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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 (602)1/27/1998 11:22:00 AM
From: Richard Barron  Read Replies (1) | Respond to of 2561
 
Peter,
Yes, but I'm cheating since I see it's up 1/2 today. It was upgraded a week or two ago by Merrill and then downgraded yesterday. I don't know who is more powerful, but Merrill is usually a pretty strong influence. They downgraded TEE about 6 months ago near 35 and it hasn't stayed above 33 for more than a day since. FCH was upgraded one day and downgraded the next and the downgrade seems to be winning. Good buy in the 35-36 range, sepecially after good earnings.

Lots of REIT's taking one day dives and then recovering 2-3 % in a day. CLP, FUR, GGP,HME, etc.

CRE, HPK, CNT, MRR are among ones low right now
Richard