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Simon Property Group Inc. Message Board

  • thrasherterry thrasherterry Jun 3, 2008 1:57 PM Flag

    commerical real estate one tought cookie

    for the shorts on this board, you are going to die by the sword. commerical real estate is one tought cookie
    market plummets today and spg move up . you have to read the signs of the times... record price for ny commerical buildings
    all time high price.
    there comes a point where you have to factor in facts instead of fantasy.
    this stock can be traded no question, but to bet the farm on shorting it....
    the Food Stamp line beckons...
    trash man

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    • salty
      thank you for the correction. I read it in my mind i guess.
      but the 30 day rule means if you sell and buy back the same stock you simply can't claim a capital loss. you simply avg the two buys in the 30 day period as your new basis.
      i anxious and waiting to buy back in . I always post my buys and sells. i do a 5% stop on the down side
      thrash man

    • to bad most of their holdings are in florida texas california arizona....i don't recall anything about New York..

      their realestate is in all of the hardest hit defunct economic areas.

      good try see you at 50

    • Hey Trash Man - You must have read my post too quickly......

      That was "DEPLOY" (means - to utilize) not DEPLORE.


    • ok Salty
      you've got me. why do you deplore that stratagy.
      has nothing to do with the irs buy and sell 30 day rule.
      are you smoking the same stuff Hillary must be on .
      Thrash man

    • Thanks........... But I am very familiar with the IRS 30-day buy & sell & buy rule.

      I've done it for years......... but just not on this stock. I do deploy that strategy on what I would call "channel" stocks.


    • FYI........ Buried below in todays' WSJ article
      "saddled with billions of dollars in hard-to-sell commercial real-estate assets and leveraged loans"
      WSJ - June 3, 2008

      The Wall Street Journal is reporting that Lehman Brothers, the smallest independent Wall Street firm still around after Bear Stearns collapse, will soon report its first quarterly loss since the firm went public and is looking at ways to raise perhaps $3 billion to $4 billion in new capital to strengthen its balance sheet. Lehman was the subject of apparently unfounded credibility doubts right after Bear Stearns was bailed out and essentially sold, and Lehman executives continue to say the firm's in good shape to handle the credit-market uncertainty. It has also already raised $6 billion in the past year, and has access to the Federal Reserve's new borrowing facilities for investment banks, as the Journal notes. "Nonetheless, some investors remain concerned that relative to its size, Lehman is holding more securities tied to both residential and commercial real estate than any other big Wall Street broker," the Journal says, citing Bernstein Research.

      Yesterday, Standard & Poor's said it had lost some confidence in the ability of Lehman, Merrill Lynch and Morgan Stanley to meet their financial obligations, a change of heart that knocked 8.1% off Lehman's share price, 3% off Merrill's and 2.6% off Morgan Stanley's, the New York Times notes. But Lehman seems to be hurting the most among the three. The Journal says Lehman would probably announce the new capital infusion the week after next, when it is scheduled to report its quarterly results, and that its "fresh difficulties" will include the consequences of being

      "saddled with billions of dollars in hard-to-sell commercial real-estate assets and leveraged loans"

      as well as "further write-downs on these portfolios.".................


    • AMZN, QCOM, YHOO, etc were all at all-time highs before the big crash. Current stock price movement is no sure indicator of what is to come. If the fundamentals are sound then perhaps you have a case. We'll see.

      - k

170.17-0.47(-0.28%)12:59 PMEDT

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