Profiting from a Basket of Commercial Real Estate Shorts [View article]
A bit of a blind squirrel moment with KIM. It ended today only 7 cents off last friday's close. Had a big trip down and back since then. A lot of this market is just traders (and it is Trader mark after all). Nothing much fundamental changed for KIM since last Friday. I think a lot of the last leg down in the market and this bounce back are just people overeracting either way,and momentum pushing it all along.
KIM is in the mall biz, so some tough sledding, but a very well run reit and it got oversold. Could see it pulling back from here (short covering fueled some of this). But in the fullness of time folks will wish they bought some kim under $10.
Profiting from a Basket of Commercial Real Estate Shorts [View article]
KIM is in the mall biz, so some tough sledding, but a very well run reit and it got oversold. Could see it pulling back from here (short covering fueled some of this). But in the fullness of time folks will wish they bought some kim under $10.