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

To: David Culver who wrote (7686)	9/28/2004 7:19:54 AM
From: Taikun	Respond to of 11633

David, I sold my PMT and invested the proceeds into EEE, TOT.TO. I will probably regret this. Ha ha. In my opinion, though, and Jim Rogers, Matt Simmons, Don Coxe and Marc Faber (among others) would agree, we are at the beginning of a secular market in commodities. I find myself nodding in agreement when Jim says he is the worst trader. By and large, I believe I have found stocks that have great prospects over the next few years, if not more, and are undervalued and have low P/Es. Moreover, the analysts on Wall Street aid and abett me by continuing to offer these companies' shares at low P/Es due to their unwillingness to readjust their targets for WTI crude in line with the demand/supply picture. I think that taking profits now and jumping back in in a few weeks will appear-in a years time to be nothing more than a blip on a chart. That said, I do have my protective puts in place as well as positions in Bear funds and precious metals. Have you taken some profits? David