Steve_Dobbs_69 t1_je9l8r6 wrote on March 30, 2023 at 12:35 PM

Reply to comment by DYTTIGAF in Commercial Office REITS Pop after Selloff [SLG] by old_shows

I’m up on SLG shares and also bought in on all its preferred shares as well, just bought in at the beginning of market yesterday. I use an AI program that trades for me, was surprised to find out it selected these. I don’t know anything about SLG, the dividends look nice. I also thought it was strange that the AI selected commercial real estate. Maybe people are going to be headed back to the office and commercial real estate is oversold? Let’s see.

old_shows OP t1_je9vje6 wrote on March 30, 2023 at 1:56 PM

It was the most oversold CREIT of the post-SVB crisis. It was completely relentless on the way down with multiple days of double digit % losses. The dividend is going to get hammered in April but, the momentum is real after opening again strong this morning. Def a ride the momentum and gtfo trade in my opinion. Great to see the algo’s supporting the trade, if people pile in, these shorts will get squeezed hard.