Bear Stearns (fka BSC)

[pelicaninnc]

I cant believe JPM is being bid up on the news.

[cosmoworld7]

this is amazing, will soon break $20

[AngusYoung]

Sold a bunch. Looking for a good re-enter point now. Very strong today.

[The Shadow]

It did and I'm watching.

Very strange, but I like it.

[Hover Lover]

Bear: No Fat Cat Bailout, No Asset Problem Either
Posted Mar 24, 2008 11:12am EDT by Aaron Task in Investing, Recession, Banking
Related: BSC, JPM, ^SPX, ^DJI, ^IXIC, XLF

Shortly before 10:00 a.m. ET, JPMorgan upset traders hoping to ease back to work after the holiday weekend, but gave bulls another shot in the arm. Jamie Dimon's company also made The New York Times' Andrew Ross Sorkin look very good.

By confirming it will raise its bid for Bear to $10 per share from $2, as Sorkin reported late Sunday, JPMorgan seemed to put a capper on this Wall Street drama.

But still at issue is whether the government took too big a role in the Bear bailout, and whether the Fed and Treasury were guilty of bailing out Wall Street at the expense of Main Street.

As a former policymaker at IMF and Treasury, Mark Dow of Pharo Management, a macro hedge fund with over $2 billion in assets, has a unique view of the Bear saga. His take: The Feds were justifiably worried about "systemic risk" and did the right thing in forcing this shotgun marriage. Monday's resumption of strength in the stock market -- especially the financials -- seems to indicate many traders confer.

Dow also has an unconventional view of what really doomed Bear Stearns, arguing it was the firm's use of leverage, not the quality of its assets, that brought down the once hallowed firm.

NO ASSET PROBLEM - does that mean that all of the negativity toward Bear over the last couple of weeks was based solely on perception and fear but that, in reality, its tangeable book value of $84 still stands?

[WANG]

Beauti sofar

[Joker86]

if this break $13 watch out!

[Joker86]

even $10 might not be good enough

[Kheopsis]

so it is official, JPM revised their offer to $10 today. hahaha, i can't believe they thought they could get away with $2. THEY CRAZY!!!

[Stockslayer06]

thats right angus YOU TELL EM

[BillyRay]

I bet those call options are lookin good right now.

[Nachtfueur]

this is the first time ive ever been on a board stock i usually play with penny im newb lol but im getin the hang of it if learned alot over the last year im 21. I know something this stock moves Fast as hell comparison to those pennys i was playin.

[Nachtfueur]

dang we might see Bear stearns on CNN for this nice bounce

[The Shadow]

YES! I don't know about $20.00 by the end of the day though. We are probably as close to the high of the day as we are gonna be unless we have BREAKING NEWS!

[Nachtfueur]

GOOOO bear $12 now $20 probably end of the day lol heck yea

[AngusYoung]

According to you butthead, its going down. Dont expect much reaction from us after your spew earlier.

[The Shadow]

wtf...OK so I called $10.00 but now they are talking $20.00 and it's flying up.

Wish we could find more of these. yeeehaawww!

[oneinamillion]

One week nice BSC gain. Back to SRSR and SWRI stocks for more stocks that can double rather quickly on news. Looking for more of them too.

[Watcher31]

CHA CHING

[Stockslayer06]

wooooohooooooo so this is what it feels like to win the lottery!!!!

[oneinamillion]

Congrats for new longs, Old longs glad you made a little more though you deserve more.

[Poundthetable]

i know i think they need aspirin

[screamingeagle]

What isthe live BSC quote?

[WANG]

Shorts getting killed

[Stockslayer06]

HOME RUN! Like I said last week this opportunity is a once in a decade thing

[Stockslayer06]

I hear that, I dont know what to do at this price right now. I had some paper left from trades last week ( great) but I was also planning on loading up again this morning ( not so great at current price)

[BradL45]

Go Bear GOOOOOOOOOOOOOOOOOOO $13.40

[AngusYoung]

My ST account shows it hit 13.41 already!

[IRISHBULL]

BSC $12 wake up everybody wooohoooooooo

[IRISHBULL]

This deal is great! Their not buying the company at 10, they buying 39% and BSC will be its own company, no merge/buy out! So the stock should go up big IMO

[iOwnSomeBio]

Man! I had the finger on the button @ $3.80 10,000 shares.

[WANG]

it had deal at 2s but traded much higher

[Stockslayer06]

its going higher than 10 because joe lewis wont accept 10

[Stockslayer06]

wooohoooooooooo go BSC!!!!!!!!

[investor911]

Love the news.

[AngusYoung]

What do you guys think this would go to if the $10 deal goes through? Not more than 10 I would think. Am I wrong??

[wEaReLeGiOn]

hinchback- You were saying something about


"wrong again jajajajajaja"


Is "jajajajaja" the same as..


hahahahahaha?


Just wondering :)


Should be an interesting day for BSC et al, hope the CALLS and PUTS players make a killin' :)

[BillyRay]

Nice going to those that got in last week.em

[Renee]

BSC HALTED : http://nasdaqtrader.com/Trader.aspx?id=TradeHalts

[lazyeye]

We're not worthy, we're not worthy....

http://www.montysbluff.com/wp-content/uploads/2007/12/wayne.jpg

Nice call...

[WANG]

Halted for news pending

[hinchback]

awesome

[WANG]

What a gap
weeeeeeeeeeeeeeeeeeeeeeeee

[hinchback]

wrong again jajajajajaja


do math from $5 to $10

[wEaReLeGiOn]

A trade-halt wouldn't surprise me in the least,


smacks Enronian..



The original $2.00 offer caused a brutal sell-off . The ridiculous offer was contrived manipulation to me

[IRISHBULL]

I agree 100% .. I would also like the SEC to check and see who was in heavy with puts and shorts on that one Friday when the stock closed at 30.. Those peeps made a huge killing and Im sure they were tipped off about the $2 offer. Hundreds of millions were made off of BSC because of this manipulation

[Renee]

You ain't kidding it was bogus , IrishBull . The original $2.00 offer caused a brutal sell-off . The ridiculous offer was contrived manipulation to me , as JP Morgan and other big-wigs must have picked up dozens of millions of BSC shares around $3.00 , knowing they would eventually offer $10 . I'll bet they next offer over $20 after they pick up a bunch more around $10-ish .

Rigged low-cost averaging ? ( rhetorical ....cuzz the answer is YES ....IMO )

Time for moi to average up .

[The Shadow]

You and me both. We need some x-baggers once in a while.

[drluck]

10.10$ rt

[IRISHBULL]

Almost $10 now. I knew that $2 was bogus.