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

To: Bread Upon The Water who wrote (7690)	9/28/2004 1:12:35 PM
From: Tommaso	Respond to of 11633

So far, the only thing I have read is that any foreigners who are forced to sell will be those with the most recent purchases. I have positions that I have had for up to five years, so to me it makes sense to hold onto those.

To: Bread Upon The Water who wrote (7690)	9/28/2004 7:13:39 PM
From: Taikun	Respond to of 11633

William, I think both you and Tommaso are right. We need an alternate strategy, both for yield and sector exposure, in the event this gets ugly. A few manistream news stories on this could spook the US investor temporarily into reminding them the perils of foreign investing-into which they could lump Canada-and result in a painful selloff on the margin. At the same time, in a practical sense, most of these CRTs should still be under 49% non-resident (although the recent runup worries me there may have been big moves by hedge funds and others, listening to the CRT conference calls recently yields questions from money managers who don't sound Canadian-I'd peg a lot of those accents as NY. At he same time, if liquidity drops to the detriment of the CDN junior O&Gs you could hear some backlash from the industry.