DRE showing extreme weakness

Discussion in 'Trading' started by briannesmith, Feb 5, 2010.

  1. On Feb. 2, Stifel analyst John Guinnee downgraded Duke Realty [DRE] to sell. From 2003-2005, he had been Chief Investment Officer of Duke (http://www2.stifel.com/site/content.aspx?id=192&aid=233). Guinnee didn't ask a single question on the conference call, he just downgraded to sell.

    Since then, the stock has dropped 10% with daily dumps of 1M shares at the close. It is also seeing weakness this morning, although that might be mitigated by the better-than-expected numbers.

    GLTA and do your own due diligence.
  2. Good call. DRE down 4% since OP. 10% over last 10 days.

    DRE goes ex-div tomorrow. The market is rallying like crazy, and DRE is down 1.3% the day before ex-div.

    I assume a slaughter tomorrow, when those who have been holding for div liquidate.
  3. Dre: continues to plummet. now down 2.3% day before ex-div.