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

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To: Lorne Larson who wrote (2330)	12/21/2001 6:06:02 PM
From: Peter W. Panchyshyn	Read Replies (1) of 11633

Peter Pompous: Actually "Gloom and Doom" guys like stan and me were right and you were dead wrong. If you sold most everything 3 or 4 months ago you could use the cash you have stashed away to buy things cheap. ------------ You were right about the fall but you haven't benefitted from it one bit. You sold 3 or 4 months ago and since then have had only losses from shorting, from going long PWI and other because you are trying to trade and failing miserably at it because they continue to drop for you, erasing all previous gains you may have had. And then to top it off your REALIZING these losses and have no chance of recovering them so easily. Your trying to enter and exit for gains but are only getting further documented losses. And on top of all this your not getting much in the way of any high income. ---------------------- ---------- I on the other hand have benefitted all the while. I am getting high income. I am taking advantage of accumulating on weakness getting more units and more income and lowering my cost base which will benefit me handsomely once the unit values cycle higher because that is what they do. Not too mention the special situations of the rights and warrants which have given me double and triple digit returns and on top of that even more units at conversion which spells more and more monthly income. And in particular SDT is up double digit from conversion and still paying the same monthly amounts -------------------- There is just no comparison. I am far better off and far better at these trust than you "superior traders". Thats what all the documented evidence shows and will continue to show. -------------------- Oh, and since we're talking about NG prices, have you figured out yet that the CDN oil and gas trusts report their NG sales in CDN dollars, not U.S. dollars? -------- Only an amateur would say that this matters ( CDN $ or US$) as opposed to stating publically that prices for natgas were going to go to $1 CDN and stay there and that the trusts were selling at huge losses. What then were the real important facts you were wrong about here. Well for one the trusts never did sell any gas at losses. The price of gas never did go down to $1CDN but instead have risen to almost $4 CDN now. ---------------- Been investing in these for 10 years have you, and didn't realize this? --------- I realize what is important for the trusts it is not CDN $ or US$, its whether they have to sell their production at a loss. Which they never did. That you missed that most juvenile of items is laughable. Especially for a "superior trader"-------------------- And thats is the most amazing display of ignorance anyone who knows anything about these trusts has and will ever see PERIOD ------------------ Truly one of the more amazing displays of ignorance I've seen on this or any other board.

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