got a response to my email , page-92

Please excuse a Johnny-Come-Lately to this discussion, but I have found this thread to be very interesting. I respect Famoso's right to express his opinions (and suspect he/she is getting a kick out of the excited responses), but I disagree with his/her stated views. I have traded in and out of GGP a few times in the last few months, looking for some short-term cash flow and have not been disappointed.

However, I believe now is the time to batten down for a longer-term position. The announcements have been very good and the fundamentals look solid. Of course the uptake of the entitlement is going to dilute the SP a bit, but I do not believe it will drive the price down to 1.7c or depress the SP for long. It just gives me - and many others, I suspect - a chance to reduce our VWAP and enjoy the ride to 3c and well beyond.

I have a preference for a technical approach, but believe that, with very low priced stocks, indicators and patterns can be quite rubbery as every 0.1c movement represents a large percentage of the SP. I therefore tend to put more emphasis than normal on fundamentals and, in the case of GGP, I really like what I see.

If the SP does drop to 1.7c - unlikely, IMHO - I will simply see it as another chance to reduce the VWAP, in addition to the entitlement. I think the next few weeks will be very interesting. Thanks to all, DYOR and Happy Trading.