A Look Inside SRS
Wednesday, January 7, 2009 at 2:53 pm
Here are a few components that make up SRS. Many of the REITS are bumping up against trendline resistance. Should the market crater, SRS should fly like the good ol’ days.
However, with the dip buyers out, I would not be surprised to see a few of these names break out further, enabling SRS to become FXP like, if you know what I mean.
When it’s all said and done, SRS will print $1,000 as Devildogs predictions come true. But, in the meantime, bulls love this “healthy pullback”, so watch for a massive rally in stocks after the jobs report on Friday.
OH, SRS may the rays of a thousand suns fall upon your kingdom forever!
I have a strict rule that I will not buy SRS until I see it over 63.5, which would break all previous short term resistance. I would happily give up the first ~15% to avoid getting burned by that stock once again.
not a bad plan Keith.
need verification is SRS 2x the move in IYR
Bank on a rally after the jobs report…this feels exactly like the dec. report, days before. Today “is” the sell off. Same playbook…
SRS barely managing a few point up on a day like this doesn’t bode well for it in the near term, though long term I am definitely on the SRS train.
Oldmantrader: Fix your name.
Unless you are not Old Man Trade, and just a random passing Swede, then I apologize in advance.
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Sorry guys - forgot my meds. The one about IYR is definitely me. Not sure who the second one is.
Sorry, the second one was me. Didn’t check the sign in.
$1000 not with any bailouts…but $300-$500 fo’ sure….
http://www.heraldtribune.com/article/20090106/ARTICLE/901060363/2107/BUSINESS
Thanks for the legwork, RC. I was just wondering about this yesterday. I think this house of cards will start blowing over pretty soon, if it hasn’t already.
Thanks, Cajun. I looked at the components on Yahoo back when it shot to $295 (long after I sold it, of fuckin’ course) and couldn’t believe how far some of those reits had already fallen.
“FXP like” belongs in the iBC dictionary next to a picture
of Mickey Rourke in “The Wrestler.”
please refer to “Devil’s ETF, The” in the dictionary.
I got all your word bases covered in that thing
oldman: SRS is supposed to be double inverse of the daily change in Dow Jones US Real Estate index: http://finance.yahoo.com/q?s=%5EDJUSRE
SRS underperformed by about a buck today, and there is no compounding to blame in a single day: http://finance.yahoo.com/q/bc?s=SRS&t=1d&l=on&z=m&q=l&c=%5EDJUSRE
Covered indeed, Danny.
But “FXP like” suggests a uniquely broken down, has been quality that can describe so many things: the Cali economy, Tara Reid’s career, my portfolio, etc.
Hi RC, is there a permanent link to the stock of the year chart?
Wow, ISRG taking a beating AH
AMZN - short via puts at the close.
MDAWSZ takes the lead, here is the link: http://spreadsheets.google.com/pub?key=pgO4gR12THCnAD7iNEGwXRw&output=html&gid=3&single=true
The formula for YTD % change needs to be fixed for all the short positions.
Did AlphaDog bite you?
Hey RC,
I wanted to short SPG in the contest, not be long it.