Short SPG again

[Goods]

@ 49.74

Could go either way but looking weak to me.

[Goods]

Trailing stop hit, covered @ 48.22 (+1.52)

Market's close @ 1pm today. This one's on the reshort list for Monday, possibly with other REITs depending on the moves. REG, MAC, etc.

[Goods]

Shorted REG today @ 36 on a limit order.

Looking at shorting ESS also. It's had a monster bounce from 60 and bumping it's 50ema as it failed to make a higher high today. Looking for pullback as this bull market euphoria comes back to earth some. I still don't think we've seen a bottom, especially as these retailers struggle and are having a hard time paying the mall rents. Hard to fill big buildings like Circuit City and Home Depot that are closing up.

Also keeping an eye on KBH. Another one that had a huge bounce off lows and looking weaker. The homebuilders aren't going anywhere until the credit market thaws and people start buying up these foreclosures to stablize prices. Why would you buy a new house when you can get one half the price?

But, like always, I'll trade what the chart tells me.

[Goods]

Covered REG @ 33.15 (+2.85) Feels like it's done dropping today. May reshort

Also shorted PTEN @ 10.96 on downgrade target to 3!

And shorted TSN @ 6.48 on PPC bankruptcy. Could go either way though

[Goods]

LOL, just after I say REG is done, it drops another point.

[Goods]

Had to leave mid-day and missed the freefall. The REITs got killed. TSN melted nicely into the close, likely cover tomorrow on a dip. If PTEN can bust down and break an 8.80 close, it's got no support. Although it didn't collapse with the rest late today.

[Goods]

Hit my target on TSN this morning @ 5.50 (+0.98)

Had a trail stop cover on PTEN that hit on today's rally @ 9.73 (+1.26)


** My computer's going in for repairs, so I'm taking a break for a week or so. I have a couple of small positions I'm just keeping an eye on, nothing make or break. I still think we've got another 1000-2000 points to drop before the bottom, barring any news so I'd be shorting these REITs on rally days. Also, credit card companies are in for more burgertime, imo. COF, BAC, MA, V, AXP, etc. With credit harder to get, there'll be less transactions and less commisions to be had. Not to mention the defaults from people who no longer care about their credit scores. Time will tell I guess. Good luck everyone.