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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 (574)1/8/1998 8:14:00 PM
From: Richard Barron  Read Replies (2) | Respond to of 2561
 
Peter,
All bets are off if the employment # is strong (i.e more than 275,000 new jobs and another 1/10th clipped off the unemployment rate)

Otherwise BNP should bounce 4-8%. Most of the stocks that were driven down in anticipation of a secondary recovered, with the exception of HPT which announced another one twice it's size. BNP has strong support just under 14.

SSI dropped big time today and is on the radar. Same with DDR, though I prefer DDR since it's not in hotels, which are still struggling. PAH is still cheaper yet. RFS is unlikely to come down that much.

OAS is a good buy at 21-3/4, but has very little upside since the merger at 24 has been announced and it may take 3-6 months to get your 4-5%. The downside risk is also minimal.

Richard