The recent Extreme Unemployment Numbers compounded by last years end of year foreclosure numbers both spell horror in Real Estate Projects. The Reits will not succeed. This stock has seen a lot of peeks and at this time it is in the middle of a three day free fall, having broken through several resistance levels. In the short term I am not taking advantage of a bounce off of any resistance. Over the five year term I have identified a nice price point which often precedes a major drop. This is a two month to three month trade.
$54.06 (06/09/08)
