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JER Investors Trust Inc. Message Board

  • InvestmentGuru2001 InvestmentGuru2001 Mar 31, 2008 1:05 PM Flag

    Just bought 25000 at 7.70

    We'll be back at $10 as soon as we shake out the weak hands. Once the real estate market settles, we'll see mid teens.

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    • there have been a total of 1900 shares traded at 7.70 today

      Try again...

    • FYI, I have been tracking AFN, RAS and now JRT, and have seen manipulation patterns in all three.

      Be very careful here.

      You can watch for it, they accumulate shares in large trades which do not move the price. I call this 'vertical accumulation'.

      Sometimes there will be a lot of trading in a very narrow range. This is not as obvious, but it will usually accompany a spike at that PPS. I call this 'lateral accumulation'.

      These shares are used to dump them into rallies, sell off in large blocks in succession, and dribble out in 100 share lots ('walking it down') to suppress the price.

      I believe this is done because some hedge funds have some large short positions which are now uncoverable except at a (potentially bankrupting to the hedge fund) loss.

      You may note the existence of a number of mindless bashers on the BB. This is another indicator of manipulation. Bashers never bash a bad stock.

      They need to keep the price down to attempt a slow cover, but short shares are getting to expensive, because to sell short, they have to sell naked shares at this point (no shortables available), and AFN, RAS and JRT are all on the REG SHO list, so there are forced buyins. This makes shorting more expensive than accumulating long shares to dump (less fees).

      That said, I have owned JRT and will own again, but at this point all financials are going to be really volatile, and I will be jumping in and out.

      One other thing is when the options market opens up for JRT, they will be able to play the PPS against the options. If anyone knows when this will happen, please chime in.


    • I can't. My money is tied up until July. Then I have three more of my IRA CDS maturing. Yields went from 5.15% to "too low", so time to put that money into play.

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