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Prologis, Inc. Message Board

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  • moneyflow1 moneyflow1 Jan 12, 2009 5:27 PM Flag

    start to cover . or your gain will be

    The stock rebounded from $13 to $14 after the outperform rating from Oppenheimer hit the wire..that sucked lots of people in and also forced some shorts out.

    The massive sell-off from $14 to $12.40 thereafter was a strong confirmation/indication of the direction the pps is headed and also of the mkt opinion on the outperform rating.

    The economy is deteriorating further, earnings are expected to be even lower then the analysts forecasts, which have been already lowered, panic has once again grip the mkt and technical levels are being broken to the downside.

    Not a chance shorts will cover, rather feel more comfortable about their positions..

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