Wednesday, April 30, 2008

Getting Long Ultrashort Real Estate.

The REIT ishares paint very similar picture to the retail holders. Commercial real estate will not be immune to the ills which infect residential. Many think otherwise, believing it's different. They always claim it is til it isn't anymore. Unfortunately by then it is too late.

Which brings me to back to one of my favourites the ultrashort real estate ticker SRS. Yes, some may be getting sick of seeing it but I am drawn back again. Hopefully not like a mosquito to the light !
I am getting long 1 unit of SRS at $84.05 with a stop at $77.64

Housekeeping notes I was stopped out of 2 units longs of UGA yesterday at $54.20

Good Speculating to you all.

Open Positions:
Long 6 units Currencyshares Japanese Yen ticker FXY @ $88.55 stop at $91.40
Long 1 unit Allis-Chalmers ticker ALY @ $14.45 stop at $12.64
Long 1 unit Frontier Oil ticker FTO @ $27.90 stop at $24.64
Long 1 unit Ultrahort Real Estate ticker SRS $84.15 stop at $77.64
Short 2 units Daimler AG ticker DAI @ $86.20 stops at $82.48/$81.38
Short 2 units Darden ticker DRI @ $34.55 stop at $37.18
Short 1 unit Brinker Int'al ticker EAT @ $21.25 stop at $21.14
Short 1 unit Retail Holders ticker RTH @ $97.95 stop at $100.44

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