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

To: Marc Fortier who wrote (5570)	2/25/2003 6:28:10 PM
From: Peter W. Panchyshyn	Read Replies (2) \| Respond to of 11633

I hold a core position in PWI, a small one and I don't intend to sell. IMO, the numbers will look better in 2003. Let's wait and see. ----- Thats the problem with looking to these old numbers that all else look to. When looking at these numbers people interpret them as point of fact and that the trust can and will do nothing about them. Thats far from the reality of it. Their just a snapshot , a point in time of what the trust has done. Nothing more. . Recent on the stockhouse board was a concern about a report of PGF and a writedown of reserve estimates on one of its properties. In that instance others on that board called for others to dump PGF. I stood to say that this meant nothing to the trust and would have little impact. The truth on the matter was that the units fell in price a mere few percent then recovered to their pre report levels. Its interesting that with that few percent move ( a mere $0.20 to $0.40 downward move on a $15 trust ) those others had claimed that the selling was now way over done and people should be buying it. The costs of this moving in and out and etc would have made the effort not worth while. Now is the same going to hold for PWI you'll have to decide that for yourself. But do that on what the trust is going to do going forward not by looking back. And getting scared of something that may in fact mean nothing. Or may be just an over reaction. We saw this kind of over reaction previous for PWI when the units sold off on a perceived management problem. The trust units fell but then just as quickly recovered. Was there a problem or not? And was the effort of panicing and baleing and rebuying all worth it? Clearly in that case for joe average it would not have been. Is this similar? Youll have to decide for yourself. But do it with reason and not emotion. -----------