Blanfein and GS are the biggest scumbags in this country .He lied and it's all been about GS for the llast 20 years. Rubin, Paulson, Summers, in and out of Government and always GS wins.They gor paid 100 cents on the dollar from the AIG bailout. So if GS downgraded PLD it means they want to start accumulating it for 2010 and out. They also will be getting the Div which will be increased when they feel they can but if GS is successful now,then if they get thePPS under $10 they get ahealthy 6% div yeild and the appreciation that will fllow down the road when all the sheep follow their BS downgrades. WE need jobs and GS and Buffet are doing such a magnanimous good deed cause Blankfein feels guilty?? Ok so they say they will plow 500MM into job creation. 500mm is chump change as it relates to Berkshire and GS. How much did GS make from the bailout how much did Buffet make from his GS investment? If they really cared they would plow 10 Billion and if they were really serious . How many companies does Berkshire own? he should start a hiring blitz expansion at Sherwin Williams BNI GEICO ( less commercials ) and all thos other companies that master of investing owns. How about his good buddy Bill (no inovation, monopoly power) Gates where's that pricks money form his foundation? Build 15 foot sea walls around the entire USA Coastline build a maglev train to travel cross country at 300mph 12 hrs NY to Cal. create highways that have sensors, renovate 15,000 bridges legalize marijuana and create athe hemp market those few ideas would create millions of jobs and add hundreds of billions to our GDP PLD is agood buy and it should be at leat $20 by the end of 2010 they deleveraged quite a bit and as business inventories rise they need someplace to put them. Then PLD will be building Sloar panels on their rooftops, more savingsor more revenues to pay down more debt. Their avg. LTV is approx 55%
I dunno. I got too scared. Got in at 9.90 in Jan and had to get out at 14.69 today and take my profit and go home. Gone up too much for me, considering it is not making that much profit. I may consider it later if it tanks.
It was also $2.20 not so long ago.
Anyhow, the market can remain irrational longer than one can remain solvent, so trying to short this is like walking in front of a train. When it turns, it's going to dive fast, though.
I don't know how anyone can think that the 25-30% move over the past 6 days is in any way based in fundamentals.
Actually, you might be right as I watch the manipulation going on in this stock. How else do you explain how it's outperforming all the other REITs about 5:1 over the past week? Today for example, the IYR was up .6% when I began typing, yet this is up 4.4%, far outperforming anything else on my watchlist, with absolutely no news or other basis for such a rally.
What's really happening is that there's lots of early morning buying going on which drives it up a few %, then volume dries throughout the day, but never drops the price since the early morning buyers can trickle out their sells to people chasing performance. It's the perfect way to inflate a bubble.