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

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To: Lorne Larson who wrote (2456)	1/20/2002 8:46:50 PM
From: Peter W. Panchyshyn	Read Replies (1) of 11633

The Peter accounting system: I can never suffer a stock loss unless I sell a stock at a loss. Therefore if I I never sell I can never lose. So if I bought NCF at $18.00, and its now at $12.00, ----------- Now lets get the facts straight. I bought at $18 and I bought much more at $16 and I bought still much more at $14 and bought still much more at $10.80. All documented in real time date stamped postings and the stock is now at $12 and I am getting good high current income and it is shown to have cycled up to higher levels repeatedly in the past from the lower levels, time after time after time. I CAN"T LOSE because I am not stupid enough to have realized my losses. And those losses since they are not real have and do disappear when the unit prices cycle higher. Just as when you shorted it at $10.80 only to have it jump all the way up to $14.80. That happened in a short time span. And has done so repeatedly over the years and decades. You bought PWI at $7+ only to get scared and realize a real loss and sell it at $6. You are stuck with that loss. Add that to your losses with the documented repeated shorting failures. And what do you come back with in defence well you bought PVE and it is up (unrealized) a few bits of change. Well lets see your math is suffer a loss ,suffer a loss again suffer a loss still yet again, show that something you hold currently is up (unrealized) in change and presto chango like magic your well ahead of the game with superior results. Nice trick !!!!! Too bad that's all it is. Good to see not too many are buying it. ----------------------------- I haven't really suffered a loss so long as I still hold it. Have I got it right Peter? I know some mutual fund managers who would be real interested in adopting your system. ---------------- But your system would suit them so much better. They could show real and realized trading losses time after time after time. Pick and choose a single date in the year when their unit value jumps from their own doing. Then put in their reports that they are well ahead of the game with superior results. What happened to the real losses. Well according to you they just disappear and don't count. Funds and fund managers with that kind of record keeping would see their unitholders gone and them out of a job pretty darn fast.------------------------------------------------- And truth of the matter is that funds do adopt the buy hold and hope their clients do accumulate theory. They have put out many a study to promote it. They have put out many a study to refute the trading strategy. You know the studies that show how a joe average is asked to trade stocks then they look at his failures because he uses no system , he has no strategy, he has no plan, just buys and sells on whim and emotion and fear. The results speak for themselves. Trading doesn't work, it doesn't work all the time, it fails more times then it succeeds, and the longer joe average does it the worse its results look. Kind of like ( EXACTLY LIKE ) the last 9 months of your documented trades and shorts ------------------------------

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