MAC - Short Opportunity (or Puts) for a 40% or 60% play.
My friend is doing a stock pick fantasy round, so I looked at a few stocks for him.
MAC - (NYSE) - Short for 40%: Current Price @ 28, Price Target (PT) = 17, then PT2 of $10 for a 60% profit.
A commercial real estate company that is performing badly even when Real Estate sector is at an all time high? (see it compared to IYR, the american real estate ETF).Let's kick it when it's down. It's teetering at a 10 year low, and will either bounce from here or fall very sharply as REIT markets corrects over the next 1 month. You can see how much it correlates (and responds) to IYR +/- moves.
All gaps must fill at some point. You can see the green boxes where gaps started and were later filled, while the red boxes represent gaps that have not been filled. But which will be first? I don't think $70 is likely in the near future!
MAC - (NYSE) - Short for 40%: Current Price @ 28, Price Target (PT) = 17, then PT2 of $10 for a 60% profit.
A commercial real estate company that is performing badly even when Real Estate sector is at an all time high? (see it compared to IYR, the american real estate ETF).Let's kick it when it's down. It's teetering at a 10 year low, and will either bounce from here or fall very sharply as REIT markets corrects over the next 1 month. You can see how much it correlates (and responds) to IYR +/- moves.
All gaps must fill at some point. You can see the green boxes where gaps started and were later filled, while the red boxes represent gaps that have not been filled. But which will be first? I don't think $70 is likely in the near future!