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The 10 Most Recent Messages By yodaorange

Take me back to where I was.
  • Date: 9/16/14 9:52 PM
  • Number: 77316
  • Recommendations: 35
REITsters are well aware that last week was an Alka-Seltzer moment. It prompted lots of questions along the lines of: is this the start of a May 2013 type downturn, that hurt both REIT commons and REIT preferreds?

Here are the facts, based
  • Date: 8/8/14 11:38 PM
  • Number: 77205
  • Recommendations: 26
Don said: "So what exactly do you mean get busted. Are you saying they cancel the trades? I did not know that was even possible for something such as just a bad price."

Don, let me expand on what CM said about "busting"
  • Date: 8/7/14 3:05 PM
  • Number: 77197
  • Recommendations: 19
Bruce said: "Does this mean that someone placed a limit buy order for KIM-I at $71.38 and there were no other limit buy orders in place between $24.75 and $71.38? If the limit buy order were set at, say, $100, would it have filled at that
  • Date: 8/7/14 9:42 AM
  • Number: 77195
  • Recommendations: 6
Looks like someone placed a buy order "at the market." I have seen crazy prices, but some seller just got a windfall. My guess is that these prices are so far away from the normal ~24.75 area they will get busted.

  • Date: 8/4/14 1:07 AM
  • Number: 77181
  • Recommendations: 21
Valuemongeragain said: “it sounds like high frequency trading (HFT) to me.”

Hi Value, I am highly confident that this was NOT a high frequency trade. I do not post much about HFT on the REIT board, but I have posted many times about it on
  • Date: 8/3/14 2:56 AM
  • Number: 77174
  • Recommendations: 15
Ranshdow said: "During that time they had $5,060,000.00 at risk. For that risk, they earned a return of 0.75%."

Ranshdow, I can assure you that the middleman in this case THOUGHT there were not taking any material risk. They only
  • Date: 7/30/14 2:33 AM
  • Number: 77156
  • Recommendations: 24
TJ asks: “Why do you track every trade on all REIT preferreds? Do you use this information in your own buy and sell decisions? Has it proven helpful?”

TJ, the short answer is that I do NOT use daily REIT preferred information in my own buy
  • Date: 7/29/14 10:07 PM
  • Number: 77154
  • Recommendations: 39
I attempt to track every trade every day on all REIT preferreds. One of the items I look at are the "block" trades of >= 25,000 shares.

In the "old" days when most trading was physically done on the New York Stock
  • Date: 7/26/14 7:51 PM
  • Number: 77141
  • Recommendations: 32
TJ said: “High yield bonds are about the closest thing to preferred stocks.”

TJ, a few points:

1) I am not sure I agree that preferreds are mostly correlated to high yield bonds. Traditionally preferreds have been mostly compared
  • Date: 7/26/14 12:18 PM
  • Number: 77138
  • Recommendations: 15
Weingarten Realty announced yesterday they are calling the 8.1% exchange traded notes (WRD) on 9/15/14. This is the FIRST call date with full maturity on 9/15/19. Recent trades have been in the 20.47 to 20.83 range. The payout will be 20.00 in
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Total = 10

Take me back to where I was.
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