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

To: mark calgary who wrote (1415)	9/11/2001 3:44:08 AM
From: Peter W. Panchyshyn	Read Replies (1) \| Respond to of 11633

Peter - 3 quick points and then I'm done. 1. If the price of the underlying commodity has dropped 20 percent in a quarter and distributions are dropping at the same rate but with a one quarter lag, what do you think the price of the unit is going to do?? ----------------- Of course the price is going to fall. If it was a good buy before the fall it is a better buy after the fall. Its just that simple ------------------ - If you are earning 1% return per month to sit and hold a bag that is deflating at 20% wouldn't you think that closing the bag for a while would be a good idea. ------------------------ Your earning 1% on your first purchase. The second purchase you are earning a little more. The third purchase your earning a little more. Because what you are paying for it has gone down. Now in regards to the deflating bag. It is important to ask yourself -- WILL IT DEFLATE FOR EVER? The answer is NO. What then does closing the bag as you put it ultimately do.? Its stops you from earning high income. And it keeps you from taking advantage of the lower prices and the future rebound and all the benefits that that brings with it. -------------- 2. From a tax perspective you certainly don't want to generate any more liabilities than you have to. If you have been a long term holder of income trusts I don't recommend trading them as it just attracts tax to your gains. The situation that I commented on however was a newbie thinking about laying down some money to buy now. I don't claim to know how to time the market, but I can figure out that the trusts are going to cut back on distributions in the short term. This means that the prices that people are willing to pay for the shares will decrease as the return decreases. To advise someone to jump in when even you think that the price is going to drop is not good advice. ------------------- I have already stated that these are long term vehicles. Over the long term they provide both great income and a large appreciation when prices recover. Because they do recover. I have never stated anywhere they are for the short term. I advise someone to jump in when the data support doing so. No one can pinpoint an exact bottom to make their purchases (that was my point to you). But what one can do is using a model judge when to start getting into them. Thereby ensuring that you will at least grab some at low prices and close to the lowest prices. Now what do you advise someone? After seeing these things appreciate 20% or 30% or 50% then tell people to get in. At that time most if not all of the gains are then made. And we know what happens after that then. Yes that is so much better advise.---------------------- 3. To spend time telling people how much profits you have made is really crass and very childish. ---------- That is not all I do. I give people information I give people ideas to think about (like first getting the data and seeing for yourself what is real and what isnt) I give people sources for the data. I give people the fact that they need to have a strategy a real model to follow. Not just what they believe and what they think or feel. And yes I tell people what I have been able to do. Why? Look to what Lorne had said that I was just mouthing off and had no proof as to my success. Well there is proof. Documented proof. Real date and time stamped proof. That people can check as to its validity. Now which is better for a new investor to have. Someone like me to give everything upfront to check and verify. Or to have someone come out and make statements with nothing to back up those statements. Nothing for that new investor to check on. Look just to the case of Lorne. He comes out saying the sky is falling for these trusts they are selling everything at losses. Well I called a few of the trusts and using Lorne's reference I asked the trusts how much gas they had sold at $0.21 and $1.51 like the chart Lorne provided said. He said the trusts were selling at these prices. Well not one was. It was a lie. Now a new investor is just suppose to believe Lorne because he flashed a chart. Lorne would not even back himself up with data from the trusts that showed they were doing any reckless selling. So instead of listening to me and asking the trusts how much they sold at huge losses. It is better to listen to Lorne because he showed a chart. Where anywhere in all Lorne provided does it say that pengrowth sold gas at $0.21? It doesn't. Yet that is exactly what Lorne had said and or implied. GET REAL. Now you know what is really crass and childish. Coming to a forum and not backing up what you say with facts that people can check on. Then when someone comes along to put you to the test you resort to name calling. Name calling doesn't win debates. Name calling doesn't help the new investor decide what is right and what isn't. Facts and data. And one other thing that is crass and childish is to ask someone questions or point things out to him. Then say from now on I am just going to ignore you. Just like a little kid, ""Its my football you guys aren't being nice or won't do as I say so I am taking my football and going home"" That promotes discussion alright. That helps new investors alright. Again GET REAL------------------- There are some here at SI that have been very lucky with certain investments, and others that have lost their shirts ( and maybe even more). It is repulsive to hear someone trying to use their success to belittle others or to make themselves appear smarter than others. ---------------- I am not belittleing anyone I am asking for people to backup what they say with facts. If they can't do that or if they cant comeback with counter arguments and have to resort to name calling instead. That is what is really repulsive. That doesn't promote discussion. That doesn't convey useful and necessary information. That doesn't help anyone. And who is really trying to show someone they are smarter than another? Someone who makes a statement, can't or won't defend and then won't counter others arguments then only has to resort to name calling or running away saying " I am just going to ignore you". I am using my success as proof. I am using my recommendations here on a real time basis as a vindication of my methods. That these methods work and work well. That you or others see it differently is your problem and not mine. Most people don't have a problem with it. I have been thanked for my postings and have been told they are enjoyed. Drop the money bit - from what you write, and I don't doubt you, you are a little too far up the food chain success wise to stoop to such devices. -------------- You see what you want to see. I have outlined my agenda as it were. Why I do and say what I do. You take it in a context that is different from its intent. That is your right and that is your problem. ------------------ Do me a favor and do as I am about to do to you. Ignore ------------ Thats so very helpful to you. So very helpful for others ------------------------ Mark