Simon Property Group Inc. Message Board
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Let me get this str8
SPG rises 25% on potential for winning bid of GGP from early February. Now it rises more because it lost the bid. I consider myself a smart guy but wall street confounds me
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You forgot how much money they saved by NOT buying. I predicted and explained this last week. Prudence is always well-rewarded by shareholders.
- k- 2 Replies to kevattaya
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u can't have it both ways. Face it, bottom line is that the REITs are severely overbought. Problem is the economy still looks like it's recovering. As soon as the numbers start turning negative, the REITs will get crushed. I'm just biding my time, and not investing a thing until I see what the number look like going into the next quarter. I don't buy the recovery on easy money, and sooner or later, something will give, either bonds will skyrocket, REITS will collapse, or the leading indicators will flatten or go negative, and REITs will collapse. I just don't see a compelling reason to own REITS right now. Easy money was made.
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So by sitting on cash rather than buying GGP for $5 per share a year ago is a good thing? And the money they saved has helped them raise their dividend right? No wait, it didn't.
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The anemic volume today tells me someone is dumping shares through a market maker trying to keep the shares up which means it will fall hard end of day once the shares get sold out.
- 2 Replies to tripledaddy123
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could very well be that big money is popping it up in order to get Short, buy Puts at as high a price as they can get it
that seems to be their MO for the past 2-3 years -
simon is the leader, ggp is the tail. ggp went up because of simon- not the other way around.
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