[Buying Crescent R.E. Equities (CEI)/Day Order/Limit $20.75]
Dear Member:
I like Crescent Real Estate Equities (CEI), a REIT whose portfolio includes Class A office properties, business class hotels, luxury resorts and spas, and residential developments. It has been paying dividends at a rate around 7.2% and last announced a dividend near the end of January so I wouldn't be surprised if another is announced towards the end of April. The stock hit a trend line dating back to October yesterday and bounced today. Shorter term stochastics have turned up.
I don't expect a giant move in this stock, but rather am looking for some modest appreciation along with a decent dividend if I am in the position long enough.
I like the stock at $20.75 or better.
If filled, I would place my initial exit around $20 in the event the stock turned down.
DISCLOSURE: At the time of publication, I have no position in CEI.
Sincerely,
Bill Kraft for
Makin' Hay, Inc.
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