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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (35093)6/17/2003 11:55:02 PM
From: TobagoJack  Read Replies (1) of 74559
 
Good evening Pezz, Last Night's Report from Shanghai:

I admit it! I panicked. I asked my broker to put in limit orders to sell some CanRoy proxies of wealth, intending to retreat from current level of equity allocation by a bit.

This is only a tactical move, just so that I do not commit the ultimate sin of 'not taking profit' when the taking is good. I sold about 10% of my CanRoys, including 100% of my Enerplus, and another bit of Primewest:

(a) Enerplus Message 18915962
<<May 5th, 2003>> @ CAD 30.75 per unit, a gain of 3+% after distributions

(b) Enerplus Message 18381801
<<December 30th, 2002>> @ USD 22.77 per unit, a gain of 34% after distributions

(c) Primewest Message 18381801
<<December 30th, 2002>> @ USD 19.94 per unit, a gain of 28% after distributions

I will get to buy back what I have sold, plus more, but later.

Chugs, Jay
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