SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: trustmanic who wrote (2846)3/14/2002 11:19:09 AM
From: Peter W. Panchyshyn  Read Replies (1) of 11633
 
Is it time to take profits on the oil and gas trusts

------------ Depends on a lot of things. One of which is what or where your going to be putting the money. Two what are the costs of doing so. A recent example of this deals with my recent post to Lorne. He states that yes he sold his PWI at loss. But he used the proceeds to buy PVE which is up about 26%. While PWI has recovered only 14% from where he sold it. Now lets look at some numbers. And what Lorne doesn't want people to know. Supposing Lorne sold his PWI at a loss of 10%. This makes his gain net from the two (PWI and PVE) at about 16%. Now PWI has recovered as he states 14% from where he sold it. That makes a difference in the net between the two of 2% (16 - 14). The costs (fees and taxes) would eat this spread up. Consider also that the fact that PWI continued to fall well below from where Lorne sold it. Had he not been scared out and had accumulated at the lower levels. The gains from those lows to now would be significant. That makes the whole exercise of selling , taking the loss, and buying something else. A complete waste of time and effort. He is not any further ahead. And may in fact be worse off. This described above has been a real time happening as documented in these past postings. Lornes only defense to it. Is to come up with an example (fantasy) that has him suffering a 20% loss and then from that getting on his next trade a gain of 900% ( buying at $10 and selling at $100). TIME FOR A REALITY CHECK. ---------------
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News