Post by
SNAKEYBOY on Jul 18, 2023 4:16pm
REITS
Dream office is rallying still needs $17 to go to hit the pre fed hike crash. And about 25% for feb 2023 levels. Sickening the drop on these things
Comment by
Frankie10 on Jul 18, 2023 7:21pm
I'll be dumping the whole ride up... position here is much bigger than I would like it to be (thanks Coop).
Comment by
SNAKEYBOY on Jul 18, 2023 9:47pm
Same here, my 300k D position needs to get back down to 100k. Already swapped some for HR/RIOCAN/FCR and sold when FCR gained 8% July 4 and a bit of D.un today
Comment by
BlueJay2020 on Jul 19, 2023 12:16am
I still have my 6000 units - not in a rush to unload, and certainly won't start below $15.50. I did trim DIR though, and bought some HR yesterday and more NWH this morning.
Comment by
SNAKEYBOY on Jul 19, 2023 9:36am
Im going to hold 8k units forever, I was holding about 20k due to failed "arb trade". Too risky and margin but I let most go today around $13.90.
Comment by
Frankie10 on Jul 19, 2023 10:42am
Damn you expected $15.50 and got $13.90 ... ouch...
Comment by
SNAKEYBOY on Jul 19, 2023 11:49am
Im attempting to "break even" like the arb trade never happened. 200k tendered at $15.50 for 0.75 profits, now going to sell about 200k for $14ish for 0.75 losses. It needs to be done, Im not going to be 300k+ on margin at 6%
Comment by
Reece1986b on Jul 19, 2023 12:06pm
That's a good decision in my opinion and really not a bad outcome if you break even given how badly the arb trade originally backfired one month ago. I wouldn't personally want a large amount of margin on anything at the moment. Enough risk in my opinion just being fully invested in the stock market.
Comment by
Frankie10 on Jul 19, 2023 12:06pm
Don't forget to factor in tax liability on your long-term hold bag sir.