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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend -- Ignore unavailable to you. Want to Upgrade?

To: Richard Barron who wrote (1843)	5/25/2000 10:12:00 AM
From: shasta23	Respond to of 2561

>>I could have held for the dividend, but I'm not too greedy and love to get 6-7% gains in 3 weeks. That is the ideal sort of trade for the dividend.<< Your modest stand in strong contrast to the overall greed in the market. The REITs seem to be a lower risk environment too which attracts me. THe volatility of the tech sector is seductive and scary at the same time and i'm looking around where to go to make a return without loosing too much sleep. I'm going to look into REITS but will have to study them for some time before really getting into it. Thanks again... Stefan

To: Richard Barron who wrote (1843)	5/25/2000 2:27:00 PM
From: gregor	Read Replies (1) \| Respond to of 2561

Dear Richard: I'm not quite sure but it was around ^rms 228 that I got out of the sector. I do still have some UDR that is holding up very well. I've now been out approx 4-5 weeks . I thought higher interest rates would start to take a toll on the sector , and I'm still not sure what it is holding us down but I do look for more weakness in the next 3 to 4 weeks. I did have this theory that investors were entering reit's as an inflation hedge and that once some accumulation had taken place that monies would rotate into gold, so I took a sizeable gold position. That theory seems very 'sifty' (lots of holes) right now; although I'm only down 2% in gold. Been watching the euro like a hawk, against the dollar. Still think there is more downside to the euro, but that when(if) the euro reverses we will get some europeans putting more into gold, as an international hedge to their currencies. Have no way of knowing how many europeans buy reits in USA but if they have been net buyers the euro reversing will cause them to cash out leaving us more on the downside. Summation: I haven't a clue as to what is going on, and I don't think anyone else does either; that said I think we have seen the highs in the reit sector this year; but another buying opp will come after we break 290 on the ^rms. Look at it this way, there are tons of cash waiting on the sidelines. When this bear is over money will be pouring into the tech sectors to bid up the beaten down techs; so where is the money going to come from to bolster the reits......gregor but really ( what do I know ).....