The only remaining shorts I have, at the moment, are long (FXP: 89.31 +2.73%) and (SRS: 94.21 +2.42%), short (DECK: 115.46 +0.09%). I am 40% cash. In case anyone was considering following my trading, I give you this reminder, courtesy of www.someecards.com:
and here’s another one that “The Fly” could use:
Gunners, what do you think of RSO?
April 24th, 2008 at 12:39 pmThey buy loans on the secondary markets. they don’t originate their own. Similar profile to JRT. I have worked with JRT before and know they are a good firm. I haven’t worked with RSO. however, it looks as if RSO’s stock is performing better over the last month. With the dividend they pay out, it might be a good buy.
anyway, firms like this have been buying up CMBS at record yields and should realize some great profits from them, considering that virtually none of the paper they are buying is going into default.
April 24th, 2008 at 12:57 pmThanks, Gunners. I think RSO’s default rate is 1%. The div is attractive, too.
April 24th, 2008 at 1:49 pmDECK - I like the idea of the short. Are you going to initiate it before earnings?
April 24th, 2008 at 3:09 pmI have May $110 puts. It’s a gamble, but one I like. If AAPL guided lower, what are ugly furry winter boots going to do?
April 24th, 2008 at 3:11 pmI’m thinking about going long some DECK.
April 24th, 2008 at 3:34 pmthis i don’t like to hear Ragin Cajun,
but I’m sticking with it, because it’s pretty much too late.
good luck, sir
April 24th, 2008 at 3:57 pmgoddamnit
April 24th, 2008 at 4:05 pm