General Growth Properties Inc. (GGP)

[Call BR549]

I really hope that we stabalize and it does not go down that far; but the trend of the SPX is downward now and will need some solid good news to turn it the other way - typical correction.

I see that a Buffet scout is looking for aquisitions in europe; which means they see sufficient fear and good deals to buy. Perhaps this will not tank below 9 or 10 - I really hope not; however, will be loading up at 8 in case there is a major sell off for some reason. In these volitile times of markets, I could see getting lucky and catching a boat load at these lower prices - prices that I have pulled out of my hat...

I doubt that the bidding will be lowered all that much and I continue to see this as one of the most solid stocks out there, in terms of not being in the big investors hands yet.