TSX:AX.PR.E - Post by User
Post by
garyreinson Apr 23, 2024 9:09pm
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Post# 36004338
MY MOUTH WAS WATERING
MY MOUTH WAS WATERINGAT 10AM when I saw my 12 REIT tickers and XRE spike up with some solid gains, marking a solid 4th day come back, and some names up 2-3%. But then at 3pm, most tanked hard into the red. It just reminded me what these "instruments" are used for, fake short rallies and a multi-year downtrend big $ for the shorts, not to mention dividend cuts. Going into a big ultra short leveraged REIT etf into the April CPI release seems like a sure bet after todays action.