Bookkeeping: Gingerly Stepping Back into Commercial Real Estate Shorts

Submitted By Trader Mark
I am VERY gingerly stepping back into the short side in the basket of 5 commercial real estate stocks we hold. We just saw a short squeeze of epic nature and being a participant I am still looking for the teeth that were kicked out of my mouth. Again... gingerly. Of the 5 names SL Green (SLG) indeed has been the weakest (NYC office market party) - other than last Friday when "The Club" pushed up REITs it's been dead man walking.

Right now I don't have a very good feel for this market, because the ethos of the consumer is back - which I highly disagree with - are lending strength to areas of the market I dislike the most over the intermediate term. Then last Friday the market held key level S&P 825 and even the 100 day moving average (832) only to reverse down. Making things ever more tricky is almost every morning we now gap up or down 1-2% so your entire portfolio is marked in one direction or another based on mood swings. So I envision as I build shorts back up, we will gap up 2% tomorrow on some nonsense "better than expected" result and the technical condition will turn back to "bullish". And we'll be in the wrong spot yet again. So to hedge some of these short positions I am trying to slowly build up some long exposure back into individual names that have corrected a bit; which we took profits in last week. I keep waiting for some sideways action within a wide range lasting a few weeks....

Working on finding my bearings - my bullish leaning going into the week based on key support levels being held was proven a false idol. S&P 825 is a pivot point for me; I would expect weakness below it and strength above it but thus far this week that has proven to be incorrect. There is such a disconnect between what I believe lies ahead for the economy and the rampaging bulls. After the euphoria of "we are seeing improvement over the worst readings in history" wears off, I am trying to figure out what the bulls will use next as a "stimulant". If bulls are going to clutch onto CEOs saying "we see improvement in the 2nd half" - I'd remind them that no one has a clue about the 2nd half; it's just guesswork.

Very tricky environment and times like this make me savor when it seems so easy.

Did you like this article?

0332Adidas Shoes Sale with

0332Adidas Shoes Sale with superior quality but reasonable price.From Adidas Skateto Adidas Superstar Shoes,Adidas Samba,Adidas Basketball Shoes,Adidas Originals always make people satisfactory.We also offer all kinds Nike Air Max:Air Max 2009,Nike Air Max Ltd,Air Max 2003.Now,ugg boots on sale,the famous is ugg classic cardy boots and UGG bailey button.

E-team008 Your insights are

E-team008

Your insights are unique! I am so admire you! air max Love plays a pivotal role on out life. lady gaga headphonesLove makes you feel wanted. heartbeats by lady gagaWithout love a person could go hayward and also become cruel and ferocious.beats by dr dre headphonesIn the early stage of our life, air max ltdour parents are the ones who shower us with unconditional love and care,dr. dre headphonesthey teach us about what is right and wrong,nike air max 2 good and bad. nike air maxBut we always tend to take this for granted.adidas originals shoes It is only after marriage and having kids that a person understands and becomes sensitive to others feelings. adidas superstar shoes Kids make a person responsible and mature and help us to understand life better.adidas classic shoes

E-team006 There is an

E-team006 There is an immutablenike airmax conflict at work in life and in business, nike air max 360a constant battle between peace and chaos. nike dunks sb Nike Running ShoesNeither can be mastered,nike dunks but both can be influenced. nike sb dunksHow you go about that is the key to success.nike zoomWe wanted Nike to be the nike air forceworld's best sports and fitness company.puma speed Cat Once you say that, you have a focus. nike air maxYou don't end up making wing tips or sponsoring the next Rolling Stones world tour.nike shox r4. Thanks for sharing space.
Michael Jordan and Tiger Woods nike dunk highare really part of a very big advertising program,nike dunk low and the fact that they make so much money is nike air force 1because the markets have dictated that they get that money,nike shox shoes and the fact that they endorse our products allows us to sell more products adidas 35th anniversaryand create more jobs.air force onesThe trouble in America is not that we are making too many mistakes, adidas classic shoesbut that we are making too few.cheap nike shoesMy job is to listen to ideas, adidas running shoesmaybe cook up a few of my own, air max 360and make decisions based on what's goodcheap nike shox for the shareholders and for the company.nike air max 2009. Thanks for sharing space.

