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  • SL Green Realty Corp: Thank you Sinatra

    sinatra new york new yorkOn July 13th I wrote SL Green Realty Corp.'s 30% Fall Since June, Bank on Sinatra? when SL Green Realty Corp. (NYSE:SLG) shares had fallen close to 30% since June and trading around $19 a share. Pointing out that REITs had lost their luster, but what makes SL Green so compelling is its assets in New York, and they have some of the most valuable properties in the world a la midtown Manhattan. Checking back in on SLG today shares are at $28.83 a cool 54% increase in 16 trading days.

    Frank Sinatra once said “The best revenge is massive success.” SLG and other REITs have since mid July jumped on improved new-homes sales in June, increasing 11% in June along with existing-home sales rising 3.6%.

    As I said last month:

    sinatraFellow Masters, why I even bring SLG to your attention is that just like Frank, being early to the party with cocktail in hand is the way to taste sweet success.

    Masters, read Bloomberg's article SL Green Chief Sees Manhattan Office Market Recovery (Update1) for the full picture, but the point I am trying to make here is that SLG will be first to the party when the recovery hits and its share price is going right back up with it, thanks to the Big Apple.

    On July 29th SL Green Realty, New York's largest commercial landlord, said it had an occupancy rate of 96.2 percent for the second quarter. CEO Marc Holliday said he thinks the Manhattan office market could bottom out in 2010. SL Green's occupancy rate will likely fall to 95 percent by the end of this year and to 94 percent in 2010, Holliday said. The company's shares ended up 3.2 percent yesterday.

    Turns out, that was also the bottom for the stock, congrats to all who placed the bet and thank you for reading.

    Disclaimer: No positions in SLG.

    Tags: SLG
    Aug 05 11:28 AM | Link | Comment!
  • IN-N-OUT INVESTING for Week of July 27th
    Just a reminder that we pointed out the massive selling of SanDisk (NASDAQ:SNDK) and iRobot Corp. (NASDAQ:IRBT) after their Q2 Earnings Calls last week, SNDK has managed to gain back 9% since bottoming Friday and IRBT is still moving down.  Let's not forget that the Ivanhoe Mines (NYSE:IVN) talks with the Mongolian government resume today, its time for IN-N-OUT Investing.

    Masters keep an eye on these stocks this week, there are gains to be made with any bounce back or trend continuing down, but we think these bad boys will recover in the next few weeks for a few points (as SNDK has already done since Friday).

    Taking a position in SanDisk or iRobot is based on the premise that these two stocks are oversold whereas Ivanhoe Mines is trading on the media and coverage of the talks with Mongolia.  Its a roll of the dice for Ivanhoe but for Mongolia to demand more of a cut or make it harder for Ivanhoe is just bad business, but stranger things have happened, big business doesn't always win (does it?). 

    Review the following articles from last week if you missed them and add SNDK, IRBT, and IVN to your watch list:

    07/23/2009 - 15:56
    07/22/2009 - 19:04
    Happy Safe Investing!

    Disclaimer: Long IRBT, No positions in SNDK
    Sandisk Corp. $ 17.58
    SNDK 0.49
    Short Interest (Shares Short) 11,063,600
    Days To Cover (Short Interest Ratio) 1.7
    Short Percent of Float 4.97 %
    Short Interest - Prior 12,887,200
    Short % Increase / Decrease -14.15 %
    Short Squeeze Ranking™ 2
    % From 52-Wk High ($ 23.50 ) -33.67 %
    % From 52-Wk Low ($ 5.07 ) 71.16 %
    % From 200-Day MA ($ 13.07 ) 25.65 %
    % From 50-Day MA ($ 15.44 ) 12.17 %
    Price % Change (52-Week) 26.40 %
    irobot Corp. $ 10.61
    IRBT 0.09
    Short Interest (Shares Short) 1,982,400
    Days To Cover (Short Interest Ratio) 19.2
    Short Percent of Float 10.30 %
    Short Interest - Prior 1,784,400
    Short % Increase / Decrease 11.10 %
    Short Squeeze Ranking™ -55
    % From 52-Wk High ($ 17.62 ) -66.07 %
    % From 52-Wk Low ($ 7.00 ) 34.02 %
    % From 200-Day MA ($ 10.06 ) 5.18 %
    % From 50-Day MA ($ 12.72 ) -19.89 %
    Price % Change (52-Week) -27.60 %
    Tags: IRBT, SNDK
    Jul 30 2:42 PM | Link | Comment!
  • The Dream Cast for CNBC's 'FAST MONEY' fast money take

    CNBC's "Fast Money" just hasn't been the same since host Dylan Ratigan and contributor Jeff Macke left the show.  The Masters have been pondering who could replace them and what other hosts would investors like to see on the show?  The answer is simple, the new show should be hosted by the all knowing Papa Smurf, he can finally get the contributors under control.  To replace Macke it's the simple choice of Fred Flintstone and to heat it up, add in Skeletor and someone who they can all push around -- Beaker.

     Read the Full Article at - Thanks for Reading.

    Jun 30 2:24 PM | Link | 1 Comment
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