Jun. 30 at 2:54 PM
The
$XHR setup is a classic contrarian trap that reminds me of the hated years for
$HST.
Most retail traders see a "slow" hotel REIT and run for the exit because they are bored. That is exactly what they said about
$HST when it was just another ignored real estate name.
Institutions do not broadcast their entry. They rely on retail boredom to shake out the weak hands before the next cycle shift. The current consolidation in
$XHR is not a failure; it is the silent floor-building of a major hotel asset player.
Do not be the retail trader who sells at the bottom because of a "boring" chart. The smart money is loading
$XHR while the crowd is looking elsewhere.
