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  • As Building Slowdown Goes Commercial, Ultrashort Real Estate Should Speed Up [View article]
    Tony, this was a great trade
    SRS hit 120, 4 of the last 6 days and peaked at 128

    SKF is self explanatory, peaking at 150 yesterday

    I find it laughable to say it was not a good trade - I am out of both positions as of the good action yesterday due to Fed actions Sunday night but if you have a short term horizon (which I did) these were excellent protection as a hedge in the portfolio. If you are talking a 3 year hold, that's different. I now expect these to rally again, and until the government led bailout to buy mortgage paper direct they should continue to be volatile BUT things did change in the past week as the Fed now is willing to take on bad paper from Bear and backstop the investment banks as of Sunday night. But these were 2 very profitably trades, which I enjoyed!
    Mar 18 17:12 pm |Rating: 0 0
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