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

To: Paxb2u who wrote (563)	1/7/1998 1:41:00 PM
From: blankmind	Read Replies (1) \| Respond to of 2561

Peter, -- You're doing exactly what I'm interested in. If I have the time, I'll put your symbols in a lotus spreadsheet with the important dates. And I'll send it to you via an e-mail. -- Could you keep us posted on what you do. -- Obviously, you're trying to capture the dividend. But you're also trying to not get clobbered with a price drop, commissions, and the spreads. Thanks.

To: Paxb2u who wrote (563)	1/8/1998 1:14:00 AM
From: Richard Barron	Read Replies (3) \| Respond to of 2561

Peter, I bought ENN today, since they had $600,000 or so of insider purchases at 15-1/16 recently. I will wait for Friday's employment report, before doing any short term trading. A correction of 5-10% may occur if the employment # is too strong. Almost all of the ones you listed are up 5-10% from 2 weeks ago or less. AML was at 22-1/8 just days ago.BNP is probably the only one near the low and just had a secondary. It hasn't grown FFO in years, but now that they are diversifying, the street has shown some confidence in them. It's a decent trade, but I'm leery of long term before they produce results. blankmind, I have a spreadsheet in Office 97 professional format with about 200 REIT's and 2 years of data, if you want to save yourself some effort. JAMS has declared the dividends in months 1,4,7,10 between the 22 and 28th for the last 7 quarters with the dividend date being in months 2,5,8 and 11 between the 2nd and 9th (less 3 business dates). I'd expect the announcement around the 24th of the months. With all the pressure on hotel REIT's be careful. PAH is one of the 2 leaders of the pack (HOT is the other) and PAH didn't hold support today and HOT is pushing back the ITT merger by 2 weeks, which is no big deal, but the street gets antsie sometimes. ENN, FCH, HPT are others trading near lows. JAMS rebounded from 11 in the last 2 weeks and may go back there soon. Richard