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

To: David Culver who wrote (76)	4/9/1998 6:59:00 PM
From: WINDSURFER50	Read Replies (2) \| Respond to of 11633

There's a new thread starting up and you might post a message there if you want to talk about instalment receipts: exchange2000.com Does anyone find that the whole Trust/REIT market is down right now? The Globe's recent article about bidding these stocks down as they approach their 2nd instalment/payment date seems to have given people the idea that this is the right way to play them. One, for instance, that I own, is the CAR.IR which is coming up to the 2nd instalment at May 21st ($4.00) and it is slowly but surely being reduced to the low $6.00 mark from a high of $7.40. I've owned it since the IPO but if I had nimbler fingers or better smarts, I would have dropped part of my holding when it was in the $7.25-$7.40 range, knowing that in the critical 8th to 11th month just before 2nd instalment-due, it would inevitably drop in price. The infinite wisdom of hindsight ! Another one following this trend is HOT.IR, having dropped from highs in the high $9.00 range (actually over $10.00) to a current trading range of 8.70 - $9.00. Note that this stock was the 2nd highest volume trader on the TSE yesterday with over 5 million instalment receipts trading! HOT.IR had been getting some good reviews lately on TV (NBN - Nightly Biz News) and in the Globe but nonetheless, the $8.75 price is a little disappointing, given that it is touted at the hotel REIT with the best chance for growth because of its positioning strategy.