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

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To: Lorne Larson who wrote (3706)7/24/2002 5:58:59 AM
From: Peter W. Panchyshyn  Read Replies (2) of 11633
 
If I had some cash right now I'd be buying. However I'm tapped out right now - been buying some beaten down stuff (not trusts) over the last week.

------- Tough break. But then that is what happens when you chase after gains near recent highs of the last few months. I on the other hand have not bought much in the last 6 months. Just watching and enjoying the rise from the last lows and collecting the income each month. Building up my warchest as it were. Just waiting for the next cycle to repeat itself. Good thing I tripled my investment line of credit at the best possible timing. Time to begin putting that to good use. I see in a past post of yours how you were gung ho on buying POU at $15 (in your margin account). Yesterdays close at $13.78. OUCH !!!!!!!!. Oh well SUPERIOR TRADERS such as yourself just never learn. Or have to learn the hard way. I trust many of the joe averages here will take that as a sign. Hey if this can happen to you just what would happen to them. -------------------
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