i bought 5,000 shares today and can afford to hold for a while....anyone think well hit the all time highs before the year is over.....
has anyone done the math if the Dow gets back to say 12,000 by december....where does that put URE? 20?
The Fund Timer newsletter analyst was calling for two profit targets between $6.88 and then $7.99. Then they'll decide what to do about holding longer.
They've been very good with their market calls, and I'm not sure how they pay themselves, but the newsletter is free if anyone is interested at www.thefundtimer.com. Very nice folks, and you can ask the Chief Analyst questions and if he's able to answer them legally, he does.
Just my 2 cents. I bought on Monday based on their rationale, and will wait for them to publish the final targets this weekend.
Honestly, today is kinda very risky entry point in my opinion. IYR (what URE is based upon) has gone up 30% in last 3 weeks. I was looking at buying this at $ 2.90, back on July 10th but unfortanetly I didn't.
IMO, appreciation is mainly being driven by SRS liquidation so when does that end??? Not saying you don't have a winner here or that it couldn't just keep going up, but if you want to play this long term I would buy into it in phases. Or if you really feel strong about long term, just be prepared for the dips. Given the decay nature of URE, if you believe in the longer term CRE picutre, you will probably be better off buy purchsing Leaps or long term out of the money calls on IYR. If IYR corrects 10% (which is reasonable given the run you are going to be down 20%). Back and forth up and downs will erode your position. Be sure to fully understand the daily reset issue of URE and how that works. BTW I have no position in IYR or URE. IMO you are buying near the top of the largest rally in the history of the market in the shortest amount of time (other than maybe 12/99 to 3/00). Is it the start of a new bull mark or the final stages of a Bear Market rally???? I don't know.
This is actual honest advice. I wish you well.