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

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To: Lee Bush who wrote (1875)6/13/2000 8:54:00 PM
From: Richard Barron  Read Replies (4) of 2561
 
Lee,
I bought GRT in 4 or 5 accounts between 13-1/2 and 13-11/16. I will ride some out until the last week and decide if it is making a climax run. I will put a trailing sell stop in at 13-15/16 on one or two of the accounts and move it up as GRT continues to climb, so I can be sure of making at least 2% in 2 weeks. I will sell some if it gets to 14-15/16 again. I loved the volume at the end of last week, and it is above it's 200 day moving average again, so this may be the start of something good.

I just bought some GTA at 16-1/16 today, as it's dividend should also be go ex- around June 28 and it is trading at the low end of it's range. They should be announcing the dividend soon.

Richard

p.s. Today's ^RMS move was decent considering that money was flowing back into high tech and the Nasdaq is going to try to break through 4000 again. The Nasdaq volume was pretty light today and doesn't appear to be strong enough to launch much of a run. The ^RMS has peaked it's head above the 328 resistance and should quickly show if it is a new move, or a fake out in the next 2 days.
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