I added to my position in SRS @ 51.95.
DT mentioned EEV, which I also like, but decided to go with the old friend, SRS. Some of theses REIT names have been absolutely on fire, the deserve to trade down.
Also, take a look at the oil names being shot, I like a bunch of them short– paired with DXO of course. Don’t forget coal, just the other week JRCC was in the low single digits, no way it belongs where it does.
How about HANS short? Fly ping’d me the other day sayting it might be time to short HANS, due to the distribution deal with 180. That stock has been on fire as of late.
Case in point: Shit has been flying, time to take ’em down.
Note: don’t forget the line in the sand.
Note II: Jobs report on Friday, I expect weakness until the numbers are released,
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i miss the days when SRS would jump 20 pts in an hour for 3 consecutive days in a row.
Through 920, oil weak, my RIG short is working, finally.
it’s amazing the strength in the REIT names, i may have to cut and run.
EEV outperforming my SRS, DT wins again.
I hope you are still watching the refinahs.
And not just from outside your window in the bayou, I mean.
________
IYR — controlled by the Mob.
Long term — they are going down. In concrete shoes.
What SRS is telling us to expect:
–Consumers will be bypassing retailers and handing their new stimulus checks directly to mall owners
–Infrastructure dollars will be used to close all mall exits and to continuously add mall parking structures to accomodate the growing number of trapped shoppers
–Every American soon will be wearing $5.00 purple rubber wristbands purchased in support of the Save the REIT Foundation.
commercial real estate is fucked…..every tenant is renogotiating leases if not packing up…balance sheets will not look good….
HANS short was my first trade 09. Working well so far.
ott –
HA!
HA! yourself. Saving the REITs is no laughing matter. I’m wearing 12 SRF wristbands on my right arm and 15 on my left. I’m beginning to think that putting 2 more around my neck wass notsuc h a g ood ideeeeeeeeeeeeeeee
One ottnott play with autoeREITic asphyxiation, ottnott.
RC – what is the 180 distribution deal? I’ve done some pecking around the web with no luck finding recent news.
It will be interesting to see how well Monster sales hold up. If they do okay without a big increase in marketing cost, the company should benefit from substantial reductions in input costs.