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

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To: trustmanic who wrote (2249)	12/17/2001 8:02:34 PM
From: Peter W. Panchyshyn	Read Replies (1) of 11633

I'm not surprised that our welfare checks will go down to zero. It happened before...I hope you remembered Luscar Coal Mine. ------------ Don't stop at just that point in time with Luscar. What happened after that?????? The price of the units dropped lower and lower and lower down to around $0.60. The trust did some cost cutting and the units began to recover again slowly. The SHERRITT realizing the value of the units launched a takeover bid. The unit value rose and rose and rose all the way to the $4 area. Where then Luscar agreed to the takeover. Now if you care to look over my previous past postings # 46 # 57 # 393 # 399 and some in the 400's. There is the documented evidence of my activities. I realized the inherent value in Luscar as well. I first bought in the $8 range accumulated on the way down buying much much more in the $0.70 area. I sold out at the conversion of the Luscar units to Sherritt shares for around $4. THE MORAL OF THE DOCUMENTED STORY ----- Its not over till its over!!!!!!!!!!!!!!!. And success is judged by the final outcome and the degree of committment/due diligence one demonstrates throughout the entire process. Sure many who got scared lost and lost big time, traders, speculators, and the like. Those that hung in for all the right reasons were handsomely rewarded. ME . This all ties into my discussion with the "traders". These people invest for all the wrong reasons, they invest with no strategy no method, they make all their decisions on feelings (they get scared, they get excited). This makes them do all the wrong things at all the wrong times and they end up with their hit or miss records, their small gains ,few and far between much more larger losses and then they either cry about it ,or fool themselves into thinking just how really good they are doing when they are not. ----------------------------- Anyway, its still better than saving account(for the time being) I will not use my welfare money on oil & gas trust for the time being. ---------------- I seem to remember the same sort of thing you saying when the rights for the SDT.UN were first announced. Weren't too keen on the idea at the time but then what happened ?????????????????????? The rights converted at $3.55 the unit value is now something like $4.30 and now you have 25% more units paying the same monthly amount now you just have more units doing that. Now I ask you are you better off because of that or not???????????????????????? ---------------------------------------------------------- The sardine trust is already 15% return so I will not put any more money in. For RRSP. may be I will buy more L.P. like FIP.UN or FYP.UN, it give me a good return as long as I keep in RRSP.

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