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Bullboard - Stock Discussion Forum Brookfield Property Partners L.P. BPY

Brookfield Property Partners LP owns, operates, and invests in commercial properties in North America, Europe, Australia, and Brazil. The company focuses on being a global owner and operator of real estate, providing investors with diversified exposure to some of the iconic properties and acquiring high-quality assets at a discount to replacement cost or intrinsic value. Its operating segment... see more

NDAQ:BPY - Post Discussion

Brookfield Property Partners L.P. > Shorts desperate to keep below $15 handle
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Post by magnuswave on Sep 15, 2020 11:53am

Shorts desperate to keep below $15 handle

I expect to see a breakout once we can trade above $15.  Combination of short covering and share buyback should do the trick.  Thinly traded at best of times so we can gap up pretty quickly with issuer buying pressure.  This is hte intent to get back to a fair value.  Either the market does it for us or Brookfield forces it upon hte market.
Comment by Lacas24 on Sep 15, 2020 12:28pm
Completely agree. BPY buying and the oversized short position will force the market to trade us higher.