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

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To: Peter W. Panchyshyn who wrote (2494)	1/22/2002 7:57:24 PM
From: Lorne Larson	Read Replies (1) of 11633

O.K. genius, try this one. Joe buys Stock A at $6.50 and sells it at $6.49. Use proceeds to buy Stock B at $6.49. Sells Stock B at $150.00. Has he made or lost money? Or this one: Joe buys Stock A at $20.00. Stock A falls to .01. Joe doesn't sell. Joe wants to use stock as collateral on a loan. Joe presents personal net worth to banker showing Stock A at its book value of $20.00. Banker asks why he has done that. Joe says it's worth $20.00 because he bought it at $20.00 and it continues to be worth $20.00 until he sells it because "it might go up to $20.00 again". Joe says he "can't lose". Banker refuses loan and suggests Joe immediately seek psychiatric help.

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