The space seems to be getting ripped apart, thanks in large part to a non-convinction which has permeated the entire sector. No one wants to commit to real estate.
Yesterday, fearing that my new positions might just bleed out from a correction, I shorted AIV (the corporation whose analysis I halted midway, for it sucked so). Today, it’s up almost a percent.
However, like any decent hedge, that is alright when compared alongside the performance of CLP and AEC, in tandem (today, mainly CLP). As of right now, should we continue to break down, I’ll be shored up as AIV takes it through the roof of its mouth. However, if we should go higher, AEC and CLP are in a much better position; they are exceptional to AIV’s acceptable.
For the moment, I am non-committed, yet completely long, if such a thing is possible. I’ll crack off the hedge (and additional margin purchases) should we continue breaking highs to the upside.
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