Alexandria Real Estate (ARE) Breakdown
I’ve increased my short position in Alexandria Real Estate (ARE) today. As you can see from the graph, it is breaking down in a very distinct downward trend.
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Isn’t this a thing of beauty? I guess it depends on your point of view. For all the fellas that got suckered into buying the secondary, I suppose this is not a pretty picture. I hope they were smart enough to take profits when ML and CNBC rallied it to $43.50.
Although ML, Sakwa and crew have been able to stabilize the price recently, Gambler’s Ruin sealed this REIT’s fate a long time ago and the price action is beginning to reflect the INEVITABLE. The price can only be stabilized for so long.
As I told you before, I expect to see some massive selling from the insiders very soon. They are not suckers. They know where the common stock is headed. I’m sure they can anticipate what is going to happen next by looking at a monthly chart:
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I guess I should have made ARE my Short of the Year 2009-2.
May 13th, 2009 at 3:18 pm
It cannot be manipulated higher anymore. The public that bought the secondary that printed at 38.25 are starting to panic. Brokers are re-assuring them…”it’s a good value for the long term.”
Meanwhile everyone involved knows that the common stock cannot survive. Gambler’s ruin is irrefutable.
May 16th, 2009 at 7:58 am
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May 18th, 2009 at 3:31 pm
…good golly!…did you see those REIT’s rally today?…is it possible that you shorted right at the exact bottom?…go, dude!