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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Tommaso who wrote (9937)	6/3/2005 12:57:38 PM
From: Taikun	Read Replies (1) of 37387

<you were telling me what a bad deal Energy Split was. > Well, I did buy Energy Split after hearing what a great thing it was and then I found out it is full of underlying trusts with bad metrics and I can make more money buying individual trusts like TKE and DAY. Part of the problem is the huge fees ES, EN extract. I also found out it is levered 1.7x to the price of underlying trusts, so in a downturn which is what the US is experiencing right now, any drop in demand that impacts prices impacts ES, EN 1.7x. Remember some of those trusts aren't sustainable at $40 oil and you get a bunch of those. Sold my last EN today $14... Rogers management is uninspiring. You may do well, but over the several quarters I owned their metrics never seemed to improve. They can't control energy costs, can't expand, can't get their payout ratio down.

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