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Strategies & Market Trends : Crescent Real Estate Eq (CEI)

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To: mattie who wrote (10)1/16/1998 2:03:00 PM
From: Richard Barron  Read Replies (1) of 27
 
Mattie,
Good results for your patience.
I got in at 35-3/8 and 36-1/8. I'll sell 2/3 of this if we get above 40 and stall out, and then buy back below 38. I see all these estimates for $2.60 FFO for 1998, but I wouldn't be surprised to see if closer to $2.80-3.00. If so, the stock should be able to support $38-45 in the first half of next year.
Richard
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