...and added to my HRPPRD preferreds...I'd been moving more money into preferreds over the last 2 weeks. Preferreds in HRP / BRE / UDR / MAA / HIW / SLG / DDR (looked like stagnation coming, so the dividends looked nice)...but as the 'common' pulls back to these low levels, I'm inclined to also add to 'the common' of many apartment reits...

...we are at a 22 yr high in vacancy rates...kids living with the parents, etc etc..."the worst of times"...(and that's when I look to take positions...at or near the bottom). CLOUDY = BUY / SUNNY = SELL