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Frank Pembleton

11/02/06 7:35 PM

#16968 RE: Frank Pembleton #16967

Why I sold...?

On average, 50% of a stock's move is the overall trend of the market, 30% is due to the sector-- the remaining 20% is attributed to good stock picking.

-- the trust sector, involves more than just individual investors. Think, mutual and hedge funds with long positions in both trusts and stocks with the potential of becoming trusts. Think, of the redemptions they must be inundating with. Think, about the liquidation that is involved with covering the cash demand.

-- the 3 phases of a companies life; growth, maturity and death.

Companies that have reverted to the trust sector were mature with possibly one foot in the grave.

As an investor you want growth, that it, that's all.

jmho.