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

To: stan_hughes who wrote (1980)	11/16/2001 6:51:36 PM
From: Peter W. Panchyshyn	Read Replies (1) \| Respond to of 11633

Peter Pan - You just posted that you "have been accumulating the trusts on weakness not only reducing my cost base...." etc., etc. Haven't you been telling us that the secret is to hold and never sell these trusts because the distributions will pay back your invested capital over time? And aren't you the guy who's been telling us ad nauseum that you've been in these things for years, what is it, 20 years or something, and that you've amassed multi-millions? Now I've only got an accounting degree and I may have missed something in the translation of your esteemed investment strategy, but my arithmetic indicates that any trust holder standing pat for the last 20 or even 10 years would have recovered their cost base many moons ago. ------------- Hardly you know absolutely nothing about the trading pattern for these trusts. You should check with the historical trading data before making such "statements". Such an amateur. For those "standing pat" . The price of these trusts have jumped around about as much as the price of the commodity - oil . It may hold if you got in at the very beginning, but if you did not . You can look to some past numbers and find years ago that for the longest trusts their unit prices have been as high or higher than they are now. And conversely they have been much much lower than they are now. That is fact. The longer running trusts did not come out at $1 and are now at $20. For PGF.UN for example it came out at $7 rose to $15 after only 2 years then fell back then fell lower than recovered then went higher only to cycle again and again. Obviously your accounting degree was not worth the money you spent to get it, if you have such trouble with this.------------------ In fact, holding even for only the past few years would result in a cost base below current market. Yet today you now tell us that you're averaging down here. Hmmmmmmmmmmmm. --------------- Lets see as for example someone could have bought PGF in 98 for a high of $18.45 Or in 97 for a high of $22.45 or in 96 for a high of $19 . The price is now at some $15 anything but your math would tell you that 15 (now) is lower than any of those above. They would hardly have a cost base lower. Your such an amateur. ------- Looks like you've made a little Freudian slip. You haven't been LYING TO US all this time, have you? ------------ Is this the best that you can do.? So juvenile. What does averaging down mean? Like the basics of unrealized and realized you have no clue as to the most simple. If you care to go over my posting I have said that I have been in the following trusts almost 20 years, ERF.UN, PGF.UN and REF.UN . For some of the others I have confirmed with past postings that I have gotten into them within the last 5 months or so (since the decline started back in June ) these are AY.UN , NCF.UN, NCA.UN and for the most part AE.UN. Now since it is confirmed that I bought these in the last months what part of averaging down don't you understand. THE ONLY LIES AND MISREPRESENTATION OF THE CLEAR FACTS IS YOU. Such a pathetic attempt on your part. One bit of advice you should check with the facts before you make such documented blunders. I expect, no less than you show though, from such an obvious amateur. ----------------------- Take your time responding, I'm going home for the weekend and doubt I'll be wasting any quality time talking to you. --------------- Thanks for putting this down. You do not want to waste your quality time talking to me. Yet you have expended a great deal of effort and time in responding to me over the last several weeks. Obviously during that time you were not doing anything of quality. And that must include TRADING. Thanks for that bit of confirmation. ---------------------