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

Andrew Moffs is shorting Artis and has lost several million

[EstevanOutsider]

His fund at Vision Capital was/is short 466,000 units from Q1. He got railroaded.

See my X tweet here for disclosure:
https://x.com/tsxman/status/1852369444514758943/photo/1

[garyreins]

Lol he "shorted" it at $6?  No doubt some shorts cleaned up at $8-10 but initiaiting a short after the REIT lost 60% seems a little dumb.

[nedstar71]

I hope he eats it on Allied as well

[jmkOttawa]

He made a bad bet for sure! Curious to see how he exits the trade. What do you mean by railroaded? I'm not familiar with the term.

[Frankie10]

Brilliant question jmk... how does he exit the short? I predict pain in this guy's future. the Artis NCIB is relentless... I sold all my Dream Office above 22 and I am redeploying it (plus some) in H&R and Artis (I prefer to own the parent, Artis, than the subsidiary, Dream). 

[DZtrader]

Good question yes but equally interesting is WHEN he (and many others) unwind positions here. Not sure what the magic number is on the upside or alternatively what dip and how deep to cut losses. Either way, the sizable shorts no doubt will enable us higher........or much higher. Bottom left to upper right baby!

[Frankie10]

We are headed higher. Chips have been pushed in. 

[DZtrader]

Well I would like to say I'm all in but only have 7000 share speculative position.  On completely other note, what a total cluster $#&@ I just came through, leaving me laughing. If ever anyone gets or feels overwhelmed, try catching a ferry in the Philippines. I am in Cebu leaving to Bohol. Just getting a ticket and getting to departure lounge is nothing short of mind boggling. A

[Panic54321]

To funny ... I can relate..  I ve did that very trip many times .. ( it is mind blowing )   apartment reits loooking to be great values at the moment also ... mi.un iip.un.  Especially  good luck out there ... rebound week coming for reits ??   

[DZtrader]

It's hard to say if we are at or nearing a bottom. I posted awhile back that I would start nibbling again when the 10 year hit 4.5, to which the village idiot said would never happen. Lots of chop and vol still coming. I am reasonably comfortable here but as I have noted numerous times the bond vigilantes are starting to sniff around here and that is something to be wary of. As for the Bohol