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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 (2493)1/5/2004 10:54:37 PM
From: Richard Barron  Read Replies (2) | Respond to of 2561
 
Gregor,

REITs are definitely overextended.
Still, I wouldn't be shocked if they ran another 5-15%, but I will be bailing out if they run 15% more.

Still, the chart is a great channel, with lots of strength.
I'm scared that there are no short term corrections of 5-10% occurring. Waaayyy to much confidence and fearlessness on the S&P and REITs.
Oh well, enjoy the ride.

Jim,
Thanks for the holiday wishes. I was out of town on a cruise. Too decadent for my lifestyle. Way too much food. I got a lot of reading in, although I could have enjoyed that as much at home.

Hope your holidays brought you a lot of inner peace!
Richard