American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures T.HOT.DB.V

Sudden Surge in Price?

[Compypaul]

Any ideas why this suddenly rose in price by 25% today? I haven't seen any news that would merit it...

[ReitsRus]

Was thinking the same thing, I'm glad to see someone posting something of interest in here other than the same daily post, I'm hugely underwater on this! 

[Compypaul]

  Yeah, I'm down pretty significantly here too. I'm hanging on because I believe, as Flamingogold reasons, that there is some inherent value in these properties and that eventually, that value will be realized. I'm hoping today's movement is some indication of that.

[flamingogold]

Earnings is May 8, could be some buying ahead of that. We will get an update on the status of the targeted dispositions in the portfolio. Right now the best thing in our camp is 1) no recession and 2) management is taking all stock in lieu of of a salary,  Ask yourself if you were on the board and thought this was a dead duck would you stay on and accept worthless stock instead of cash? The

[flamingogold]

To add to my earlier comment, the other possibility is a general broadening out fo the market. Tech and the Magnificent Seven or Fabulous Four have led this market the last year until now. Tech is now showing signs of weakening and it's very possible some large gains are coming out of that sector and looking for new opportunities into the wider market and some heavily beaten up equities.

[FernandoPessoa]

Here's what a knowledgeable investor with a relatively deep interest in HOT.UN said on another message board recently: "However, despite the good performance, the market value of my stock is currently quite low, sitting at around $45,000 with each share priced at $0.57. If the stock price keeps dropping, I plan to sell off some of my other stocks and use the money to buy more shares of

[marilynmao]

Finally, I can take a deep breath!

[mbuch]

Not too deep I hope. This aint out of the woods yet. Let's see what May 8th brings...

[perplexed01]

well may 8 is here....down another 15%.  i wonder who is buying the shares being dumped today and how they see this stock going anywhere but 0?