Closing SL Green Short as the Fed Rewards REITs [View article]
I sold SL Green at a nice profit when the dividend was lowered to .10, and because there are too many shorts in the REIT. It wasn't worth the risk to me to hold it for such a little dividend and have to worry about the shorts eroding the value besides.
What happened to the reinstatement of the uptick rule?
IMN Real Estate Forum: Opportunities to Invest in Distressed Commercial Real Estate, Part 2 [View article]
Pennsylvania REIT (PEI) is going to put a Foxwoods slot parlor in their Strawbridge building in Philly, Philly City Council just passed zoning change a few days ago to allow gaming at the site.
This is a decent report, but we are given ratings without any insights on what's going on with each REIT, so the ratings are relatively useless. Readers of this article might want to invest in PEI if they were aware of what's happening at Strawbridge, but this article gives PEI a negative rating and leaves the reader clueless to the fact that PEI might be a good investment opportunity with a Foxwoods partnership, in addition to the other properties they own.
FAS/FAZ: Dangerously Crossing the Ultimate Pairs Trade [View article]
Thank you, zekeko, for taking the time to explain to me what the author meant. It's certainly going to be an interesting trading week!
The only thing I am confused about is when you stated that FAZ/FAS shouldn't be used for making money, just hedging. Isn't the point of doing the trade 100 shares FAZ, 100 shares FAS for making money like the straddle you described. If the trade was 200 shares FAZ, 100 shares FAS, then I would have a short bias with a long hedge.
If I held FAZ because I own REITS, then FAZ would be a hedge, but if I day or short term traded FAZ, I would be making money (hopefully) on a directional trade.
FAS/FAZ: Dangerously Crossing the Ultimate Pairs Trade [View article]
I just reread the article, and if I understand it correctly, I can stay in the FAZ/FAS trade until I am profitable and not worry about it, because if one tanks from 8 to 0 it doesn't matter because the other one moving to the upside would more than make up for the downturn of the other.
What happens if there is no big move to the upside for either at this 8 dollar level? FAS/FAZ would stay around 8, and I would be down the same amount of money as I am now, minus fund fees, etc.
FAS/FAZ: Dangerously Crossing the Ultimate Pairs Trade [View article]
Additionally, many traders say the higher the bank stocks go, the easier they are to short, so it is actually good for FAZ if the bank rally continues, but not for too long (lol).
FAS/FAZ: Dangerously Crossing the Ultimate Pairs Trade [View article]
I went long FAZ for the first time a few weeks ago and unfortunately bought 500 shares at almost the high of the day at 13, I made a stupid mistake and pulled the trigger right at the open after FAZ went up to 13 and change in the pre-market, and then it tanked to the 9's by the close. FAZ has not returned to 13 since that day.
Now I am waiting to get even, but of course I am nervous about the stress test this week, I did not plan to be in FAZ this long. I thought about doing the exact same trade as this article discusses, sell 250 shares of FAZ and buy 250 FAS, to try and at least break even on the volatility over the stress test, (I'm a novice trader as you can tell from my FAZ mistake) it just seemed to me that the trade might work when I noticed FAS dropping lower than FAZ.
I am a bit confused about the time frame the author of this article suggests staying in this trade, because I was hoping to exit this week if I break even, but after reading the article I am wondering if it would be worthwhile to stay in it in case we test the March lows. I don't think the banks will continue to rally unless they are being propped up by the gov, even Goldman Sachs says the banks are overextended now, and most money managers are saying they are going to buy tech. I tend to think that this is a sucker's rally, and when more retail investors start to come in as the S&P nears 900, the bank stocks will be shorted.
I don't know if I should hold on to FAS and FAZ until one makes a big move, or just get out if I break about even.
I am long a few REITS, so I was also thinking about hanging on to FAZ as a hedge, but the decay worries me. Some traders say the decay doesn't matter because if the banks tank, FAZ will take off big and make up for it.
Any help to get the novice trader back to even or better would be greatly appreciated (please don't suggest any option plays, I don't want to get involved with them.)
Can a Stock Market Meltdown Happen from Here? [View article]
Heiko used to be on CNBC years ago as a regular guest when the fund managers were treated like celebrities, I remember his appearances very well but I haven't seen him in a long time. He was a very nice looking, personable gentleman, and I think his fund was doing very well at the time of his appearances.
"Bottom line – I am out of here. I believe there are safer places to go with what is left of my money and there is little upside here with this terrible management team."
You failed to mention that APL has recently hired a new CEO, Eugene Dubay to replace Cohen, so your comments about management's past mistakes is a mute point, but if you don't like the business model it doesn't matter who the CEO is.
