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

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To: Lorne Larson who wrote (3547)	6/24/2002 10:23:41 AM
From: Peter W. Panchyshyn	of 11633

Why is switching from one trust to another always a bad idea? That statement is simply absurd on its face, and needs no further comment. ----- Several real trust past trading data (for AY,ERF,NAE) that I supplied from your own list puts down your claim that most all switches end up making money (they lost money). The fourth PVE showed a gain but less than that for a hold and accumulate at lows. The fifth AVN did do better. So the results of this little exercise is that 1/5 of the time or 20% of the time switching succeeds. Not very encouraging. In debate it is customary to provide real world counters. What you provide here in your defense is that it is just absurd and needs no further comment. In a debate contest if one side said that they would be laughed off -------------- As for PVE and AY they have both gone up more on a % basis than PWI since the date of my post (Dec 20/01) ----- Your own numbers from the chart provided show otherwise. As I countered using your own numbers PVE is up 17.1% after the 15% loss from PWI is subtracted. AY is down 6% after the loss is subtracted. Your own numbers for PWI show it is up 8.8% from dec 17 and it is up 21% from its lows of $5.80. DO THE MATH YOUR WRONG. As per my going over the numbers your net 11% is smaller than the 14.5% net for PWI (sticking withit and buying more at the lows) ---------- so the example works for them as for AVN -------- Well as I clearly show for them it does not work. For AVN it does but that is 1 out of 5 examples looked at not a very good record. Compared to your claim it works most all the time with most all trusts. IT DOESN'T -------------- ------- I would be very interested to get your view on how in that post of dec 20 you state you got out of PWI and into PVE and AY. But now claim that you got out of PWI and got into AVN. It can't be both. So it is one or the other. Clearly it is the first because you had to change your story when my working your numbers showed you to be wrong. These well documented lies of yours make showing you for what you are just too easy. THANKS. And it makes it just too easy for joe average trust investor to see them so clearly. From that he can make up his own mind which to do for himself given the real facts. -------------------

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