More resistance in down days and trying move up. Still volatile though. I believe it might be a good investment for 6 month time frame. Any thought? Agree? Disagree?
The housing slump is just getting started. Economic weakness will last through 2014. Thats if we're lucky...
Thanks for your input. Would you buy SRS or short IYR if you believe real estate is in down trend? How is the dividend in SRS? Do you pay dividend if you are long SRS? and you get dividend if you short SRS?
As you can see from nearly a year ago I was talking about SRS and saying IYT was overbought. SRS skyrocketed to 150+ a share, now trading around 108-110. Forget IYR, go long SRS on any dips, I think its back to 125+ soon. Real Estate has a long ways to go before it finds a bottom. S2007S Registered: Aug 2006 Posts: 5563 02-07-07 11:50 AM IYR is overbought...Would wait for 88-90 to buy. I would be buying SRS rigt now at $66. Proshare ULTRA SHORT realestate index ETF
IYR vs. SRS in the last month. IYR has outperformed and that is why I see some life in that sector. I know that in the last 6 months SRS has outperformed but not in the last month.
My another prediction on 1/16/08 which is not fullfilled yet. I don't weigh too much to what has happened so far. I like to know and predict what might happen. http://www.elitetrader.com/vb/showt...&perpage=6&highlight=hajimow oil&pagenumber=1