Friday, September 16, 2011

First REIT: Could retest 84c high.


Just like Cache Logistics Trust, First REIT saw its unit price moving higher on the back of higher volume in the last session.

Unlike my position in Cache Logistics Trust, however, my long position in First REIT is much larger and I stand ready to sell into strength if the opportunity presents itself.


It seems to me that First REIT's unit price broke out of an ascending triangle pattern. If