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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)5/18/1999 3:56:00 PM
From: gregor  Read Replies (1) of 2561
 
Richard :

We have a classic case of buy on rumor (whiff of inflation ) and sell on the news. *((confirmation by the Feds of a tightening bias ))*.

All last year we bucked the trend of lower rates but then were redeemed by the latest rally. A 315 on the rms is no sweat IMO and will see it this week if ever. A 310 is a more serious intermediate test but still confirms a bullish bias and a retest of a 350 rms.

Gut reaction is that we not get a suckers rally but an entrenchment and confirmation of a bullish trend. Say we are getting a wiff of inflation; no other place I'd rather be than in REIT's. Historically they do well into the third fed rate increase and we haven't had our first yet; only a tightening bias.........
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