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

To: Lorne Larson who wrote (4175)	9/12/2002 6:11:35 PM
From: bill	Read Replies (2) \| Respond to of 11633

I'm inclined to be a buy and hold sort of person but, from time to time, I sell on MOMO and then buy back when a stock drifts back. However, I've discovered the truth of not being able to trade in this mkt. and make a profit if using a full-service broker. Therefore, I'm assuming you're trading online. Even on line one has to take into account the fee in and out. With greenline that is 29.00 per 1,000 shares x 2 =58.00. If my math is correct that 5.8 cents a share. Do you use a broker who charges less than that? Is there a minimum number of shares that make the trades worthwhile? Could you use an actual example of GLH.UN, showing the movement plus the cost and the resulting profit and the number of shares. I bought GLH.UN sometime ago and, either out of inertia or conservatism, have simply been holding it, taking the distributions and watcing it rise steadily in price. In the case of GLH.UN with its share price rise, does the dividend stripping place you at risk of missing out on the capital gains that have been accruing? Thank you in advance for your reply and--keep it simple. Not all of us are hotshots at this sort of thing. Addendum: I rushed over to Stockwatch and checked on the GLH.UN distribution. 29.25 per quarter. If I bought 1,000 shares and then sold them after getting the dividend, I'd get 29.25 - 5.8 cents = 23.45. I'd then wait for the stock to go back up in price to my original buy price so all I'd "lose" would be the broker's fee--is that right? I'd ignore the potential capital gain (36 cents today) and simply buy back in the next quarter before dividend time and not worry about what the price was the previous quarter. I'm not disagreeing with your strategy, just thinking out loud as I try to absorb a new concept.

To: Lorne Larson who wrote (4175)	9/12/2002 6:58:28 PM
From: Peter W. Panchyshyn	Respond to of 11633

There is no complex strategy involved in dividend stripping. People have been doing it for years, with regular dividend paying stocks. Ideally you want to use a solid stock, which will bounce back after the x-dividend date. The income trusts which pay quarterly are the ones I play. I usually buy before the x-dividend date of the month before. For example, SHN.UN goes x-dividend in late September. I did my buying before the x-dividend date in late August for the monthly paying trusts, the reason being that a lot of dividend strippers want to get the August dividend, and than jump into the quarterly payers. I want to buy before these people switch because they tend to drive up the price a bit. ----- I look over the above BS and I see NO PAST TRUST DATA just a lot of BS. YOU PROVIDE NOTHING THAT ANOTHER CAN VERIFY FOR HIMSELF. LOOK TO BILL'S OWN POST ON THE MATTER. He like others as I have said want real numbers to look at, to verify, to back test to forward follow through. YOU PROVIDE NONE OF THAT AS IS USUAL. I for mine provide a real math strategy. I provide the real past data that all may verify to their hearts content. I even provide the source of that very same data. The most recent was for EIT.UN where in a recent post in answer to someone asking about them putting a lot of money into now. I showed the yearly past trading ranges. From that I showed that the price at the time maybe within its high range and if he had wanted to get in he had better be prepared and willing to add more at lower levels if they came about. And they did. Other past examples I gave for were NCF, ERF, PGF and PWI. All those used real past trust data to explain and show what I had been talking about. HERE YOU ONCE AGAIN REFUSE TO PROVIDE ANY NOT ONE BIT ------ As a side note, don't assume that just because someone does not immediately respond to your post, that your point is established, -------- You almost immediately respond to one of my postings with your usual attacks, insults or name calling, yet when it comes to EVIDENCE you sure take your time in responding. And when you do respond there is ABSOLUTELY NO REAL PAST TRUST DATA when that is clearly what was asked for. I deliver ,I and others expect, no more ,no less from someone with so grandiose claims ("""STATEMENTS""") as such as yourself. Now just how is someone suppose to verify your claims with no numbers???? How often does it work? Does it really work at all???? How can someone compare mine and yours ?????? Is the effort worth the gains or losses?????? ABSOLUTELY NONE OF THESE ARE ANSWERED!!!!!!!!!!!!!!!!! and you can start your usual incoherent arrogant braying. ---- Gee Scott replied to me in a posting (others by private message) that he (they) had no problem understanding my position. Said in fact it was quite simple. WHATS YOUR PROBLEM?????? I think all can see your problem is that your a sore loser trader whose only recourse other than the real past trust data is to hound , insult and name call because that is all you are really good at. If thats not the case then stop the childish attacks and provide some real evidence (real past trust trading data). That will greatly further the discussion and benefit all. And it won't make you look like such an ASS. ----- SO TAKE UP THE CHALLENGE OR CONTINUE WITH YOUR LIES AND GAMES OTHERS WILL THEN SEE IT CLEARLY FOR WHAT IT IS. -------------- Most people, unlike yourself, have a life beyond this board. ---- Here it is another personal attack. NO DATA JUST ATTACKS. I truly do and want to convey the truth about these trusts and investing in them to joe average trust investor. Giving him all the important and necessary facts and data. You on the other hand appear only to want to con them so that you can make a trading gain. SHAME ON YOU ----------------