General Growth Properties Inc. (GGP)

[millionflair]

I think we will start to see a gradual rise into the end of day as we have finally upticked to .58 after a couple hour standstill. Expect a couple bumps as usual the last couple hours. Bulls are showing slightly more pull than the bears. Of course one big selloff could change all that. Of course one big buy could..., on and on we could go with the speculating.

Seems like this is where we should be trading. Longs are tired of extensions and no progress toward liquidity. Bears and bulls are close to even strength as no one knows what to think. No one is sure what to think of for Friday and the Rouse bond questions. The high over the last couple months is about .73. The low is around .32. With so much uncertainty and delays, one would expect us to be in the middle. The real average highs and lows are about .66 and .38. Average those numbers and you get, yep, .57. That seems to be reflected in our sideways trading today.

With all the BK speculation and bondholders not coming to agreement, all the uncertainty, we are holding well here in the upper .50's. If people would do their DD, they would see that the net assets of GGP make this a solid long term play with enough quick swings from week to week to entice a daytrader.