When my daughter was younger, her favorite board game was “Mall Madness”. This is a game, whose hidden agenda, is to teach young girls that daddy’s wallet has an endless supply of crisp currency that can be exchanged for all kinds of stuff, especially clothes.
In that regard, Mall Madness is both educational and fun. See, it’s games like these, courtesy of Milton Bradley, that sow the seeds for American capitalism. In essence, the mall is an American icon, promulgated by the female population—-and, we all know that what is good for the goose, is good for the gander.
It’s no wonder then, that MAC and CBL are doing well. People are getting cabin fever from this recession and retail sales and consumer confidence are making a comeback. There must be some kind of pent up demand to buy stuff, from all those years of playing “Mall Madness”, I reckon.
Keep playing that Mall Madness. I want CBL and MAC to pay me.
Here’s the hedged REIT strategy by the numbers today:
| Ticker | Shares | Cost Basis/Sh | Cost | LAST | Total Position (FMV) | % ▲ Gain (Loss) | %CHG TODAY | $ GAIN (LOSS) TODAY |
| MAC | 80,000 | $8.28 | $662,400 | $9.75 | $780,000 | 17.75 | 8.94 | $64,010 |
| CBL | 267,100 | $2.65 | $707,815 | $3.08 | $822,668 | 16.23 | 4.41 | $34,747 |
| BXP | 18,900 | $37.12 | $701,568 | $37.33 | $705,537 | 0.57 | 2.08 | $14,376 |
| SRS | 33,000 | $44.39 | $1,464,870 | $43.26 | $1,427,580 | (2.55) | (4.14) | ($61,654) |
| $3,536,653 | $3,735,785 | 5.63 | 1.46 | $51,479 |
I basically made back what I lost yesterday. Such is the boring life of one who is market neutral.
However, I did buy a little DOG to start the next leg down. Just a little to get it on the books.
Also bought a little [[AMKR]] earlier in the day at $3.26.
Remember, the future is uncertain. Don’t box yourself into a corner.
If you enjoy the content at iBankCoin, please follow us on Twitter
