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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: Sexton O Blake who wrote (16337)8/11/2003 4:24:46 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 39344
 
Hello Sexton,

PMT.UN and RYL.UN are examples where a bit of bad news and down they come A bit of bad news LOL ...

This is a simulation..don't try this at home:
EU bans sales of Windows operating systems .... Microsoft off 30% on bit of bad news .. ;o)

PMT stands to lose 25 to 50 percent production with compensation unclear at best. That's pretty severe bad news.

RYL, well a REIT paying 15% dividend you know the unit price must be holding some bad news. Now the yield is a bit on the low side (cut by two thirds) for a REIT so I expect the price could come down more. Not as scary as PMT I but not really minor bad news. I was waiting for a better feel for the tourist season but decided to fold up my RYL tent and bought some DROOY @ 2.31 last week. So far so good.

regards
Kastel