SPG - Clothes, Food Court, Window Shopping...its all coming back
Updated
America will open back up soon. Several states already open, like Texas and Georgia. Many more states will open next week.
What will people do when things are open again? Go shopping! C'mon, everyone loves the Mall - clothes, games, food!
We all miss that stuff and guess what, SPG owns most of the malls in USA. When news hits that ALL malls are open in USA, what do you think will happen to this stock?
Position: MAY 15 - Entry - Long 200 shares SPG @ 51.27
What will people do when things are open again? Go shopping! C'mon, everyone loves the Mall - clothes, games, food!
We all miss that stuff and guess what, SPG owns most of the malls in USA. When news hits that ALL malls are open in USA, what do you think will happen to this stock?
Position: MAY 15 - Entry - Long 200 shares SPG @ 51.27
Note
Exited my shares for a very nice gain today!Still holding some long term OCT calls until we get closer to resistance areas, where I will exit the entire position.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.