Since logic and earnings predictibility have been thrown to the four winds, it makes sense that fourth-tier stocks like REITs, banks and retailers have been leading the surge.
To wit….this uniformly profitable and glorious play using REITs was up over 5% today, despite the flu-laden SRS:
| Ticker | Shares | Cost Basis/Sh | Cost | LAST | Total Position (FMV) | % ▲ Gain (Loss) | %CHG TODAY |
| MAC | 40,000 | $8.28 | $331,200 | $16.68 | $667,200 | 101.45 | 9.95 |
| CBL | 90,000 | $2.65 | $238,500 | $7.76 | $698,400 | 192.83 | 12.79 |
| BXP | 10,000 | $37.12 | $371,200 | $48.49 | $484,900 | 30.63 | 3.81 |
| SRS | 30,000 | $34.19 | $1,025,594 | $23.76 | $712,800 | (30.50) | (7.62) |
| $1,966,494 | $2,563,300 | 30.35 | 5.01 | ||||
| Long | $940,900 | $1,850,500 | |||||
| Short (effective) | $1,025,594 | $1,425,600 | |||||
| Net effective long(short) | $424,900 | ||||||
| Previously Sold: | |||||||
| KIM | 93,000 | $7.55 | $702,150 | $9.05 | $841,650 | 19.87% | 04/06/09 |
| CBL | 87,100 | $2.65 | $230,815 | $6.56 | $571,472 | 147.59% | 04/17/09 |
| MAC | 40,000 | $8.28 | $331,200 | $15.39 | $615,600 | 85.87 | 04/27/09 |
| CBL | 90,000 | $2.65 | $238,500 | $7.15 | $643,500 | 169.81 | 04/27/09 |
| BXP | 8,900 | $37.12 | $330,368 | $47.97 | $426,933 | 29.23 | 04/27/09 |
| SRS | 28,000 | $34.19 | $957,221 | $26.51 | $742,280 | (22.45) | 04/27/09 |
| $2,790,254 | $3,841,435 | ||||||
| $1,051,181 | 37.67% | ||||||
Best wishes for a flu-free existence.
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