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Alpine Global Premier Propertie Message Board

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  • mullagtawny mullagtawny Dec 22, 2008 8:20 PM Flag

    Sorry to say we are heading lower still

    Considering that 200 shares traded at that price,I would not too much faith into it!

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    • You would be amazed how those teeny weeny AH trades so accurately portend the future. If not tomorrow, watch this go below 2.80 in the next week. The bounce from 2.25 was quite violent like the previous bounce from 2.99. I see a revisit to that level if the DOW falls 1000 points from here - could happen easily in the next month. The only way to play this is not for the divvys but the large instantaneous discounts to NAV. It usually bounces hard for the short-term when the discount is over 40%. And then retests it as the NAV falls with the general real estate market. So, 2.80 could be the point where it bounces to 3.50 before testing 2.25. Play the 25% bounces and you will do lot better than holding for the divvys IMO.

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