BTIM fellow up thought

Fellow Friends, 

New thoughts if margin calls ever send BTIM much below $5.00. (For the record I'm looking for a S.T. 30-50 S&P point rally 1st.) I'm  looking at 12/10 - $5 Strike calls quoted $1.00-$1.50. This is my recommended buy near and below a $1.00 on any break below $5. 

I expect the shorts won't ever quit coming after BTIM. Their  2 Mil + short position is the largest I've seen in last 3 years at a time when the public now holds less than 40% of the outstanding shares. 

I don't know what new info will becoming out before the EPS date 40 days from now. I was not looking for earnings this year but Dr West tells us BTIM will earn money this year. We'll see. 

Doug Kass my favorite fundamental/technical analyst called a market bottom last night on Fast money. He did nail the March '09 bottom to the day. Overall he is more early than I am.

 

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