Post by
garyreins on Oct 26, 2023 11:39am
Obvious tax loss selling and capitulation in office reits
Not worth a 40% dive in 2 months because 10 year ticked up a bit, if nothing else it means the economy is strong
Comment by
Reece1986b on Oct 26, 2023 12:54pm
Dream Office is having a *very* good day so far today while the broader market struggles. Surprisingly strong, really. There must surely be some price at which large players will view this as worth buying much like we are seeing with Artis.
Comment by
garyreins on Oct 26, 2023 1:23pm
Im not reading too much into todays "strength" but I do think selling has exhausted itself and volume is drying up a bit. nothing can go down forever.....welcome back reece. still owning artis?
Comment by
garyreins on Oct 26, 2023 1:44pm
Good move if you got out higher. Looks like many bulls have capitulated lately on this downturn. It's tough to sit in there but I think I can ride it out