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RAIT Financial Trust Message Board

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  • ethison ethison Mar 29, 2010 9:04 PM Flag

    Down 7.25 % today

    That's the end game.

    Steady progress in reducing 2012 debt and extending the due date on the remaining debt.

    RAS has minimal liquid assets. Needs to buy time and is making some headway with the limited cards they hold.

    Are we having fun with structured credit yet?

    Bravo to RAS's overpaid management.

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    • Davis, wasn't trying to push your button with the conspiracy comment and yes it's been some time since you posted on that. Sorry

      It just seems peculiar that volume once hit 3 million over the average and several 1-2 million days over but somehow down is always the end result.

      Your volume comparison to the big sell-off doesn't apply, as the price was not depressed but RAS was in the process of revealing residential holdings they had previously denied having. The ensuing sell-off was accurate exit stratergy by investors who saw Taberna for what is was as well as the failure of American Home Mortgage(name?)

      Thanks for your answer.

      • 1 Reply to jmyduce
      • RAS is, as it has been for 32 months now, a war zone. Significant up volume will draw a reaction from shorts who think they can make a profit by pushing the price down. They probably can so long as they are careful about what they do and don't get greedy, but with RAS' recovery looking more and more certain, it is only a matter of time before the short position will have trouble covering in the midst of buy pressure. Volume doesn't matter much to that in any way but one: a month and a half ago it would have taken at least five or six days of volume, all of it purchased as cover, to eliminate the current short position. Now only two or three days volume would be required.

5.41+0.03(+0.56%)4:04 PMEDT