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

To: Dave Reed who wrote (2451)	6/13/2003 11:52:45 AM
From: Richard Barron	Read Replies (1) \| Respond to of 2561

Dave, REITs are very pricy. I thought this when the ^RMS was at 450 also, though it is showing very strong top signals now. The fundamentals don't justify these prices. On the other hand, with low interest rates, many investors/traders keep coming to REITs for the yield. I would suggest selling 1/3 of KIM if you are worried about losing your profits. It is a great company and should do fine long term. I am not making many new investments in REITs these days as they are too rich. I did buy a tiny amount of PEI around 28.30, but that is all.