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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 (1339)5/14/1999 9:28:00 AM
From: George T. March  Read Replies (1) of 2561
 
Most of my Reit stocks looked to be making some sort of a top in here. I don't think that it's anything more than an intermediate to short term correction, but I like to sell something just to keep the discipline and to have some cash available for buying the dip. Sold the CTR and a few insignificant others. Did buy MT, as I like their plan which they executed without tormenting too much about the taste of the punishment including paying 25 mil to the ex-pres. I don't think it has much downside as the chart looks good.
Got and read the annual report for OFC which I was surprised to find is the same people who made FR and TRI successful reits, namely Jay Shidler. Again, the base looks to be in and solid on the chart and it would be nice to see it back and fill to the $8 level in this correction. It is well followed by the street with BT Alex Brown, CIBC Oppenheimer, DLJ, Janney Montgomery Scott and Johnson Lemon following most with BUY recommendations from lower prices.
One stock that did not participate in this reit rally is COPI, the Crescent Operating company. If anyone is familiar with the fundamental of the company, I would appreciate any info. Thanks..
George
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