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Prologis, Inc. Message Board

  • purnelldodge purnelldodge Nov 24, 2008 7:24 PM Flag

    ProLogis could bid for Cecil after all

    Is this why they are trading down today?

    To correct a report last week, ProLogis said Monday it may bid to become the master developer of Cecil Commerce Center and is considering developing property at Cecil Field, said the company spokeswoman Mo Sheahan.

    More spending? right now the market doesnt wnt to see developement.

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    • Yep, bullseye!

      http://www.bizjournals.com/jacksonville/stories/2008/11/24/daily6.html

      :snip:

      Monday, November 24, 2008 - 12:43 PM EST
      ProLogis could bid for Cecil after all

      To correct a report last week, ProLogis said Monday it may bid to become the master developer of Cecil Commerce Center and is considering developing property at Cecil Field, said the company spokeswoman Mo Sheahan.

      Sheahan said she incorrectly told the Jacksonville Business Journal that ProLogis wouldn’t respond when the city puts out requests next month to develop the sprawling Westside property.

      “It’s not a definite ‘no,’” said Sheahan.

      She said the world’s largest developer, owner and manufacturer of distribution warehouses was also still in discussion with the Jacksonville Aviation Authority to develop part of the 6,000 acres available at Cecil Field.

      ----------------------------------------

      At 9:20 AM EST a 5 minute shows a break in upward trend. Had this news story not have broke we may have closed at $3.27 for a gain of 7% or $3.60 for a 20% gain.

      I'll betcha the recent windfall of unpaid dividends is what PLD is considering for the completion of the Cecil project.

      Why do I keep on picking TURDS?

      • 2 Replies to turd.trader
      • Evidently you do that because you're short, and you continue to post the negative stuff you post because shorts think they must spread the night soil of disinformation to fertilize and grow their short positions. The turd you write about so often is gold, you hope--but only, alas, when it falls. A floater--one that doesn't sink--is not golden.

      • Over-stretched - it's more related to some funds movement less to the Cecil dev or show-me-progress (per david). Should not over-emphasize one-day's action.

        Yesterday we saw funds dumping most of the day until 3:40. The end-of-day rally did not clear out the sellers. Today is not a whole lot different, more dumping, just without the late-day surge.

        It is not shorts either, who the hell wanna short a <3 stock in such a big rally day?

        But I do see an end to it soon, maybe Wednesday will see improvement - it is just too easy to pick up the shares on the cheap. The selling are not sustainable.

 
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