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


To: Lorne Larson who wrote (2515)1/23/2002 11:47:32 PM
From: Peter W. Panchyshyn  Read Replies (1) | Respond to of 11633
 
Ah, so now you're saying

-------------- No not saying now , I am repeating something that you could not read for yourself that was in plain english in a past posting ----------------------------------

that I shorted "during a period" when NCF went from $10.80 to $14.80. Which proves exactly what?

------------- That you sufferred a loss. A loss is not "superior". And the point I made about joe asking himself if he wanted the same to happen to him when it can so easily happen to such an expert trader as yourself. ---------------

The stock obviously did not move in a straight line from $10.80 to $14.80.

----------- Actually if you look to the chart it does show it moved in a straight line. I am attempting to provide a link for you to examine and dispute from telenium
graphs.telenium.ca
so as usual the documented facts show you to be wrong as usual. --------------------------------

I could have made a ton of money shorting during that period.

---------- Care to show which part of the graph shows you could have profited from shorting during that period. ---------

I tell you what. I will post every trade I've made on NCF during the last 6 months - dates, prices, the whole shebang.

--------- The whole shebang as you call it has already been plenty posted. As this little bit of evidence above to show you wrong yet again demonstrates. And as I have already said I don't need every single one to prove my points. All I need to do is show joe average that even a self proclaimed expert like you can be wrong once and ask him (joe) to seriously consider if he wants that to happen to him. Now I have actually much more than once of your occassions (LOSSES) because since you have not been forthcoming I have had to go find them on my own in your past postings. That was not too difficult. I did what you had failed to do in your examination of me and mine. Your all out refusal to look at or for my documented postings and their facts. Even a refusal to accept a documented posting from another member concerning what he found from me and his endorsement. Now There was for your losses, the one occassion with SHN and another was the trade of PWI. Three almost back to back occurrences. Which clearly show real realized losses. And no occurrences of any realized gains. You provided as counters only unrealized gains for AY and PVE. This provides proof positive for joe that he should seriously question trading and find out more before he risks his own hard earned money by jumping into it wholeheartedly just on your word. ------------------

On one condition, that being that you post your oil and gas trust holdings as at May 15/01 and Dec 31/01.

-------- That has already been posted as I said on numerous occassions, a reference to which I just supplied a link to yet again. Which again you just refuse to acknowledge. ----------

Since you claim that you've already done this in some manner or other, this should not be a major item.

--------- Its become a major item because I have produced the same again and again and yet again. Directing you to them. As In my last post. And each time you refuse to look at them. Your cop out being they are a few paragraphs long. THATS IT GROW UP AND BE A MAN , SHOW SOME BALLS, LOOK AT THE REFERENCES AND STOP WITH THE GAME ALREADY EVERYBODY IS GETTING TIRED OF IT------------------

And since you claim you didn't lose any money in 2001, this is a great chance to demonstrate your "can't lose" brilliance. I'm waiting.

------------ My claim is that I have no realized losses. My accumulating at lower levels and the rise in unit prices and the high current income generated along with taking advantage of the rights and warrants have all combined to erase any and all unrealized point A to point B losses and turn them into gains. THATS FACT By another readers public documented endorsement I already have demonstrated my "brilliance". Everyone is still waiting for yours. And the statement that you could have made a ton of money shorting NCF in the period refered to earlier is BONA FIDE BS. AS ALL YOUR CLAIMS ARE AND HAVE BEEN. -------------------



To: Lorne Larson who wrote (2515)1/24/2002 11:52:03 AM
From: Tommy D  Read Replies (2) | Respond to of 11633
 
Lorne, you are a better person than most to get into a discussion with Peter that is impossible to win because Peter does not believe in anything other than buying and holding in respect of O&G trusts. From Peter's perspective, a trader would appear to be anyone who sells based upon his assessment of a number of areas that would include:
1. Review and assessment as to the direction of the general market (ie. overbought or oversold and subject);
2. Review and assessment as to the market value or trends as to value of the particular commodity owned, bought or produced by the company or trust (ie, in this instance, natural gas and oil prices); and
3. Review and assessment as to the economics or management of the particular company, often having regard to the general factors referred to above or just considering the negative or positive aspects of the particular company
4. Review and assessment of the risk level that the investors wishes to assume.

The risk profile of the investor can and most likely will change over time and the portfolio will often reflect that. The claim of superior or not superior returns has to be measured in that context. For example, an individual I know did not want a high level of risk and had cash of between 10 and 20% and fixed income of 40 to 50% with an average of 25 to 30% in stocks in 2001 and she earned approximately 10% on her portfolio which by most standards would be superior. She certainly could have earned more on the trusts as you or perhaps Peter did but that was not of interest to her with her risk profile.

The reality is that people who trade daily or very frequently are traders. The people who review there portfolio on a periodic basis, either by themselves or with the assistance of others are investors, not traders. They are seeking income or a capital gain from their investment. I suspect most people on this board recognize and accept this and Lorne, I know that you understand this.

Regards
TommyD