And So It Continues

A pleasant gift has been bestowed on you all thanks to the Stagecoach people at WFC. See, it’s stuff like this that just irritates the bears to no end. Yes we are headed for the Great Recession, while the market rallies. Odd, no?

What to do with SRS. It does vex me somewhat. However, I did manage to eek out a 4%+ gain today in the REIT strategy in spite of it’s presence:

I was busy retrenching the rest of my stock portfolio with [[AMKR]], [[CAF]], [[AINV]], [[ACAS]], [[TXT]], [[ARO]], [[BKE]] and others. Maybe I’ll post the details in The PPT after the Easter egg hunt is over.

All you Southerners enjoy your fried chicken dinner this weekend.

“Thank you, O Great King of the Sand People”

Oil is going down. Trade accordingly.

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:

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.

No, not some little yip-yip, the inverse Dow ETF, dude. I take pleasure in kicking barking Chihuahuas through doggie-doors and down icy stairs. Think I’m cruel? At least that’s less violent than drop-kicking them through a set of uprights for three points. (No offense to any PETA people reading this).

Were it not for my SRS body armor, I would have gotten shot to hell after a bloody day like today with CBL, MAC and BXP all getting machine gunned down.

As it stands, I lost 1.47% today in the hedged REIT strategy. This market neutral position is still up 4.17% net after today’s action, though, so I’m maintaining this posture in the REITs until CBL pays their dividend on April 15, just in time for taxes. I will collect on that divi, dammit. (At $0.37/sh, do the math). BXP also pays later this month. But all is not so rosy in Bean Town. Were it not for the fact that I’m a big Boston Red Sox fan, I would probably have jettisoned Boston Properties (BXP) by now.

Additionally, I lost $0.43 on EBAY, $0.61 on FDO, $9.10 on [[GOOG]] and $2.24 on AMZN. So I’m giving some gains back. No matter, they’re very small positions. Starter feed, if you will. Never go all in, even if you have a hunch that big, rich stupid money is starting to sponsor a stock.

The last 12 minutes today gave us an indication of what tomorrow will be like. Trade accordingly.

Just before the close, I bought EBAY @$14.02. Prior to that, I also bought FDO @ $33.27, GOOG @ $367.75, and AMZN @ $77.75.

I think these names are starting to show signs of longer term money behind them, as evidenced by the changes in multiple moving averages.

Case in point, if you throw up charts of these and impose a set of 3,5,10,12,15 day MA’s and also a set of 30, 35, 40, 45, 50, 60 day MAs, you’ll see what I mean.

The ordering and expansion of the longer term MA’s, along with the crossover of the shorter term averages and expansion of those averages is a good sign for bulls.

Discuss amongst yourselves…..