Discussion in 'Stocks' started by S2007S, Feb 6, 2007.
up over 10% in 1 month. When does it end. Up over 35% in 1 yr.
another 52 week high.. a bit overbought I THINK so
Last Trade: 94.33
Trade Time: 11:28AM ET
Change: Up 1.13 (1.21%)
Prev Close: 93.20
Day's Range: 92.47 - 94.33
52wk Range: 66.58 - 93.20
Avg Vol (3m): 2,137,850
YTD Return (Mkt)Â²: N/A
Net AssetsÂ²: N/A
P/E (ttm)Â²: N/A
Why do you want to ruin my investment?
Iâm laughing each time I look at IYR. I thought Reits where overbought back in march last year, now I can only laugh.
I take it that this means that you are short, taking heat and wish the stock would THINK like you do.
I DO NOT own any IYR on the short side, nor do I own the SSG. I do however own Quite a bit of QID.
Believe me I have nothing to hide. That ETF is EXTREMELY OVERBOUGHT. Dont be suprised if it goes into a downtrend for a few months after its 35%+ return in less than a year.
There is clear strength in this move. Doubtful that it can correct in any meaningful way anytime soon.
Which is very good for the US.
your telling me you dont see a 5% pullback in IYR..
Of course it is possible, but 5% is not meaningful at this time.
look back at april and may of 2006, dont think anyone was expecting that. Many thought that drop in 3 months wasnt meaningful either.
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