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

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To: trustmanic who wrote (4745)	11/8/2002 12:04:38 PM
From: Peter W. Panchyshyn	Read Replies (3) of 11633

I am still bullish on income trust. I will not buy $2 NT because of its historical past or future, but I will pay $10 for a boring product that give me some cash every month. ---- And that would be because of your own personal preferences and circumstances. Nothing wrong with that. As I have said myself before. Now that discussion I have had concerning NT simply shows that one should not count anything out. One has to look at all the information and data. Which includes yes its historical past. Dismissing or ignoring data means you may miss an opportunity. Once these opportunities are gone their gone you cant go back and redo them. You can only kick yourself for not seeing things as they are. As I said in a recent past. Fear and greed can be big mistakes when it comes to investing. You may fear that NT will just disappear and leave you with nothing. But that hasnt happened. What has happened is it fell big time recent and recovered big time. Giving those that saw it coming some nice returns. Now on the other end you may get greedy thinking something your watching will just keep going up and up and that if you dont jump on it it will pass you by. That happened at the high end for NT ($124). People believed it would just keep going and going and going. Recent with AE.UN we have seen the same sort of thing. AE.UN rose from just over $3 to well over $4. At $4 and change it announced it was buying KETCH. Many here jumped on the band wagon then thinking it had no where to go but higher. I came in to suggest that with the gains it had made from that $3 (near where I last bought in) to $4 the news of an aquisition by AE was already being factored in. I pointed that out to Scott he said he was sure it was going higher. The truth and the data going forward confirm that it did not go higher it fell to $3.88 or lower. What did that all mean then. Well Scott was wrong because it did not do as he said and he could have bought at lower prices but he was so sure it was going to go up. Simple fact is it did not. Now I base all my decisions on the data on the hard numbers and what those numbers show is likely to happen. I was correct with NT ,I was correct with AE.UN. As I was correct when the Worldcom news hit , when Enron hit. At those times unit prices fell quickly then recovered just as quickly. I took advantage of those , as my past postings will attest to. As I was correct when Sept 11th hit. Trusts were hit hard but recovered nicely from the lows where I accumulated. As I was correct when ngas fell to $2 and many were saying that the trusts were selling their product at huge losses and they the trust were going to stop paying out and were going to disappear. From that ngas recovered to where it is today $3.80 but was over $4. As I said the hard numbers, the past trading numbers, all told me that that was going to happen. They were right as they almost always are. Which brings me now to the new trust IPO's I dont play these directly but indirectly through the trusts of trusts. I have had much success with these (warrants , rights , trading and conversions). And that is because these trusts of trusts have a trading past record one can examine. Thats the hard facts I need to do my analysis. These new ones ,IPO's, simply dont have this kind of information to examine. And as I have shown this kind of info is very important it lets you see what is likely to happen. Others choose to go by what they think what they feel. Well we all know what happens when you go by feelings ( as my above fear or greed insight) your just as equally likely to be wrong as you are right. Maybe even more so the wrong side because you omitt or dismiss information which may be very important to finding out the truth about what is to come. --------------------------

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