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Cohen & Steers Quality Income R Message Board

  • duckislandcove duckislandcove Jan 12, 2012 4:19 PM Flag

    RQI forecast

    On a previous post by Roadhorse back in October' 11, I recommended that the person by the RQI then at the mid $7s and sell the other portion he had purchased at the $15 level after the 31 day rule...I projected RQI would hit $9 by the end of December 11 but I was off by two weeks and 4 cents since it hit up to $8.96 January 11...Looking at technicals and charts now, I see increased volume has slowly been melting this fund up and I believe that we will hit the $9.20s level within a couple of weeks....if their is up volume breaking thru that $9.20 area, we will definetly go up to the $10.29 in a very short time....if low volume brings us to the $9.20 level, we will correct back down to the low $8s....FYI for those who might want to trade this fund.....any opinions?

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    • I hope for all of us that my forecast remains on target....I was a couple weeks late in calling my target number back in October but my most recent prediction appears to be on target. Need to see if this fund breaks the 9.20 level with better than average volume which is about 260,000 shares daily and we will see this thing run up to the 10s quickly..the next target would be to break with higher volume the 10.50s level...after that it would be all clear to go up to the 12s before there is a correction back to the low 10s or high 9s..the REITS that this fund is invested in are already getting some increases in rents which will probably amount to increasing the dividend later this year or getting capital gains at the end of 2012...I hope the other person took my advice to buy when this thing was in the low 7s back in October 2011...he would then be sitting on nice capital gain while selling the other share he owned for a tax writeoff..

    • That's good forecast. Unfortunately it did not go high. So what's next?

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