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First Industrial Realty Trust Inc. Message Board

  • bangkokbbb bangkokbbb Aug 1, 2009 1:30 AM Flag

    TECHNICALS

    FR appears to have formed a clear-cut triangle formation(Higher lows - Lower highs) It looks to me that we will get a high volume move, probably after next week's quarterly report.

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    • In my view, good performance would be a pull-back to 5 ish and then a strong rally to the 200 Day MA - presently about 7 3/4

    • I had previously thought FR would trade in a range of 5 - 7. In fact, it has been trading in a range of 4-6. Presently, both FR and PLD have traded up to their 150 day Ma (FR: 6.02 and PLD 10.92) AMB has traded up to the 200 da MA - 22.03

      All of these stocks are overbought , technically, as is the overall market. It would be normal for there to be a pull-back of 20- 30%. It will be technically significant to observe FR'S relative performance during a general set-back

    • That is why I am banking it.. This is cheapest way for me to buy commercial property at these levels..Since my smaller investor is all tied up and can't get financing and my owner users can only think short term and bite on signing these lower lease for a few years.. The easiest way for me to put my cash to work.. Gosh I wish I had $500K to drop in this puppy long term..

    • Near Term Objectives: 200day MA 7.86 to 8.50 triangle objective

      Long Term Obj: close gap in mid twenties

      Take a look at HOT (Starwood Hotels): Duncan is Chairman - low at 8 - now about 26

      Some of the doom and gloomers like the night watchman were buying 3 % CDS at the March lows and are still writing negative warehouse stories although the over-all market is up 50% and probably due for a 20% correction. I suspect that in this environment the underperformers will out-perform

 
FR
19.98-0.01(-0.05%)May 22 4:06 PMEDT