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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (8835)	11/1/1999 2:16:00 PM
From: Q.	Respond to of 78628

Not only homebuilders, but REITS also appear to have reversed direction sharply in an upward direction. Here's a 1-year chart of a Vanguard index fund for REITs: quote.yahoo.com And here's a 5-day chart for the Dow-Jones REIT index: quote.yahoo.com^DJR&d=5d With a sharp bottom like that, there was probably no practical way of timing an entry very close to the exact bottom. I would guess that buying them now is still close enough to the bottom to provide some real value. I went ahead and finished taking positions in these sectors today, buying KIM as a REIT and following your suggestion with SPF as a homebuilder. SPF as you mention is not the biggest homebuilder, so I probably would not choose it as my only homebuilder, but since I already own most of the bigger ones, and it was valued below book, I thought I might as well include SPF, too.