This is a short week and an emotional week. We celebrate Labor Day in America with unemployment still sitting at 9.1%.
We remember 9/11 with heavy hearts. It's hard to focus on making money with so many emotions floating around. But we have to get the job done.
Our first pick for the short sell is Gramercy Capital Corporation. GKK last close was 3.17 up 0.38 (+12.81%). Gramercy Capital is a commercial real estate finance and property investment company. On September 1, 2011 the company announced a settlement of Gramercy Realty's mezzanine loans. The deal transfers 317 properties to KBS Debt Holdings LLC. Gramercy will continue to manage the properties through December 31, 2013 for an annual fee of $10 million.
Another short sell pick is Liz Clairborne Inc. LIZ closed at a respectable 5.52 up 0.46 (+9.09%). Unfortunately, we believe LIZ will fall back to around 5.23.
And finally, Central European Distribution Corporation should fall to about 6.95. CEDC last closing was 7.10 which was up 0.58 (+8.90%).
The blog is about trading stocks. Most of our trades are short sell. What goes up must come down. It's a matter of when. We will give an account of each trade.
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