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: gregor who wrote (1873)	6/12/2000 10:56:00 PM
From: Richard Barron	Read Replies (1) of 2561

Gregor, I wouldn't worry about missing a call. You've had too many accurate ones before this. It's better to miss a ride than being in the wrong direction. If you ever look at the 30 charts for the NYSE each day in IBD, it seems that 4-7 of them are REITs. A few REITs are hitting new highs every day now. CEI just got upgraded by Merrill. The hotels are trading near their recent highs despite many downgrades to 'holds', etc. I think the Nasdaq is dead in the water for a few weeks/months since the volume is off 30 % from just 2 months ago. A lot of scared money might end up in REITs anyways. A break through 329 in the ^RMS will not have any resistance in sight for a few weeks, and REITs and utilities are moving in sync for most of this year. Still, until the ^RMS gets to 331, I won't be sure of which way they are moving. Most of the preferreds are trading higher also, despite rising interest rates. Curious... Richard p.s. If CEI continues to climb, the CEI A (Convertible Preferred) is a bargain as it is yielding near 11% and hasn't moved up nearly as strongly as the Common.

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