"market keeps getting higher'
That won't last forever I'm slowly scaling out and putting some money in these beaten down sectors.. we both know how things could change on dime.. Did the economy dramatically change for the better these past 2 years? US debt "improving" dramatically? Europe miraculously completely out of the woods? Global money printing completely stopped?
"At that time you can pick up shares at a" very low price"
Oh you mean like now?
A 4 year low not enough for you?
You think these Reits have ZERO chance in a changing environment?
I guess we'll see in a few quarters..
My avg cost is $23... at this point I'm not selling.. will probably bring that avg down further.. I'm in the camp that many of the "taper' issues have been priced in and I don't like selling at below book value.. These Merits will eventually adjust to the changing environment as they did throughout the years... I'm holding on to a Reit that is at a 4 year low and I have more dry powder to add as low as the market takes it. I can collect the dividend while I wait for what I believe will be a turnaround.. In my experience selling during a period of panic and fear while under below Book Value was never a good idea.. The Insider purchases was just another "little" positive aspect for my reason to hold.. At this point will have to see the next evaluation of its book value...I know I'm going against the grain because I rather build a position here at the lows as oppose to equities at multi year highs..
Most companies that filed for bankruptcy trade higher than .05 cents.. so why sell now.. Actually being buying more as a lottery ticket..
Yep markets up Huge! SD down regardless..
When the market dumps SD down because equities are down..
I have my $4.61 bid ready.. brutally ugly!!!!
With this type of hedging you suggest what happens if Rates don't move as high as once thought?
My success rate at buying when GS downgrades is pretty decent so bought more today at $9.70.. I have to believe this extreme drop has priced in all this Armageddon!
"Rates may go higher with Taper from the FED"
Is this something new? we've been hearing this for 6 months now.. when does this 50% drop get priced in?
keep in mind The highly sophisticated experienced analysts, investors etc. etc. were giving buy ratings recommendations at the extreme highs.. unless you think the markets are corrupted? or just maybe even the most seasoned investors can get it wrong? Should I now believe these seasoned investors and sell at multi year lows? Yes maybe you're right I didn't realize that these types of REITs are just highly levered toxic derivatives..
Commerzbank today: The bank listed a full-year average forecast of $1,300 an ounce for gold, but also looks for the metal to climb back toward the $1,400 area by year-end.
Commerzbank today: robust demand from Asia, this indicates upward movement in the gold price to $1,400 per troy ounce by the end of 2014.
The bank listed a full-year average forecast of $1,300 an ounce for gold, but also looks for the metal to climb back toward the $1,400 area by year-end. Other full-year average forecasts include silver, $21.50;
Commerzbank looks for each of these metals to rise further in 2015, calling for gold to average $1,425 then, silver $24.50
robust demand from Asia, this indicates upward movement in the gold price to $1,400 per troy ounce by the end of 2014.
I have to believe just about any rate is priced in.. we'll see in about 6 months.. or I didn't realize I was buying an over leveraged derivative.. can't believe we were at a MUCH higher PPS during the biggest recession in our lifetime due to mortgages..