In the past eleven days since I wrote this post, many of the REITs have seen strong moves. At this point in time, most are too extended to chase for swing trades here. Upon a benign consolidation, I would be looking for proper entry points. In the meantime, the following REITs are not extended and are setting up behind the ones that have already run.
______________
______________
______________
______________
Love AEC, if for entirely different reasons. How do you feel about CLP, from a technical standpoint? I’m curious if I can expect a good add-point.
The weekly chart of CLP is wildly bullish. In the short-tem, it is a bit extended and I would look for it to consolidate around $19.50-$20 before entering again. Great overall uptrend.
Nice charts. I’ve been watching the sector, and hold goodly chunks of NLY and RWT, but haven’t committed more cash to this. I know Cain likes AEC and some of the others, but haven’t had time to pay close enough attention.
Cain, I remember you posted that you don’t know NLY–can’t remember why. You couldn’t grasp what they did, I believe you said.
Thanks Chess.
Cheers
It was more that they were a massive bundle of leverage than a direct owner of any specific properties, with regards to NLY.
Yes, the leverage. That was it. But if I remember a quaterly rept one or two qtrs ago, it said 6-8x leverage, I believe, much lower than a lot of other reits.
thx.