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This Quarter's Sentiment:
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From the Blogosphere
Bookkeeping: Closing Short on SL Green (SLG)
Secondary Tidal Wave Continues as Insiders Unload, and Underwriters Cheer
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Can you hear the high fiving across Washington D.C. and New York? The plan is going splendidly - create nitwit stress test (that everyone passes and the students of the test can negotiate the rstuls) to create "confidence", allow companies to flood the market with stock at much higher prices (less dilution) [May 8: DryShops Joins the Dilution Parade], allow insiders to dump their shares on the public, and let the oligarchs profit with hundreds of millions of underwriting fees.
It almost feels normal again... Wall Street is back - business as usual. Now you see why there is good reason for ...
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Earnings of Note Monday-Tuesday
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Some names I am looking at early this week
Monday
Fund holdings - Baidu.com (BIDU) and First National Financial (FNF). The former broke through the 200 day moving average Thursday but I cut it down to 1 share on super froth. The latter has been stagnat the past 8 days, with each day an intraday low hitting the 50 day moving average. Very strange. I cut back a bit to a 2.5% stake since I have double jeopardy in these guys with FNF and FAF. I expect good things but the stock action has been weak"ish" and this is the more expensive of the two - not that it matters because nowadays all secto...
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Why I'm Shorting Commercial Real Estate
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<>It has been feast or famine for us in commercial real estate the past 10 weeks; we made some fantastic gains in February and took some egregious losses in late March and early April. Much of the chatter on the internet is HAL9000s across America (quant funds) took some massive hits in a very crowded (short) trade. This is an incredibly troubled sector, but when too many people are at the party, the fundamentals don't matter for a while and some epic squeezes can happen.
I've decided to once again try my hand in some REITs - we have had a 5 basket short portfolio. Two of those names are now a>...
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Bookkeeping: Restarting Some Commercial REIT Short Exposure
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It has been feast or famine for us in commercial real estate the past 10 weeks; we made some fantastic gains in February and took some egregious losses in late March and early April. Much of the chatter on the internets is HAL9000s across America (quant funds) took some massive hits in a very crowded (short) trade. This is an incredibly troubled sector but when too many people are at the party, the fundamentals don't matter for a while and some epic squeezes can happen.
I've decided to once again try my hand in some REITs - we have had a 5 basket short portfolio. 2 of those names are now ...
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