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GGP filed an 11...last night


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#1 teknobucks

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Posted 16 April 2009 - 02:28 AM

http://online.wsj.co...d=djemalertNEWS

#2 CHAx

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Posted 16 April 2009 - 09:33 AM

Probably a good chance to get long REITs for a ST trade the news is no surprise to anyone.... Just take a look at GGP chart. My read is the REIT shorts are starting to feel heat and a lot of decimated REIT charts have nice big trading ranges.

#3 CHAx

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Posted 16 April 2009 - 11:57 AM

If you were fast this morning there were some April near in the money options trading for no time or implied volatility on the REITs. ;) I expect to get some 5 baggers here.

#4 teknobucks

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Posted 16 April 2009 - 12:29 PM

If you were fast this morning there were some April near in the money options trading for no time or implied volatility on the REITs.

;)

I expect to get some 5 baggers here.



very nice trade

no commercial real estate longs for me.