General Growth Properties Inc. (GGP)

[justthefactsmam]

i sold 229 shares of the hhc in my taxable account which gets me down to an even 1000 shares. on the ggp, i wanted to sell 2500 shares just to replenish my cash account and had hoped the new stock issue would spike up the price a bit. now i'm not sure what is going on. esp since you see the gm ipo target price raised. just really wonder what was going on with the thinking when ggp announced its stock offering was going to be priced at 14.75 when the stock closed at 15.40. that certainly seems like a questionable move.

well, simon was down over 3.5% today and the market was also down so maybe not too much to make of this move other than mkt jitters. ireland is not helping things and while i would like to see the idiots who put together those bogus mba's get taken to the cleaners, it would probably cause another mkt crash which would really freak me now. if i get those 2500 shares sold then i really don't care in the short term and i'll be happy to hold 20k shares of ggp and 2k shares of hhc while things work themselves out.