E-team006 There is an

E-team006 There is an immutablenike airmax conflict at work in life and in business, nike air max 360a constant battle between peace and chaos. nike dunks sb Nike Running ShoesNeither can be mastered,nike dunks but both can be influenced. nike sb dunksHow you go about that is the key to success.nike zoomWe wanted Nike to be the nike air forceworld's best sports and fitness company.puma speed Cat Once you say that, you have a focus. nike air maxYou don't end up making wing tips or sponsoring the next Rolling Stones world tour.nike shox r4. Thanks for sharing space.
Michael Jordan and Tiger Woods nike dunk highare really part of a very big advertising program,nike dunk low and the fact that they make so much money is nike air force 1because the markets have dictated that they get that money,nike shox shoes and the fact that they endorse our products allows us to sell more products adidas 35th anniversaryand create more jobs.air force onesThe trouble in America is not that we are making too many mistakes, adidas classic shoesbut that we are making too few.cheap nike shoesMy job is to listen to ideas, adidas running shoesmaybe cook up a few of my own, air max 360and make decisions based on what's goodcheap nike shox for the shareholders and for the company.nike air max 2009. Thanks for sharing space.

Shop online for authentic

Shop online for authentic luxury Porsche Design Watches,wholesale Burberry Handbags,wholesale rolex watches,Accessories including PTC 911,wholesale Nike Shox Shoes,mbt shoes,wholesale Dolce Gabbana Handbags,wholesale Louis Vuitton Handbags,Flat Six,wholesale ed hardy,wholesale rolex watches,Indicator at our website,porsche design watches,wholesale jordan shoes,nike air max 2009,The biggest brand discount website!

If you are looking for the

If you are looking for the top boots such as timberland boots sale,christian louboutin shoes, uggs on sale,puma shoes ,high quality, Quick shipment,Lowest price and Good service. Many people care their health.To have a good MBT shoes, will help reduce the anxious.when you see mbt shoes sale, you can find timberland boots sale, christian louboutin sale and puma shoes sale, no matter which you like, there are some other styles, like timberland 6 inch boots, ugg bailey button,ugg argyle knit boots,timberland boots mens,timberland roll top boots, mbt lami shoes.these shoes make you so fashion in cold winter. Also,you can take a look the designer handbags,such as gucci handbags,chanel handbags, Louis Vuitton Handbags and so on.

housework every moment,MBT

housework every moment,MBT is mbt lami a training equipment.their full commitmen.mbt walking shoes Size Chart to get your correct size New Products Coming Here Soon!mbt shoes more discount mbt mbt salesshoes here!will.mbt lami Follow these specially designed fitting facts when purchasing a new pair of at mbt m walk.

Christian Louboutin Sale

Christian Louboutin Sale

As the climate is colder and colder, many more warm boots fight against cold. Christian Louboutin Boots avariable in worldwide, have become femininity, hight quality and nice design for women. So Christian Louboutin boots are very popular. Getting a pair of Christian Louboutin that is dream of every girl.
Christian Louboutin Shoes have peep toe, signature red leather sole will help you show your taste. They are sexy, gorgeous and fun. The designers ' national spirit, is " make shoes that are like jewels" and each unique design demonstrates an unparalleled degree of quality and a born sultriness. Christian Louboutin Shoes desined with leather lining,round toe, concealed platform,hidden heel and signature red sole,which will bring much confidence and comfort and make you more beautiful.
However, if you purchase online, you will find a couple of Christian Louboutin begins at a fraction of the price of the originally price, you should be aware that buy Christian Louboutin online can save your money. One began the discount Christian Louboutin and is payment have been offered in goodugg.net store.
Look at the Christian Louboutin! What a slender and graceful line! Ladies are crazy about it. If you are engaged in the vogue or you want keep the same pace with the trend. Christian Louboutin Sale could be your best choice.

This article is very good.

This article is very good. And I like you very much!
The author was too kind.
Thank author sharing.At this is once!
Nike shox
Authentic Products nike shox shoes provides all kinds of shox nike .
nike shox NZ in high quality but lowest prices possible from USA.
kids nike shox and
nike shox monster run
nike shox turbo

nike shox r4 and nike shox r5
We frequently update the styles of kids nike shox flame so please check back to choose your favourite shoes.

chen li

We sell our tiffany and co

We sell our tiffany and co at affordable prices. Large numbers of splendid discount tiffany jewelry which are of hottest designs and discount price allow you to be as shining as Buy cheap tiffany and co silver jewelry from tiffany jewelry on sale stores in australia,which directly sell Tiffany Rings

Free Course

$5000 Practice Forex Trading Account

First Name:

Last Name:

Email Address:

Phone:

Software and live rates provided by FXCM

Related Videos

Senior Real Estate Specialists

Get a Lower Real Estate Commission

Ask An Expert