This is the oversold bounce we’ve been looking for. It isn’t glamorous and filled with unchecked hedonism. It is a respite of water, in a sea of sand. I expect the SPY to move 2% from here, with many stocks recapturing 5-10% gains in short order, then back lower again.
I added to IMMR and bought the beaten down RAS, afflicted harshly due to the dismantling of the REIT sector. I cannot believe this is it. The Fed is done and housing is going back down the sewer pipe. That’s not how this story is going to end.
Rates will go lower again and housing related stocks will rip to the upside. I like BZH and HOV, down at these levels. If I hadn’t purchased so much RAS, I’d be buying BZH today, hand over fist.
Z is being tossed out again; but valuations are still rich. Long term, my favorite social media stocks are YELP, Z, TRIP and ANGI.
I’m down to 15% cash, with the purchases of DDD, IMMR and RAS. I am going to sit with these positions for a few days and buy more stocks, only if the market heads lower again.
Here is a live reading from The PPT.
What’s up with the logo contest?
I’ll update soon
IMMR sweet relief on my book. Like a giant Pepcid At some point the refiners got to “crack” to the upside. I am seriously underwater on ALDW oh well (no gas)
OESX I swear to Chrysler this sucker gives me another shot on a pullback to 3.30 I am selling a kidney to buy 10K.
RAS has burned my ass too many times.. STAG is my play in the sector. Sorry for the triple posts.. I am feeling positively giddy after 10 days of the worst case of Poison Oak of all time. Lost most of the skin on my back and under arms. I am sooo grateful today as I am on the otherside.
NTI who has the balls? Now or never.
How about SSYS instead of DDD?
How about no?
Alright…fess up…who sold off and gave Ben your shares?
Good Doctor, if we may learn your avg on IMMR?? Please and thank you
Why should it matter?
curiousity killed the cat…
curiosity of course…A GAME
Liar!
Ray you need to reduce your position size in IMMR based on your comments. The cost basis for someone else is not going to change a thing.
I believe my position is correctly sized. Thank you
TREX, for crying out loud
JCP for the win
Would you look at the preferred shares on the reits? Thoughts on HTS? Thanks
Z at bargain price YELP even better..own both
Z raising money for the acquisition of StreetEasy.