break out looming on rumor refinancing deal

Look for short term opp here with Refinance deal to be announced soon.

Certainly one to put on radar.

Noticed further updates - [Dow Jones] Macquarie DDR Trust (MDT.AU) up 1 cent at 11.5 cents, hits 6-month high of 14 cents after operational update. MDT said its core shopping center portfolio leased rate as at March 31 fell to 90.7% from 92.8% as at Dec. 31. Said U.S. economic conditions remain extremely challenging and dislocated real estate and finance markets are having adverse implications on refinancing and debt position. But it was encouraging to see 8.0% rental increase on new leases and renewals. Company also got an ASX price query, but had no explanation for recent share price trading. Traders have been buying the stock this week to gain some cyclical exposure, noting MDT's low price to book value. Charts suggest potential major bottom, with break above 14.5 cent-19.5 cent area to target 44 cents, according to Dow Jones Newswires technical analysis. (DWR)