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BSC..Bear Sterns...Fire Sale.
LondonRoad 08-03-2007, 9:12 PM | Post #204279 |  52 Replies
0  
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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Re: BSC..Bear Sterns...Fire Sale.
twinlabs 03-17-2008, 8:14 AM | Post #2498630
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London,

Are you gonna buy Lehman today? It's down to $25 and some change.....so far. 

Re: BSC..Bear Sterns...Fire Sale.
xenogear3 03-17-2008, 9:00 AM | Post #2498642
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If you bought BSC at $70, buy some more at $2 to average down (or up).

You cannot lose with "buy and hold" and DCA.

Re: BSC..Bear Sterns...Fire Sale.
EagleTed 03-17-2008, 9:45 AM | Post #2498651
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Amazing, the NYSE still has BSC listed and it's selling for $5 a share. Great opportunity for shorters to cover their positions (and the longs to get $3 more than JPM will ultimately pay).
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Re: BSC..Bear Sterns...Fire Sale.
xenogear3 03-17-2008, 10:27 AM | Post #2498664
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the NYSE still has BSC listed

The shareholders at BSC still have to approve the deal.
Also BSC may find a different buyer to buy at a higher price.

Whatever it is, BSC is too risky to buy or short sell. 

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Re: BSC..Bear Sterns...Fire Sale.
bubbygator 03-17-2008, 2:35 PM | Post #2498745
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I lost my a** a year ago with a similar deal.  I sold aftter stock had gone from 70 to 10.6.  3 months later all common and preferred div had been stopped & it was selling at 3; 6 months after that it was at 1.10 on the pink sheets.

Best of luck.

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Demise
ancient 03-18-2008, 10:20 AM | Post #2498951
2  

Lets hope that this thread marks the end of cocky, arrogant posters like the one who started this thing. Just how "stupid" (as the original poster suggested) was anyone who didn't follow their advice? I'd extend this hope to the "penny stock mavens" who sometimes haunt these boards, attacking anyone who disagrees as a "penny stock basher" or worse.

(long - civil discourse)

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Re: Demise
xenogear3 03-18-2008, 10:36 AM | Post #2498957
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Bear is at $6 now. 

If you listen to me average down yesterday (at $3), you are up 100%.

 

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Re: Demise
EagleTed 03-18-2008, 6:21 PM | Post #2499138
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After that you made the remark that it was too risky to buy or short, xeonogear. (yeah, I know you were being facetious).

Besides, I'm the one that predicted the Dead Cat Bounce, LOL 

 

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Re: Demise
KoalaBear33 03-19-2008, 6:22 PM | Post #2499589
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For what it's worth, LondonRoad probably made money off this. She said she usually sets stop-losses so she probably had a big gain on this...
the problem with stops
hollowcave 03-19-2008, 9:55 PM | Post #2499655
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Putting in a stop-loss order on BSC Friday near $30 share would not have helped, and this shows one of the weaknesses of stop loss orders. The stock opened near $3 on Monday, a gap down. Shareholders really got creamed here. Only the purchase of puts would have helped, but at the time, they looked expensive.

 

 

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Not the best call
LondonRoad 03-21-2008, 5:15 PM | Post #2500135