Beautiful head and shoulders……..
In spite of this stupid market soaring to lifetime highs every day, I’m doing all right. I’m up 1% now in my all-short portfolio, and one of my winners is Arcadia Realty (symbol AKR):
Just doing my usual looking-at-hundreds-of-charts routine that I go through each morning. Here’s one that stood out as a prospective short: Acadia Realty Trust (symbol AKR). I think I’ll short it with a stop-loss price of 27.79:
Depending on where you live in the country, you may or may not have any knowledge about Chinese superstition with respect to numbers. . I’ve got a passing understanding of it, which is why real estate ads like these (which I just tore out of the morning paper) strike me as intended for Asian buyers here in the SF Bay Area.
My oft-mentioned idea to short CBL & Associates continues to go well. The analog is just a beauty, and I believe this stock isn’t going to stop crumbling until it challenges the depths set during the delicious, marvelous, sticky-sweet lows of the financial crisis.
CBL & Associates is one of those short ideas I mentioned so often here on Slope and on tastytrade that I got embarrassed to mention it again. Here’s just a small sample from the past few months: