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

To: trustmanic who wrote (1414)	9/11/2001 12:45:26 AM
From: gg cox	Respond to of 11633

Yes there is a possibility of loosing George.. Quote from NCE Petrofund July 4/01 "Consolidation: One for three For each three old trust units, unitholders of the Trust will receive one new trust unit. Letters of transmittal have been sent to unitholders to facilitate the exchange of old trust units for new trust units." Shortly before this consolidation I sold NCE at $7.05..horse shit luck or horse shit instinct...matters not Three old shares would have been worth $21.15 One consolidated unit was worth $13.35 at close yesterday. The difference is $7.80 which is buried in the back 40 not far from that cute and cuddly Canuck's<<<gggg>>

To: trustmanic who wrote (1414)	9/11/2001 2:45:27 AM
From: Peter W. Panchyshyn	Respond to of 11633

There is a possibility of loss... If you buy Manalta @ $10, then it converted into Luscar, and then you have no dividend for a year and then....it become Sherrit. I don't know.... This one is my loss. ---------- It is all a matter of how you play things. In a past posting I told of owning Luscar I first bought at $8 did a little averageing down. Was not to concerned with the suspension in payouts since it was to rebuilt the trust I knew it would come back so I hung in. One of my last and biggest purchases was in the $0.70 range. The price made significant moves and I sold everything at $4 level on the announcement. All in all making a nice return. Its all a matter of how much research you do. How much guts as to when you know you are right once you make a decision not second guessing yourself and relying on facts and data. All of this reduces your risk to very low or non existent levels. -------------- Now you could go through some of my trades over the years and yes find individual small short term losses but longer term in any stock I have been in I have come out ahead. Some better than others to be sure. The most noteable of my "losses" was with a mining stock. The price had collapsed I think it was around 70%. Now prior to this with my researching I came to the discovery that that was a real possibility though small. What I also discovered was that for most of the cases where this occured the stock usually made several significant upward and downward moves in the order of 20% to 30% immediately following. I managed to capture 4 of the 6. So all in all I still ended up on top. Of course after that I kind of gave up on that sector thinking maybe it was luck and maybe there was a simpler safer more stressless way. There was it was the trusts. Anyway, the more dividend the least cost and more profit.