It is time for another update on General Growth Properties (GGWPQ.PK). What a great day / week GGP has had in the stock market. Wednesday, GGP (GGWPQ.PK on OTC) was as high as $3.35 and closed at $3.12. The reason for the run is the accumulating market knowledge that:

(A) the bankruptcy court (Gropper) is going to allow time and market forces to work out the debt refinancing issues of GGP;