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

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To: Richard Barron who wrote (1319)5/7/1999 1:51:00 PM
From: George T. March  Read Replies (1) of 2561
 
Good call Richard! On 4/29 you commented on ADC, OFC, GTA, WDNpr and NXL. They were all nice calls and you deserve a "well done" from this Board! I took on a good position on OFC which has moved from 7 1/8 to 8 3/8 today. GTA did bounce from the 21 area to 24+ today. NXL has also move up nicely along with ADC. They were great calls at the time. OFC looks to have much further to go on the charts, although it will need time to consolidate. GTA is a nice company and should do well with the continuing growth of golf in America. There is a great deal of overhead supply in NXL, but the dividend is terrific and secure in my opinion. It will be interesting to see how the reit market acts during the next market correction. My guess is that it will go sideways and not give late buyers a chance to buy down. We'll see...meanwhile thanks for the posts. George
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