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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: David Culver who wrote (3008)3/24/2002 10:32:43 PM
From: Peter W. Panchyshyn  Read Replies (1) of 11633
 
the problem is it is not easy to always buy on weakness

------------------- And why is that.?? Because of fear. Because of losing perspective of the bigger picture. Yet it is so easy to sell on the same. Now just why is that? For the same reasons. And it is always doing the wrong thing at the wrong time for the wrong reasons----------

and although I have had pengrowth a long time recent performacne has not been great.

-------------------- I think I asked you a question about your PGF and did not get a response. So I will ask again. How well would your PGF had done if you did accumulate on the weakness over the years as per my model. Just recent we have seen PGF low of $12.80 and its now well over $15. Accumulating would have meant much more units at a lower cost base and that would have translated into more monthly income and even more once higher commodity prices of recent filter through. My case with each of my trusts is that I now have much more units and much more monthly income coming from them as aresult of those more units. And for me that is the meat of it. The gains when they come around from time to time in unit value at the higher levels is just the added gravy. So if that added gravy is a little late for some at times its not a big deal. In the bigger picture of things. ------------

The oilsands is a growth story and they should not have to issue a lot of units of the growth
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