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

To: gregor who wrote (1873)	6/12/2000 10:56:00 PM
From: Richard Barron	Read Replies (1) \| Respond to of 2561

Gregor, I wouldn't worry about missing a call. You've had too many accurate ones before this. It's better to miss a ride than being in the wrong direction. If you ever look at the 30 charts for the NYSE each day in IBD, it seems that 4-7 of them are REITs. A few REITs are hitting new highs every day now. CEI just got upgraded by Merrill. The hotels are trading near their recent highs despite many downgrades to 'holds', etc. I think the Nasdaq is dead in the water for a few weeks/months since the volume is off 30 % from just 2 months ago. A lot of scared money might end up in REITs anyways. A break through 329 in the ^RMS will not have any resistance in sight for a few weeks, and REITs and utilities are moving in sync for most of this year. Still, until the ^RMS gets to 331, I won't be sure of which way they are moving. Most of the preferreds are trading higher also, despite rising interest rates. Curious... Richard p.s. If CEI continues to climb, the CEI A (Convertible Preferred) is a bargain as it is yielding near 11% and hasn't moved up nearly as strongly as the Common.

To: gregor who wrote (1873)	7/28/2000 4:56:23 PM
From: Richard Barron	Read Replies (2) \| Respond to of 2561

Gregor, It looks likely that the ^RMS will re-test it's all time high in the low 360's. I imagine that some profit taking is in order as it is way overbought. EPR is interesting. It was around 12 a few months back when a large institutional investor was plain old dumping. I spoke at length at the time with the CFO who assured me that everything was going fine and they were pretty much all stadium seating. One of the movie houses was going to default on some notes at the time, but EPR didn't have any theatres leased to them. I don't know what's up this time, but given the REIT rally, this one has big problems or is an incredible buying opportunity. I need to make a call again and find out. Richard