Custom Search

Friday, February 20, 2009

Commercial Real Estate, IYR, SRS: Prepare for Despair

Commercial Real-Estate: It's time for that beautiful, really large, RED capitulation candle. Prepare, for despair!

Last mentioned in Commercial Real Estate, IYR, SRS: Pending Disaster.

8 comments:

Anonymous said...

One hopes that rents will decrease.
And that the cost of housing declines for a while.
Both of those have been going up throughout my life, so it is about time....

DiverCity said...

I'm despairing because SRS has petered out today for no apparent reason, to me anyway. It opened up gangbusters but showed weakness very early on. Any thoughts as to why? Is CRE coming back with a vengeance? Is it the uptick in CPI? Very curious....

CodeMonkey said...

Fuck.

Yeah, much despair here as well...

Anonymous said...

"Prepare for despair"...has a ring to it, does it not?
From the WWF, isn't it?

Anonymous said...

Hmmmm...ninja message wasn't delivered. Seems like someone thought the REITs were a big buy today. Very strange, and extremely annoying. Somehow I don't think that Ben considers that opening print of 88 to be the "big red candle" I was looking for.

Anonymous said...

SRS was the victim of options volitility IMO. Should be off to the races soon..

Anonymous said...

Thanks again Ninja, I have been buying July calls on SRS below 20 and selling around 30. Some very nice banking done there. Still have a small core position (one !), but would really like a reload !
I don't know if it came from you, but I am short SPG. How do you think regional malls are going to perform in this environment ??!!
Josh

Jerry Gene said...

I really like your writing style. Nice Post keep it up.

Asus - 15.6" Notebook 4 GB Memory - 500 GB Hard Drive - Black

Asus - Eee PC T101MT-EU47-BK Net-tablet PC - Black