Something is going on at ABR.....this stock is on a very strong up-tick everyday on higher volume.....I know about short covering but I also know that "It is hard to keep the hat on when there is a strong wind blowing" (earning release May 8).....this stock has made a quick run from about 60 cents a share to close to $3.00...if there is a leak, it has now become a flood! At this time I am still long RSO, NRF, ABR, & etc.
ABR was/is a solid REIT. Its price was being driven down due to a death of a construction worker on one of its projects, which shut the project down. Thus, ABR was having trouble moving forward and with its debt service.
It may be that the investigation of the death has been completed and construction has resumed.