Insider Activity @ ARE
Here is a screengrab of recent insider activity at Alexandria Real Estate Equities:
CLICK TO ENLARGE
Notice a TREND? If he’s selling, what do you think I’m doing? If you’re a buyer, your at the wrong Party.
On another note, a few reader’s have asked me about the recent rally in the REITs. I say it was nothing more than a classic Sucker’s Rally and I still have my bets on the table.
It’s easy to be confident in your position when you know ultimate destination is ZERO. I can understand the enthusiasm… change is coming with Obama. Unfortunately for the REITs, even the Secretary of Education can’t change the math.
DISCLOSURE:
Short: PLD. HCP, ARE, KRC, VTY, V
Long: Gold, Yen, Agriculture, Swiss Francs
December 1st, 2008 at 2:16 pm
I found your blog on MSN Search. Nice writing. I will check back to read more.
Eric Hundin
December 1st, 2008 at 7:36 pm
Richard,
Great BLOG and I find it particularly refreshing that your opinions are all carefully researched and well founded (unlike a lot of the windbags on the net who do zero due diligence). Tell me, what is the logic behind your V short? I can’t find any detail in your BLOG.
Thanks in advance,
Mark
December 1st, 2008 at 9:56 pm
Richard,
Great site and very good analysis. Are you following any retailers as well? There are a number of great opportunities on the short side. Do you mind sharing your thoughts on the best way, in your opinion, to profit from the HCP and ARE downfall?
December 2nd, 2008 at 2:29 am
Mark-
V is a short candidate mostly from a technical analysis standpoint. My colleague, Mr. Volatility, is the mastermind behind that one.
Thanks for reading.
R. Richards-
I like put options on HCP, ARE, VTR and KRC. From a fundamental standpoint, KRC is probably the best play in my opinion. I have not posted any of my analysis because I’ve been so busy but I like it the most.
I’m looking at retailers but I’m not sure who I like the best yet.
RICH
December 2nd, 2008 at 10:07 am
When I saw what you have to say about PLD, I sold at a small profit around $12. Now all I have to say is boy am I glad I stumbled on to your blog.
I have held KRC for about 8 years and enjoyed the divs. But just sold it at a 20% profit. Better safe then sorry if you think it is tanking.
Any opinion on oil? I have been nibbling on trusts like PBT figuring they can through off some income and oil might hold up at these levels. Or are things going to get so bad over the next couple of years, even oil is going to far further?