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: Grommit who wrote (2499)	2/4/2004 2:00:57 PM
From: Richard Barron	Read Replies (1) of 2561

Grommit, Well done! You are absolutely right that I have no idea where the REITs are going and advised caution and disbelief on this long climb. On the other hand, until the channel is broken, it will provide gains by accumulating on the dips. REIT corrections tend to have momentum players lining up to sell at the same time, with fast drops. I wouldn't be surprised to see this again, though who knows when. Usually they are moving into some other type of investment. The stochastics are showing weakness, as yesterday set a new stock price high, but wasn't confirmed by the momentum stochastics. Based on this, I think there is a higher probability (50%) that we have seen a short term high for at least a few months. That said... Richard

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