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

To: sportsman who wrote (1798)	11/7/2001 11:51:17 PM
From: trustmanic	Read Replies (1) \| Respond to of 11633

Sportsman, Buy low sell high or hold. Both strategy are good as long as you make money. There are more than one road to Rome. George

To: sportsman who wrote (1798)	11/8/2001 5:40:31 AM
From: Peter W. Panchyshyn	Respond to of 11633

You remember my five very successful trades I told you about? ------------- Yes I remember. I also remember that you have been in these trusts for a short time. A year maybe more. Now I told you if you wanted to base your investments on that kind of a track record thats your buisness. I stated that others may want much more confirmation before they commit to such, as they should. I also asked you to provide some long term data showing the success of such a strategy in light of the fact that every major study done on trading in the last 50 years or more shows that the majority of those who try trading fail and fail miserably. As expected no such data has been provided by you or any others, EVER. In light of the facts as presented by some "traders" here I see the following results of a trading strategy. Shorts on SHN.UN and NCF.UN , little or no gains here, even some losses. Missing out on a big move in NCF.UN from $10.80 to $14.80. Waiting for a buy signal to get into the trusts that doesn't come but prices move higher, with those waiting, getting no income and not buying anything at any lows, hence no gains. So your five trades mean nothing. They provide no statistically verifiable proof. At best, and I am being overly generous here, trading (as per results here ) is 50:50 ,hit or miss , and the misses take out the hits rather easily , leaving the "trader" with no superior returns, and surely nothing to be bragging about. ----------------------------------------- OK, I just purchased Prime West today at 4.31US and will be buying Advantage tomorrow and I will post the price. I might hold these a month, two months or a year. These trusts are very volatile and if a big pop happens in a month, I will be out again. It's not a very difficult strategy with patients: buy low, sell high. Play the volatility. ------------ That is all well and good in THEORY or ON PAPER. But it just doesn't hold with the facts. Many end up buying high and selling low because they get scared and or panic. You and the others provide no method to judge the effectiveness of. You just say that MAGICALLY you'll be able to tell exactly when to buy and when to sell and that these will exactly occur at the RIGHT times. Sorry but "magically" can't be verified. It can't be tested. With REAL numbers. Which I guess is the whole idea. ----------------------------------------- I don't criticize anyone for holding long term, as everyone has their own strategy. ----------- You can't criticize long term or long term accumulate on weakness. Because it does have a real method to follow, it can be verified with real numbers, it can be back (past) tested. Using a revised linear regression model which sets up high and low ranges for trust prices and concentrating your buying in the low ranges and collecting the income generated and enjoying the increase in prices when they come along ,over and over again. This Is a strategy supported by real facts and real data. Not magic, like your trading, which you want all to believe here you will do always at the right time and at all instances. As the cases illustrated here recently have shown. That just doesn't happen. At least to any degree of certainty. -------------------------------------- BUT, money is being made trading these trusts. ---------- The majority of what is revealed here are losses or missed opportunities. That you provide just 5 ,to counter all the rest that has happened, is not resounding proof. ------------------------ If I there is no pop, I will collect the distributions. --------- Sure you'll collect the distributions. But then what is most likely to happen is you'll get frustrated take a loss or a small gain and go in search of another opportunity ( "successful trade") most probably with similar results. And over the long term any real successes you may get (few and far between) will be negated by these real tragedies. Its real comforting to know, looking back at the postings of the "traders" that when they miss or get it wrong, everyone is just suppose to forget about that and look at the few times they get it right. Then they have the nerve to say how superior their strategy is. So post your buy and your sells here. Others have. What we will have is more of the same , documented evidence of a few hits and more misses. Then you can deny your misses and I will bring them up as I have with Stan and Lorne. -------------------------------------------------- Good luck,

To: sportsman who wrote (1798)	11/8/2001 8:17:26 AM
From: Peter W. Panchyshyn	Respond to of 11633

You remember my five very successful trades I told you about? ---------- Just thought I would add this little bit. As I have not seen documented confirmation of these I am just suppose to take your word on these. RIGHT. Now supposing I do. What have you presented from these you mention past (the five) and the ones now in your newest post. Seems quite the time has past in between the two. Just what are you not telling? Maybe the ones that you missed or the ones that went sour? If you missed some then trading is not that certain. And it comes to mind that move of NCF.UN from $10.80 to $14.80, didn't get that did you? Or the upward move of SHN.UN. Any of the others. No I didn't think so. Because there are no postings from you stating so. And if you lost on some in between well we don't know that either, and your not going to tell if that were the case anyways. So what we do have for facts is that you missed some trades and may have also taken some losses. What does that do to your successful trades if they do exist? Well then maybe there really not as successful as we are to believe. ------------------- ----------- Now for a new investor who may believe what you say. "Trading is a successful strategy". He is just suppose to start trading. What method will he use? You have'nt provided any. How will he know when to buy? Well you don't tell that. When will he know when to sell? Well you don't tell him that either. Gee what are his likely results going to be with that kind of support or back up? NOT VERY GOOD ---------------------