REITS - Buying 1 - 2 weeks before going ex-dividend Message Board

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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend

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To: Richard Barron who wrote (1360)	6/14/1999 11:11:00 AM
From: gregor	Read Replies (1) of 2561

Dear Richard: I guess it is all in the way things are perceived. Can we see what we are looking for and not much more? I hope not. I'm looking at a double top on the RIX, and a third attempt to break a support level at 240. If we break the support which I feel we will, it will either take us lower to 230 or place us in a trading range around the 235 240 range. Long term interest rates are headed higher in the short term, a negative for reits. I 'm not saying that there are not many attractive buys in the sector but I was playing the sector by way of FRESX and VGSIX. All of the major holdings in these two funds are trading at fairly lofty pe's and the yields are all in the 5-6% range which is what we can now get out of bonds. I guess in summation I'm looking at the risk compared to treasuries, and after a rise from 280 on the RMS where I got into the sector getting out at 317 is not too bad in a several month period. Check out WDN preferred C for an 11% return if you are investing in individual issues, I'm in agreement that there are still many great returns available,,,wish you all the best...gregor

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