Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

RE:SHORTS ARE HUNGRY

[Reece1986b]

I don't see Artis going much lower. It seems like a very poor short to me at $7. Paying an 8%+ distribution yield and betting on prices going lower on a REIT which maxes out the NCIB each year does not strike me as a prudent choice - not to mention all the units presently sold short which could send the unit price up even for no reason if people started covering their positions. Anyone who has been shorting Artis for more than a couple months is probably up 20%+ on their short. Why give any of that back? Are the odds really in favor of it going to $6 before it hits $8? Seems greedy to me trying to make money on shorting Artis at this point.

SNAKEYBOY wrote: I would like to  believe the opportunity for a small squeeze going into earnings  in 9 business days and that mr powell that doesnt come out swinging with the intention of cratering the markets given how more regional banks are still on the edge.  

I feel like the shorts wanna squeeze all the juice they can on the way down before they cover and it may play into mr manis hands with 5 million more sharesl left to buyback.

US REIT sector may be on an uptrend and the  S & P looks like it could potentially break out after making a few higher lows past 10 months.  Financials and  REITS have to come out of their funk if  thats  to happen.

Either way its going to an insane 2 weeks from here.

My preference is Artis stabilizes in the $7.50-$8.50 range for a peace of mind