Quote:
Originally posted by Mike AI@Mar 17 2004, 10:31 PM
Serge I have been doing well in my REITS.
The ones I sent you 2 months ago, I am up 6.15% and have had some nice dividends.
Even MAC is up 5.59%
Did you notice CATS dropped, its going back up... I really need to start getting in and out, I know the movements so well.
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Mike, now we play against each other...
1) I sold 30% of my Fanie Maies today and have the LOWEST position in bonds EVER
2) bought some junk, just because 10% coupon is hard to pass by (PHK)
3) keep on adding to the short treas position
remember July/Aug and how fast rates moved up?
I don't wanna get caught with the pants down....the day Fed starts to tighten,
6% is what REITS be losing a day...I can't afford this gamble