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

To: Madharry who wrote (36947)	3/11/2010 9:34:06 PM
From: E_K_S	1 Recommendation Read Replies (1) \| Respond to of 78750

Hi Madharry - Those preferred REIT shares were a once in a life time buy and thanks goes to Grommit for bringing up the different value buy opportunities in the eye of the financial credit storm last year. The easy part on the preferred shares is once they reach par (for HRP par is $25.00/share) the upside is capped. You basically hold the shares for their yield. Since I have been harvesting my capital losses (sell & buy back in 31 days), I need to recognize LT capital gains. You should have a big winner with Gulf Resources, Inc. (GFRE) if you held on to the stock. I passed in 2008/2009 when I should have at least taken a starter position. This is a true multi-bagger. You get the congrats for staying with that trade. Just be sure to exit with your seed money and periodically take some cream off the top too. I left a lot of money on the table with my DRYs position. I got my seed money out and a little bit more but rode the roller coaster "E" ticket ride from $9.00/share to $130.00/share back to $6.00/share in 48 months. It does feel good to pocket a bagger from time to time but there is never an easy "sure" value trade as you know. EKS