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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: stan_hughes who wrote (1849)	11/9/2001 11:11:04 AM
From: Goldberry	Read Replies (1) of 11633

Stan Stan Stan. You don't get it Peter isn't concerned about what they did for the past 5 months or even the past 5 years (based on a post with data I did which showed that Canadian REITS performed better than the top rated Oil and gas trust on an income basis and cap gain basis with less volatility) he keeps talking about 20 year data which is history and based on the initial start of these O & G trusts when they were cheap. In fairness to Peter he has mentioned a number of times in his posts that the key is to buy more when they are depressed in their cycles. He is adamant that guys like you and I who chose to trade that is sell when they are near, at the top or coming of high points in their cycles are wrong in that we should hold on and suck up as these things go down. What Peter needs to understand is that when you talk these investments up as he was doing last Spring when they were approaching there highs and some of us were preaching caution some readers might not heed his due diligence warnings and may have plunged in to buy. Now they are down 30%+ and these people may not have the funds to average down. Anyhow after he stated calling people names (I became Einstein) I put his name on ignore. I should have done this back when he refused to admit or apologize for all his messages about the U.S. Canadian pricing which indicated his own due diligence was suspect plus the fact that he insists that the trusts shut down there wells and do not sell if the price goes below there cost. If the latter was the case there would be a lot of shut in wells from their purchases of junior oil and gas companies and assets this past year when prices were 25-50% higher than they are selling for now. Sure if they use an average of all there wells they may stay above cost but once the older ones are depleted the higher priced assets become predominant.

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