Post by
garyreins on Jan 05, 2024 4:29pm
In any case...
CAD reits appear to make up some lost ground this week even with a stagnant market and rising bond yields.....JUST AS I PREDICTED. Artificially low for Nov/Dec to get tax loss sellers. NOW, all we need is that good day rip with CPI or whatever, and we easily hit Sept highs or July highs depending on the reit. Will look like this:
HR- $10.60
AX- $7.10
RIOCAN- $20
For the big ones.
Maybe even a head fake a bit higher.....then the MM will feast on their short positions to the unsuspecting money manger that bought into the rally, and before they know it, they are down 20% as they drop the bottom off again
Comment by
InvestSmarter on Jan 05, 2024 5:08pm
Only just starting Snakey
Comment by
Catchtherally on Jan 05, 2024 6:00pm
I am hoping for some reit recovery arbitrage. Significant news with ax and then recycle into other discounts before they are gone
Comment by
EstevanOutsider on Jan 05, 2024 7:11pm
Artis & numerous other REITs at the 200 mda. HIstorically that is a major event for REITs when they cross. End of rate cycle is the new start of a REIT cycle. Hang onto your horses, if you have any left, Snakeyboy!
Comment by
garyreins on Jan 05, 2024 7:30pm
Could just be a trading range hit of resistance- then south we go! we all know how this narrative always shifts back to "higher inflation than expected"..."OPEN TO MORE HIKES"