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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: David Culver who wrote (478)	8/29/2000 1:58:45 PM
From: Greg Spendjian	Respond to of 11633

Re: Riocan ... and about high time too. I have certainly been surprised at the non-movement in REI.UN even as long term treasury yields have come down. I guess it is only when the markets are sure that the Fed has done with raising rates that unit trusts like Riocan will respond.

To: David Culver who wrote (478)	9/12/2000 9:12:19 AM
From: Goldberry	Read Replies (1) \| Respond to of 11633

Riocan - David when you posted this message I penned a reply and didn't send it because I figured everyone would think it just sour grapes. The jist of my message was that whenever their has been a big run up in one of the real estate trusts it always seems to be followed by a new issue and that I was thnking of buying back in after selling last year. My gut told me to wait because I had bought before at pre issue levels and so I did. Well it happened again and the TSE should be looking into these things IMO. They ran this stock up over the past month and it is disgusting. Most of the buyers of these units are pensioners and others requiring fixed income and they get burned. I believe no income trust should be allowed to price units at say 2% lower than the average trading price over the preceding 30 -60 days. I will now look to reenter at $9.00 because the units represent good value and income at this level. Graham