Revenge of the REITs - 135% return in a week.

Following up from my blog "A-REITs (XPJ) still getting hammered", the REIT sector has performed very strongly over the last few days.

Just to have a recap.....

"I am still of the opinion that large amounts of money can be made investing in the right stock at these historically low levels. GPT (at 27c) and GMG (at 16c) seem to be two of the better punts right now."

As of the close today, GPT was at 49c and GMG closed at 38c. This represents gains of over 80% on GPT and a whopping gain of over 135% on GMG. Not bad for a just over a weeks investment! This looks even better when you factor in that GMG actually closed down 1c today, after hitting a high of 42c.

As I said last week, buying the grossly oversold can lead to very large gains.