Post by
garyreins on Apr 23, 2024 9:09pm
MY MOUTH WAS WATERING
AT 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.
Comment by
DZtrader on Apr 23, 2024 11:35pm
Don't forget, Powel was there in his own shorts, as was the wall street g00ns, all in their shorts too. A far more likely scenario than anything numb nuts posts. What an absolute clueless class act.
Comment by
jmkOttawa on Apr 24, 2024 8:05am
Could not be simpler, agree. I am in the same camp- turn off the mute button from time to time to chuckle over the latest rant, and if lucky- thoroughly enjoy one of baby bunny's priceless posts!