I have agreed to leave the board if SRS ever hits $10. I have placed my stop there (short from $29).
Or I will leave when SRS hits $5. This is when I start covering some of my short (the rest will be covered at $3). And my work will be done here.
So what will it be?
The collar is set. And harding moves on. No more great calls for you all!
$5 or $10? I know the answer.
Relatively speaking, the SP have a tough time closing above the SP 1115 level. Many attempts of it to close at this level or higher to no avail.
No worries... if SRS closes above $10 before $5, i would still want to see yar postings here on the blog :)..as it would be interesting to see how you and your firm react to this outcome.
SRS is getting close to being a lottery ticket now. Maybe that is why they are changing the margin requirements.
Transfer from weak hands to the strong. There is no logical reason for REITs to be trading where they are.
The Reits are piggybacking the break out and the continued price increase of Gold.
If gold (or the US$ reverses its decline) decreases, then the REITs would follow.
i would not be surprised at all that the SP would spiral down 100 points in short respective time frame if gold gives in and decreases.
"""Or I will leave when SRS hits $5. This is when I start covering some of my short (the rest will be covered at $3).""
""And my work will be done here."""
you speak as if you are working for a firm - getting pay upon the work is completed.
your resume can be upgraded and sent to GS, Lazard for another work to be in progress.