Hi RG!
I have to admit I am getting fed up with all of the nonsense and IPT is a good example of what is wrong with the markets. IPT put out earnings that were not at all spectacular, but they did follow up a quarter of net losses by posting a positive net earnings result, and were rewarded by dropping about 20% that week. Citigroup reported losses of billions of dollars, and there are plenty of reasons to believe that the losing trend will continue, yet the stock bounces more than 6% on the day. WTF are people thinking?
cheers!
mike