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BSC..Bear Sterns...Fire Sale.
LondonRoad 08-03-2007, 9:12 PM | Post #204279 |  52 Replies
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I bought Bear Sterns today. This is like the time when MO dropped to $22 and no one wanted to buy...stupid them. Of course, DCA in if you'd like.

Bear Sterns is not going to go bankrupt.

The market right now is throwing the baby out with the bath water. This is the time to be buying and not cashing out.

Remember...

Buy low and sell high.

Originally posted in thread: 10875
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Cashing out
Umpaha 08-04-2007, 2:57 AM | Post #2421548
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not me. :)

Ump

Originally posted in thread: 10875
BSC, buy now?
Guzzo11 08-05-2007, 1:21 PM | Post #2422018
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I only have a 4-letter word for Bear Stearns..

WAIT.

Originally posted in thread: 10875
Fire sale
bevandmichael 08-05-2007, 4:29 PM | Post #2422092
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I think that the shareholders are going to be on fire. Whereas Goldman, BAC, C, JPM, etc. are at the periphery of the meltdown, BSC seems to be at the epicenter. It is the HOV of subprime mortgages with a hedge fund cherry on top.

I passed on this stock when it looked good when I read that it was heavily involved in subprime mortgages. There is no other way for this sector to end but in flames.

Another company may buy Bear cheap after the subprime flames out. I could be wrong, but I think that this plays out over a longer time and I don't think that the Fed will come to the rescue too quickly. Just MHO.

Originally posted in thread: 10875
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WAIT
LondonRoad 08-05-2007, 8:48 PM | Post #2422172
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Wait for what?

Wait for it to go up?

Originally posted in thread: 10875
not me
Umpaha 08-06-2007, 10:37 AM | Post #2422311
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don't have it and not gonna get it, but good luck to you LR.

Originally posted in thread: 10875
I am in the black.
LondonRoad 08-06-2007, 4:20 PM | Post #2422459
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.....

Originally posted in thread: 10875
Good comeback
bevandmichael 08-06-2007, 4:49 PM | Post #2422474
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Good day for Bear and the financials on Monday 8/6. I'm keeping my powder dry, but I'd like to swoop in on a big financial soon--BAC, C, MER, MS I'm looking at. BSC doesn't appeal to me due to its documented problems. Maybe the worst is over and it's on the rise. Hats off to London Road for bravery.

Originally posted in thread: 10875
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HA!
LondonRoad 08-17-2007, 1:10 PM | Post #2426972
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Hate to gloat.

Originally posted in thread: 10875
Re: WAIT
Guzzo11 01-04-2008, 10:52 AM | Post #2472482
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Wait for what?

Wait for it to go up?

 

Still gloating? Remember, buy low and sell high.
 

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Re: WAIT
twinlabs 01-04-2008, 11:08 AM | Post #2472493
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Are you still in the black, London?
Re: Good comeback
Guzzo11 03-15-2008, 10:08 PM | Post #2498169
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Maybe the worst is over and it's on the rise. Hats off to London Road for bravery.

Yeah.. good call.

Wait for what?
Wait for it to go up?

THAT'S what I'm waiting for.
 

 

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Re: Good comeback
sasol 03-16-2008, 5:58 PM | Post #2498449
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Just got the tail end of the news on BSC. It said JPM is to buy it less $30/share. Could this be right? 

Solly

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Re: Good comeback
twinlabs 03-16-2008, 7:07 PM | Post #2498480
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London:

JP Morgan just bot BSC for 2 bucks a share. 
Re: BSC..Bear Sterns...Fire Sale.
Mr. Purrington 03-17-2008, 4:52 AM | Post #2498597
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Congratulations on your purchase.  You have managed to catch the proverbial "Falling Knife."

 

~Mr. Purrington