[Closing Position In JER Investors Trust (JRT)]
Dear Member:
The $1.10 per share dividend in JER Investors Trust (JRT) is now locked in and is scheduled to be paid on Jan 30th. The share price is up as well and it looks like a good time to exit. I am placing an order to sell the shares at a limit of $11.70. If filled, and including the dividend, that will result in a gain of $2.35 a share or an overall return before commission of 22.5% on shares purchased just a couple of weeks ago.
I should note that I expect to be driving from snow country to a warmer clime tomorrow so I do not expect to send out a Weekend Summary for this shortened week. As I write, I see the major indices each turning down from a resistance so we could be looking at a little short term bearishness going into the new year.
Thanks for subscribing and have a Happy New Year!
Sincerely,
Bill Kraft
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