Submitted by old_shows t3_1260s7q in wallstreetbets
old_shows OP t1_je9vje6 wrote
Reply to comment by Steve_Dobbs_69 in Commercial Office REITS Pop after Selloff [SLG] by old_shows
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.
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