BAM is just mistakenly in the crosshairs b/c of macroeconomic forces right now; asset management and financial stocks may be falling out of favor for a while. My reply-so what? It is still my favorite long-term position. BAM has a proven long track record of generating tons of cash. This isn't going to change anytime soon and the recent quarterly results confirm that. So, if you can't take the heat, get out of the kitchen. Savvy investors will see this drop as a nice entry point. I'll probably add to my position if it goes any lower.
Tomorrow the Fed starts their meeting, I expect a possible rate cut that would help out this stifled economy. If they don't cut now things will get worse and by the next meeting they'll have to cut.
I agree, great buying opportunities await. Same with R/E, now is the time to pick up that new house with all the extras you couldn't afford before! (given your credit is good or have the cash to purchase out-right).
first of all, why would anyone short a stock with nothing but good news and a stock buy back? then to have it 50% short is a whole other bag. there must be something i dont know that some one else knows. who shorts a stock with great fundamentals and managment? what the F is going on here?
While, based on your post, I am sure there are many things that you don't know, in this case your applicable failing is the inability to realize that there is a difference between the percentage increase in shares short and the percentage of shares short.
This stock is NOT that heavily shorted. Sure it is up 50%, but it is still only 0.25% of the float and it would only take 1-2 days to cover. This number is meaningless. It would require at least 3% of the float to be shorted before it could matter.
The fact of the matter is that this stock is hardly shorted at all.