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

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To: James Kibler who wrote (1882)6/14/2000 4:30:00 PM
From: Richard Barron  Read Replies (1) of 2561
 
Jim,
GTA's action reminds me of TEE's just before it's dividend, but TEE is up 15% from that low in just 6 weeks. I was glad to see volume pick up today and a large block of 1300 and 9300 at 2:32 pm seemed to take the air out of the seller. I imagine 5000 share accumulation will drive the stock up 1/2 or more when the seller is gone. I may accumulate, but I won't be available for the next 2 days, so I'm hoping it doesn't move too much in the meantime.
Rich

It feels like CWN also, which couldn't hold the dividend coupon, but which started to run today.

It will be interesting to see if the momentum investors start to jump back into REITs. Todays action was definitely a buy on new highs for about 10 of the leaders, and then got very broad covering almost the whole sector. CEI didn't even move until after lunch.
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