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


To: stan_hughes who wrote (848)3/28/2001 12:44:56 PM
From: Scott Mc  Read Replies (1) | Respond to of 11633
 
Stan, believe me I'm cynical as well, I was looking for a way to make a buck, however from what I could see the underwriters were doing more buying than selling up to the day of the offering, in addition (and I always see this) as soon as a new share offering is made the price always drops (Lets face it, its easy money if you can short something above the offering price), the same way the price drops when you see a share consolidation.

For my money I will always prefer trading on the TSE or NYSE over Nasdaq (you want to talk about shady, the marketmakers on the Nasdaq even after cleaning up their act are still very bad)



To: stan_hughes who wrote (848)3/28/2001 12:54:42 PM
From: Scott Mc  Read Replies (1) | Respond to of 11633
 
Stan,
I guess what real bothers me about all the REIT underwritings are the companies themselves, they dilute the shareholders and they don't need the money. If they absolutely have to, then give warrants to the shareholders, or don't top up distributions.
Scott