alexpaz (95.49)

SRS the most manipulated ETF

June 30, 2009 – Comments (0) | RELATED TICKERS: SRS , IYR , GS

This is my case for the bottom of SRS. IYR or the Ishares US Real Estate Index is the index that SRS tracks. Since its March 6th low, the IYR has risen by 55%. Even though it has been widely speculated that the Commercial Real Estate market would be the next shoe to fall. Hedge funds/ Institutions I believe have bought up the IYR and sold SRS short since March due to the speculation by the mass media. The tide may have turned against the IYR, recently interest rates on 20+ years have slowly but steadily increased in the past month. My hunch is that a hike in rates may force Wall Street to take the other side of the trade and drive SRS much higher.

 Happy Investing! It's been a wild ride...

 -Alex