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

To: Lorne Larson who wrote (1082)	6/12/2001 8:28:46 PM
From: Mayer Tchelebon	Read Replies (1) \| Respond to of 11633

I am not sure what can be done about the price drops when a new issue is announced, but for those who are actively invested in the O&G trusts (like myself) I would suggest that you anticipate which trusts are likely to be the next to issue units, and rotate from them to those who have just dropped after their new issue announcements (namely PWI and AY). From recent patterns it appears that when a trust makes a large acquisition (like those recent takeovers), it is very likely that within 4-8 weeks of closing the deal, the buying trust will issue more units to cover the cash portion of the acquisition.

To: Lorne Larson who wrote (1082)	6/12/2001 9:36:45 PM
From: Peter W. Panchyshyn	Respond to of 11633

stan: you're absolutely correct on this one. The brokers short sell into the issue, knowing they can cover at the issue price. The reason they can do this is they have prior knowledge of the new issue price. It's insider trading, and is completely illegal. Drives me crazy that our so-called regulators allow this nonsense to go on. ------------- Just to make a quick point. Both you and stan say it is illegal and insider trading. If you two are so confident then may I suggest a course of action to take. Raise a class action lawsuit against the institutions and sue them for billions of dollars. It seems the same sort of thinking went into the minds of many Bre-X investors. To date not one single case has gone in their favor. Instead of harping on the activity take advantage of the fact that it exists and use that fact to your own advantage. Stan seems to think that he could change the system and make it more fair. Look to my latest response to Stan. The logistics of following every single activity for every single product (stock ,trust or whatever ) to make it FAIR is beyond the scope of one man. It is beyond the scope of many men. Just how big of a government beaurocracy looking out for the interests of joe average investor (who can't or won't do it for themselves ) do you want? How big of one would the markets stand for? To be completely FAIR the process of raising money for companies in the market would take a team of dozens of beaurocrats years to go over all the information to check and double check. Times that by thousands of companies. Better the company just forget the whole idea pack itself up and move. That would make everything much better wouldn't it. This is the extreme sure enough but something to think about nonetheless.--------------------------------------------------------- Peter