| Peter, you and I both buy and hold, mainly energy trusts, accumulating on weakness, or averaging down, however we like to put it. My first post on this board supported your contention that unrealised losses were not the same as losing money. We only differ in your belief that some mathematical analysis of past, sometimes long past, unit price behavior has predictive value, where I just don't think so. Too many things change, like acquisitions, mergers, hedges, commodity prices, drilling success, management, sentiment and so on. You are of course entitled to your belief, but I don't happen to share it. I am also entitled to give reasons why I disagree. |
