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

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To: Lorne Larson who wrote (4329)	9/22/2002 10:11:17 PM
From: Peter W. Panchyshyn	Read Replies (1) of 11633

The examples you give actually confirm my argument. You state that a switch to ERF would leave you down 4.6%, NAE down 7%, and PVE up 9.2%. You strangely do not mention that if you continued to hold PWI you'd be down 10.8%. ------- Sorry but you got that all wrong those down 4.6% and 7% are not me they are the switchers. The ones who switched from PWI into ERF and NAE are down. Me the one who accumulated is up 13.5%. So just as I said with my numbers previous 13.5 % beats your 11%. 13.5% beats a loss of 4.6% and a loss of 7% and even beats a gain of 9.2% ------- READ IT ONCE AGAIN AND WEEP ---------- ------- My theory says that you lower the cost base with each of the declines that occur over the length that you hold it (forever). That makes for lower and lower cost base over time. Now what you fail to acknowledge is that with each rise that follows afterwards the then unit price will rise to and above the lowered average cost base. So what you say that PWI is down 10% now. It is down unrealized and that will just disappear and turn into a gain the next time around. It already did just that in the past posted referenced post. If you dispute that that happens I have already confirmed that from the many postings where I show the unit price rising from those lows for many trusts. Its a matter of past record. From my source. So that 10% decline means nothing to the person following the theory because the income received is the meat and the gains when they come (because they do)are the added gravy. Your losses that you encur in the interum from switching you are stuck with and they eat away at any future gains. REVENUE CANADA has made that ruling. Again they, not you are the authority on the matter. PURE AND SIMPLE. ----- That's based on PWI at $6.24 (split adjusted) down from $7.00. So actually you'd have been further ahead to switch out of PWI into any of ERF, NAE, or PVE. ----- Hardly your reading the cases I presented wrong they are all L (LORNE) taking a loss by switching and buying the other trust which leaves you L with losses or with a gain that is less than what a accumulator on the lows would have got. Again for an accumulator the gain by buying more is 13.5%. The losses for switching into ERF are 4% for NAE 7% and the gain for PVE at 9% is lower than 13.5%. SO YOU LOSE. AS USUAL. -------------- I expect the same would be true for AVN. As I said before it's simply a matter of whether the stock you switch into goes up more than the one you held. Very simple. All based on YOUR numbers, dummy. So much for your argument that switching is always wrong. Game, set, match. ------ You dont discredit my numbers they are matter of record (at the time) and did happen the price returned above the average lowered cost base as I said it would. So for the at the time referenced time it still holds with all the facts and will hold again into the future the next time. What happens in between time is not important to one who follows the theory. It would be important to a trader like yourself though because you get real losses that eat any and all your real gains. JUST LIKE THAT MARGIN CALLS HURT YOU WHEN YOU GOT TAPPED OUT AND THE TRUSTS CONTINUED TO FALL HARD YOU HAD TO SELL AT LOSSES. REAL LOSSES. AND YOU NEED REAL GAINS TO RECOVER FROM THAT. AND THATS WHY THE DELAY IN POU IS OF SUCH A BOTHER TO YOU. FOLLOWERS OF MY THEORY HAVE NO BOTHERS AT ANY TIME. AND JUST LOVE IT WHEN THEY CAN AGAIN LOWER THEIR COST BASE AND GET MORE HIGH INCOME FROM THOSE MORE UNITS. ------------

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