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From the Blogosphere
Cutting Back Commercial REIT Shorts, Again
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<>I am doing this trade over and over in the commercial REITs - every time they lift I'm shorting them, and they seem to fall 15%+ within 48 hours. Money.
I'm covering good portions of Macerich (MAC), Kimco (KIM), Duke Realty (DRE), and Prologis (PLD)... not sure what happened to the latter name yesterday but it imploded in the last 20 minutes of the trading day. Down another quick 6% this morning. So this "basket" was about a 6% allocation and I'll take it down to under 3%... and keep repeating this trade. We've already done it twice in a week. Duke Realty is almost at $5 so we might lose the>...
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Bookkeeping: Cutting Back Commercial REIT Shorts Again
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I am doing this trade over and over in the commercial REITs - everytime they lift I'm shorting them, and they seem to fall 15%+ within 48 hours. Money.
I'm covering good portions of Macerich (MAC), Kimco (KIM), Duke Realty (DRE), and Prologis (PLD)... not sure what happened to the latter name yesterday but it imploded in the last 20 minutes of the trading day. Down another quick 6% this morning. So this "basket" was about a 6% allocation and I'll take it down to under 3%... and keep repeating this trade. We've already done it twice in a week. Duke Realty is almost at $5 so we might lose the ...
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Profiting from a Basket of Commercial Real Estate Shorts
<>I created a 3 name basked of shorts in commercial real estatethat Friday [Mar 13: Bookkeeping - Beginning to Build a REIT Short Portfolio] - Kimco Realty (KIM), Macerich (MAC), and Duke Realty (DRE). All 3 have fallen 15% or so just in the 2 sessions since I shorted so I am covering about half of each - effectively this trio was a 5% exposure so I am cutting it to about 2.3%. I bought a basket because you never know which one is going to fall the most, but ironically they have fallen all about the same percentage. The only risk here is they fall below $5 and I can no longer put new short ex>...
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Bookkeeping: Covering Partial Short Positions
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I created a 3 name basked of shorts in commercial real estate that Friday [Mar 13: Bookkeeping - Beginning to Build a REIT Short Portfolio] - Kimco Realty (KIM), Macerich (MAC), and Duke Realty (DRE). All 3 have fallen 15% or so just in the 2 sessions since I shorted so I am covering about half of each - effectively this trio was a 5% exposure so I am cutting it to about 2.3%. I bought a basket because you never know which one is going to fall the most, but ironically they have fallen all about the same percentage. The only risk here is they fall below $5 and I can no longer put new shor...
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Bookkeeping: Beginning to Build a REIT Short Portfolio
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