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

To: trustmanic who wrote (4427)	10/4/2002 2:43:09 AM
From: bill	Respond to of 11633

Yes, but one still has to be careful in selecting ITs. check the chart on INZ.UN. Came out a short time ago at 25.00. It is now 18.10. Loss -6.90. It would take a lot of dividends to make up that sort of loss. As more and more ITs are created, there will be those that are inappropriate or ill-conceived or badly managed. Calling something an IT doesn't make it a good IT. While there are ITs which would cause me to adopt Peter's strategy (I did this with GLH.UN when the price dropped because of lack of water)and buy on dips, INZ is not one I would average down on. I suspect ill conceived and badly managed are two characteristics of it. Nor would I adopt Lorne's strategy with it because the downtrend is severe and no matter how nimble, one would be unlikely to make a profit trading it. Shorting it at 25.00 would have been good.

To: trustmanic who wrote (4427)	10/4/2002 10:24:38 AM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

George: Up to a short time ago I was 100% trusts, except for dabbling in a few oil and gas juniors. I am now about 75% trusts, with the 25% having been moved into certain beaten-down stocks. Eventually I'll be at 50% trusts, which will be my core trusts, and will be held long-term. The market is so negative right now that I feel its time to be buying. Reminds me exactly of the positive hype of 3 years ago, except in reverse. At this point I haven't sold any of the oil and gas trusts, but I will be selling some portion of my POU when they finally get around to spinning off the trust.