Post by
SNAKEYBOY on Sep 28, 2023 11:56am
XRE/VNQ
If the gains do hold today and continue tomorrow, it would somewhat validate my theory that end of quarter funds sell off "losers" and creates excessinve selling pressure. Same thing happened last september, march, june.
Comment by
SNAKEYBOY on Sep 28, 2023 12:33pm
I won't get margin called unless names dive another 50% across the board. Rates would have to plummet if that happened. Just might need to use lines of credit at 9% interest
Comment by
Frankie10 on Sep 28, 2023 2:17pm
I sold PMZ at $16 and never looked back. So much better value in the market if you ask me. Primaris quality cannot compare to FCR and Riocan.
Comment by
SNAKEYBOY on Sep 28, 2023 2:33pm
Oh yeah I dont see many other reits running a NCIB of 30k a day from free-cash flow and have like a 70% unencumbered assets. Able to acquire properties at 8% cap rate