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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 (3540)	6/24/2002 1:26:57 AM
From: Lorne Larson	Read Replies (3) \| Respond to of 11633

You are such a complete slimeball, aren't you? You're using an NAE/PWI example because you spent all night and all day trying to explain your stupidity, and than found that NAE was one of the few trusts that did not move more than PWI (on a % basis) from the date that PWI hit its low on Dec 21/01. You and I both know, slimeball, that I have have never owned NAE and that the switch was from PWI to AVN. Try this analysis: 1000 shares of PWI are bought at $7.00 and at Dec 21/02 are trading at $5.95. The options considered at that point are to hold it or to switch. Option 1: PWI is held. It now trades at $7.04 for a net gain of $40.00 from the original $7000 cost. Option 2: PWI is sold at $5.95. A loss of $1050 is realized. The proceeds of $5950 are used to buy 745 shares of AVN at $7.98 (which was its price at Dec 21). AVN now trades at $12.02. The 745 shares are worth $8955, for a gain of $3005. The net gain after the realized loss of $1050 on the PWI share sale is $1955. If you held PWI, you are ahead $40. If you switched on Dec 21 to AVN you are ahead $1955. Your original point, and one which you have repeated continually and in your usual pompous manner is that this was a bad trade. You now have an opportunity to explain why. Take the above analysis through step by step, and explain why. I can hardly wait.