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To: David Culver who wrote (3300)5/11/2002 9:21:44 PM
From: Peter W. Panchyshyn  Respond to of 11633
 
Brokers have pushed some of the issues at high prices so a lot of people are under water on pengrowth.

--------- A lot of people are under water as you say. But it is a result of not doing enough due diligence on their part. In finding out how these trusts operate and more importantly how they have behaved (traded) in the past. And with the information that with any major pullback their is a subsequent rebound from those lows. And taking advantage of those lows ensures better results ----------

It has been a good performer but past perforamce does not always forecast future performance

--------- In the last big pullback with the trusts. I countered the doomsayers with the evidence from the past data. That the trusts have always come back and would again. And they did just that. The past data is useful and is helpful in judging the future. ------------