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

To: Richard Barron who wrote (1319)	4/30/1999 9:28:00 AM
From: George T. March	Read Replies (1) \| Respond to of 2561

Hi Richard, Good to read your post. I agree on both ADC and OFC looking higher. My problem (which is the nicer of investment problems) is to do some pruning of the portfolio. I had the boat fully loaded on this last rally up and would like to cut back on the positions before adding others. I did buy more GTA because I think it is really cheap, but it continues lower. I noticed that TEE looks to have a bottom and I think it's only a matter of time before GTA turns around with authority. I agree that this reit rally has further to go after some back and filling. There is a lot of overhead resistance on most reit stocks, so I don't think we will see the same kind of movement up that we just experienced. I would guess that it will be more of a grind and will rely on the bond market and other cash alternatives. Someone wrote on another board that VP Gore was planning a no growth proposal as a part of his 2000 platform. If so, it could be a big help to exiting properties. I would appreciate thoughts on the above. Regards...George

To: Richard Barron who wrote (1319)	4/30/1999 12:51:00 PM
From: George T. March	Respond to of 2561

On second thought Richard, OFC looks too good to pass up. This looks like a good little company that is way undervalued. In this market it should be priced closer to its original issue price of $10. They are highly leveraged but that's okay with me because the BWI area rates it. Don't look now but REA is starting to make a move. It's next resistance is at the $16 1/2 area. Thanks for the OFC Richard...will probably add to the position of weakness is I get the chance in the next few weeks.

To: Richard Barron who wrote (1319)	5/7/1999 1:51:00 PM
From: George T. March	Read Replies (1) \| Respond to of 2561

Good call Richard! On 4/29 you commented on ADC, OFC, GTA, WDNpr and NXL. They were all nice calls and you deserve a "well done" from this Board! I took on a good position on OFC which has moved from 7 1/8 to 8 3/8 today. GTA did bounce from the 21 area to 24+ today. NXL has also move up nicely along with ADC. They were great calls at the time. OFC looks to have much further to go on the charts, although it will need time to consolidate. GTA is a nice company and should do well with the continuing growth of golf in America. There is a great deal of overhead supply in NXL, but the dividend is terrific and secure in my opinion. It will be interesting to see how the reit market acts during the next market correction. My guess is that it will go sideways and not give late buyers a chance to buy down. We'll see...meanwhile thanks for the posts. George