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

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To: Ron Everest who wrote (4179)	9/12/2002 8:39:23 PM
From: Peter W. Panchyshyn	Read Replies (1) of 11633

My thinking is to get in just before ex div, recover the dividend, a probable capital gain ------- Keynote here is a probable capital gain. Not a certain capital gain , not a definite capital gain, not an absolute capital gain. And heaven forbide what if it is a capital loss. Which is as equally quite probable. ------- and get out asap after the ex div date. This has been working successfully for some time. If perchance one gets caught, the simple stragegy is to hold and yield the 7%. ------- So here you acknowledge that someone can and does """GET CAUGHT"""" from time to time. So to hold and yield 7% with a capital loss of X% means what?????????????. And holding for a trader is a bad word and it does not show superior success (returns) as is stated. Tying up money for a trader for any length of time means he has less to do for other things. Those other things may include getting even more a gain in the next trade because the previous trade was a loss and you need to "cover" that IF YOU CAN ---- These are issues which you do not address. Nor do you provide any real world trust trading data. Though it is nice to see you at least acknowledge things like "probable" and "if you get caught". ------- And as a further note to "getting caught" suppose as in the case for Lorne recently ,you "get caught", are tapped out, fully margined and the market continues to drop hard for several more days or weeks. Your tapped out out your getting margin calls and your broker makes you sell some of your holdings at a loss. What then? SUDDENLY A BAD SITUATION HAS GOTTEN A WHOLE LOT WORSE!!!!!!!!!!!!!!!!!!!!! (How does a 7% yield ,or any yield ,help you there?) YOUR SCREWED ----------------

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