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Government Properties Income Tr Message Board

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  • natelew2002 natelew2002 Aug 1, 2012 10:03 AM Flag

    OK, why the price drop?

    good point; if secondary, some would short now knowing they would cover with shares delivered in a secondary. However, a very successful secondary would be good shareholders as allows them to purchase more properties in this market. So secondary would be a short term blip; more likely than not it looks to be someone putting pressure on the open this morning and once their selling position is finished the stock returns to where it opened today at $23 seems plausible. Recently, this one broke through 200 day moving avg. which is a strong technical indidactor and fundamental indicator on the strength of the portfolio relative to other office REITs.

 
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21.26+0.39(+1.87%)Jun 24 4:04 PMEDT