2houndz

Credit Cards, Guns and Ammo: Thanks, Washington

You mean that I can now defend myself against grizzly bears when I visit Glacier National Park? You are right - no American should be able to do that.

Profiting from a Basket of Commercial Real Estate Shorts

But exactly the same thing happens on the gaps down if I'm in a long position. It is neither evil nor magical. Those gaps are why I haven't been holding overnight lately on either side of the trade.

Profiting from a Basket of Commercial Real Estate Shorts

Centvalu - as long as one uses an intelligent stop loss strategy I can't see much difference between trading long or short. Both directions scare the hell out of me right now, so if you can stay long OR short for any length of time, kudos to you. It makes me too nervous. I used to be a swing trader. Now it's mostly intraday trades.

Mark - good info as usual. TCO has also had some good price action lately. I ride it up, then I ride it down.
KIM is a well-run company with limited exposure to "aspirational" retailers, so in the long run I hope they are OK. Their occupancy has been so high for so long there's no wonder this has been painful for them. Milton Cooper is one of my heroes in a business where very few have earned real respect.

COF - I saw an article yesterday stating that credit card debt was only paid down 17% in January, as opposed to 20.5% being typical for January. The way I understood it, a significant amount of debt was carried over into January as compared to normal, suggesting more people are unable to pay down their cards. Mark, since you have a short position here, did you see this and can you opine? Did I understand it correctly? Thanks

American Express Is Now a Bank

Just to make a footnote in history to my superior predictions above, GE received FDIC guarantees today.
I'm not sure whether to gloat or throw up.

American Express Is Now a Bank

Great - Who's next? GM loans money. GE? They have a huge capital arm. Maybe they should be a bank. Can the REIT's qualify as banks? They were added to the no-short list along with the financial stocks, so they are halfway there.

BTW - I hope this clueless blogger above is not the real Obama. Why would someone post such a strong opinion when he clearly has no idea what he's talking about? Not even a vague concept of how business works. Hey wait a minute - I wonder if he really IS the Prez Elect?