There is a post on one of the APL message boards regarding a poster writing to investor relations to request APL release news more often. Investor relations responded by saying this market doesn't respond to good news, but good news on APL will be coming out very soon.
A Troika of REITs: Creating Higher Income in a Depressed Market [View article]
PEI insider buying last year most likely due to Foxwoods planned slot machine parlor in PEI's Gallery mall in Philly, still needs approval of gaming board, already approved by the City Council, with the mayor and governor's blessing!
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Latest | Highest ratedClosing SL Green Short as the Fed Rewards REITs [View article]
and because there are too many shorts in the REIT. It wasn't worth the risk to me to hold it for such a little dividend and have to worry about the shorts eroding the value besides.
What happened to the reinstatement of the uptick rule?
IMN Real Estate Forum: Opportunities to Invest in Distressed Commercial Real Estate, Part 2 [View article]
This is a decent report, but we are given ratings without any insights on what's going on with each REIT, so the ratings are relatively useless. Readers of this article might want to invest in PEI if they were aware of what's happening at Strawbridge, but this article gives PEI a negative rating and leaves the reader clueless to the fact that PEI might be a good investment opportunity with a Foxwoods partnership, in addition to the other properties they own.
IPO Overview: Government Properties Income Trust [View article]
FAS/FAZ: Dangerously Crossing the Ultimate Pairs Trade [View article]
The only thing I am confused about is when you stated that FAZ/FAS shouldn't be used for making money, just hedging. Isn't the point of doing the trade 100 shares FAZ, 100 shares FAS for making money like the straddle you described. If the trade was
200 shares FAZ, 100 shares FAS, then I would have a short bias
with a long hedge.
If I held FAZ because I own REITS, then FAZ would be a hedge, but if I day or short term traded FAZ, I would be making money (hopefully) on a directional trade.
Correct?
FAS/FAZ: Dangerously Crossing the Ultimate Pairs Trade [View article]
FAZ/FAS trade until I am profitable and not worry about it, because if one tanks from 8 to 0 it doesn't matter because the other one moving to the upside would more than make up for the downturn of the other.
What happens if there is no big move to the upside for either at this 8
dollar level? FAS/FAZ would stay around 8, and I would be down the same amount of money as I am now, minus fund fees, etc.
FAS/FAZ: Dangerously Crossing the Ultimate Pairs Trade [View article]
FAS/FAZ: Dangerously Crossing the Ultimate Pairs Trade [View article]
bought 500 shares at almost the high of the day at 13, I made a stupid mistake and pulled the trigger right at the open after FAZ went up to 13 and change in the pre-market, and then it tanked to the 9's by the close. FAZ has not returned to 13 since that day.
Now I am waiting to get even, but of course I am nervous about the stress test this week, I did not plan to be in FAZ this long. I thought about doing the exact same trade as this article discusses, sell 250 shares of FAZ and buy 250 FAS, to try and at least break even on the volatility over the stress test, (I'm a novice trader as you can tell from my FAZ mistake) it just seemed to me that the trade might work when I noticed FAS dropping lower than FAZ.
I am a bit confused about the time frame the author of this article suggests staying in this trade, because I was hoping to exit this week if I break even, but after reading the article I am wondering if it would be worthwhile to stay in it in case we test the March lows. I don't think the banks will continue to rally unless they are being propped up by the gov, even Goldman Sachs says the banks are overextended now, and most money managers are saying they are going to buy tech. I tend to think that this is a sucker's rally, and when more retail investors start to come in as the S&P nears 900, the bank stocks will be shorted.
I don't know if I should hold on to FAS and FAZ until one makes a big move, or just get out if I break about even.
I am long a few REITS, so I was also thinking about hanging on to FAZ as a hedge, but the decay worries me. Some traders say the
decay doesn't matter because if the banks tank, FAZ will take off big and make up for it.
Any help to get the novice trader back to even or better would be greatly appreciated (please don't suggest any option plays, I don't want to get involved with them.)
Thanks so much!
Can a Stock Market Meltdown Happen from Here? [View article]
Atlas Pipelines: I'm Out of Here [View article]
You failed to mention that APL has recently hired a
new CEO, Eugene Dubay to replace Cohen, so your comments about management's past mistakes is a mute point, but if you don't like the business model it doesn't matter who the CEO is.
Atlas Pipelines: I'm Out of Here [View article]
Atlas Pipeline: Hang in There [View article]
A Troika of REITs: Creating Higher Income in a Depressed Market [View article]