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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Condor who wrote (30547)6/29/2005 10:01:39 PM
From: Cogito Ergo Sum  Read Replies (3) | Respond to of 314043
 
and get farked Oh like me you mean :O)

C, see just how hard this net communication stuff really is without the accompanying visual and body language ?

I dunno if I'd buy here... tough call... Viking just made an acquisition but I've not digested it yet.. Maybe an offering in the works... I dunno as I have not read up yet.. AY.UN has become SPN.UN and is displaying some weakness and high volume because US investors got farked in the merger. Apparently they get/got cash (again no time to read up lately) and took a 15% withholding tax hit.. ouch... Taikun could fill you in as he must be one of he sufferers..

Remember the trusts are really set up for Canucks. I like the SPN incarnation and depending upon how much the spin off explorco coming the way of the AY.UN holders (like me :O) is valued at it is trading at a discount due to US selling...

I'm still in the 'we need a sharp oil correction camp' BUT with the Toronto Heatwave... I dunno...

I like what I'm holding, SPN.UN and VKR.UN (OK a tiny bit of NVG.UN too which was a mistake) but the other two are relatively substantive for me. With the yield I get I'm in no hurry to worry about volatility... They make great dough @ 45$ oil and I think the sharp correction I'm hoping for will be a great buying opp...:O)

The Stockhouse $trsts board has active pertinent discussions on both.. BTW I'm down to 5% cash... so I cannot buy much of anything right now.... There are other good choices but I made rather large bets for me in both VKR and SPN(AY) so I'm loaded and not looking currently... I've bought nothing but PM's except for adding 5K of CPT @ .63 a while back LOL...

Buying trusts here depends on where you think oil is going ... and whether you need the money liquid... The two I own are good LT holds I think... I'm less familiar with SPN as I was an AY holder... I think VKR has been a great turnaround story ... and will be as long as management doesn't get greedy...
stockhouse.ca
Many decent posters on the Stockhouse board view SPN as a buy at these apparently US seller depressed prices... I'm leaning to gold juniors for action right now...

K the Masochist... (CPT...)