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Strategies & Market Trends : Point and Figure Charting

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To: Al Serrao who wrote (6812)	9/4/1998 5:59:00 PM
From: HoodBuilder	Read Replies (1) of 34809

Al, funny you mentioned the REITs. I added to an already large position today as my favorite (PEI) in now paying a 9.7% dividend. This is a very conservatively run Trust and the $1.88 on a 19.25 stock is almost a crime. The REITS have been battered with the rest of the market but be careful there are plenty that have high exposure to a RE market softening, particularly the "NEWER" issues, like Equity Office,Liberty Property Trust and Brandywine R.T. I mention these because they have a substantial presence here in Philadelphia and as a commercial broker I can tell you they are paying too much for inventory. I don't mind selling them product at rediculously low cap rates but I wouldn't buy them with your money. PEI ,OTOH is decades old and concentrate on sun belt multi family and shopping center/mall properties. The P&F chart on PEI looks terrible but having owned this stock for years and years I feel comfortable buying at this historic low level Do your own research and make your own decisions.

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