TSX:AX.PR.E - Post by User
Post by
garyreinson Oct 31, 2024 7:07pm
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Post# 36291557
NOT BRAGGING BUT...
NOT BRAGGING BUT...My "average" sells in Sept/Oct on the following reits were (sold some higher and lower):
Artis -$8.25
HR- $11.30
Riocan - $20
Look at where prices are now:
Artis - $7.75
HR- $10.57
Riocan- $19.00
Definitely pretty sigfnicant pullback. Im starting to get some of these shares "back" here but with the amount of air underneath to June lows it could be very risky.
I dont trust the wall street goons creating a fake narrative and shorting the f out of everything like crazy, but THATS EXACTLY what they did. It wasnt unreasonable to expect in September that XRE would continue to $19 and reit yields would continue to move 25-50bp lower, not the other way around.