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

To: Peter W. Panchyshyn who wrote (2230)	12/16/2001 9:55:35 AM
From: Lorne Larson	Read Replies (3) \| Respond to of 11633

You just don't get it do you? Everyone on this forum that I'm aware of is a believer in these trusts long term. I'm not questioning that you've made good money on them. So have I. A person would have had to be a complete fool if you lost money on these things in 1999, 2000, and the first part of 2001. You bought ERF.G when it was low. I bought it at split-adjusted $15.90 in Jan/00. So what? The debate here is not their value as a solid investment over time, but rather whether you can make MORE money by moving in and out of them. I'm not talking about day trading here. I'm talking about treating these things as a cyclical commodity. In that regard there can be no debating the fact that it was smart to get out of these things in May or June. At that time you were publicly stating that the oil and gas trusts were "oversold", and you were pumping them hard. You were laughably wrong. I wouldn't keep harping on it except that, quite frankly, you're an arrogant Johnny one-note who can't accept that any trading strategy except your own has any merit. Instead of repeating buy and hold, buy and hold, buy and hold ad nauseam, why don't you contribute something useful to this forum. Do you think the oil and gas trusts are a buy now or are they going lower? If you think they're a buy which ones and why? Which ones would you avoid and why? I'm leaving you off ignore until you respond. If it's more of the same "buy and hold forever" drivel, you're back on ignore forever.