Hines Real Estate Investment Trust Inc. has announced today that its third public offering was declared effective by the Securities and Exchange Commission on July 1, 2008. Hines REIT has raised over $2 billion in proceeds through its two previous public offerings. The third offering of Hines consists of $3 billion in shares of common stock initially priced at $10.66 per share. The REIT intends to use the proceeds from this offering to continue to invest in office properties.
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"Catching a falling knife" is the analogy used lately to describe trying to figure out just the right time to buy a stock these days, since presumably the Dow Jones and all the other indexes will not, in fact, descend to zero. Eventually, fundamentals will re-assert themselves in the case of some stocks, and some will rise again. But when? Not today, mostly. The DJIA ended down 128 points at 8,451.19, after bounding up and down all day (at one point, below 8,000). About 2.95 billion shares changing hands on Friday, a very high volume. Some investors are trying to catch that knife.







