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

Looks like we're going to get a bit of a pop

[DZtrader]

U.S. jobs came in a bit higher than expected, no biggie. Unemployment rate I believe came down two ticks which is more important. I think Canada's jobs nuimbers are out today also which could move our market in a different direction if it comes in really hot, will see. I think this might just give us a grind higher into next fed meeting, time will tell.

[SNAKEYBOY]

LOL what pop? Market hates good news, it wants a BAD RECESSION, HIGH UNEMPLOYMENT AND LOWER RATES!

[DZtrader]

Not sure what you are looking at but the market had a nice pop out of the opening as I thought. Contrary to your statement no one is actually looking for or wanting a bad recession, nor high unemployment for that matter. What they want is for a softening of the labor market and wages. We got a bit of both in the U.S. report. Earlier released numbers were revised downward and wage increase pace was

[SNAKEYBOY]

Everything opened green but hardy a "pop"...market goes up and down.  Now REITS sunk in the red and ARTIS THE TURD is heading back to $8.xx. Sickening man.

[DZtrader]

Well I posted premarket with the futures showing a nice response to the jobs numbers. Contrary to what you are suggesting we did see a nice little pop out of the gate, but I guess you could suggest its all semantics. In any event, as also noted the Canadian numbers came in hotter than expected and I wondered if we would remain in tandem with the U.S. Over all, I believe both reports are quite

[SNAKEYBOY]

I hope you're right...but any rally going into a FED meeting, you know what there going to do- TANK US AGAIN!

[DZtrader]

Next Fed meeting isn't until the end of the month with a rate announcement on the 1st of Feb. lots to digest by then. I think you will see the market has more or less validated my earlier comments and I also think you will begin the see a sentiment change here. The bulls will be out in full force next week with a better narrative. Central banks meanwhile will continue to pound their drum but

[SNAKEYBOY]

Well there's the "market" then there's these REITS.  CAD Reits have unperformed the TSX/S & P by a landslide past 3 years!

[DZtrader]

Thats why I sold my holdings when Artis last peaked and have taken a speculative position here in the very low $9's as a trade. I sense rate tightening cycle is nearing an end and in that environment reits should start to catch a bid here, NCIB should help out. Having said that Artis is still viewed as a weaker reit and still sadly trades that way. Hopefully it can break out when the rest of

[SNAKEYBOY]

"weaker reit" you can say that again.  Give it 6-12 months to see it trade more inline with sector valuations...if not, I would say these sandpiper guys need to BEAT IT.

[SNAKEYBOY]

I'm not worried at the moment but if this does not bounce back from a technical oversold position, at end of 2023 I will send my thoughts it investor relations.  3 years into a transformation plan should not have you trading at decade lows!