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BSC..Bear Sterns...Fire Sale.
LondonRoad
08-03-2007, 9:12 PM | Post #204279 | 52 Replies
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 | PostID #2421548
not me. :)
Ump
Originally posted in thread: 10875
BSC, buy now?
Guzzo11
08-05-2007, 1:21 PM | PostID #2422018
I only have a 4-letter word for Bear Stearns..
WAIT.
Originally posted in thread: 10875
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Bear Stearns
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 | PostID #2422172
Wait for what?
Wait for it to go up?
Originally posted in thread: 10875
not me
Umpaha
08-06-2007, 10:37 AM | PostID #2422311
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 | PostID #2422459
.....
Originally posted in thread: 10875
Good comeback
bevandmichael
08-06-2007, 4:49 PM | PostID #2422474
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 | PostID #2426972
Hate to gloat.
Originally posted in thread: 10875
Re: WAIT
Guzzo11
01-04-2008, 10:52 AM | PostID #2472482
Wait for what?
Wait for it to go up? Still gloating? Remember, buy low and sell high.
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class
Re: WAIT
twinlabs
01-04-2008, 11:08 AM | PostID #2472493
Are you still in the black, London?
Re: Good comeback
Guzzo11
03-15-2008, 10:08 PM | PostID #2498169
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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classworst
Re: Good comeback
sasol
03-16-2008, 5:58 PM | PostID #2498449
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 | PostID #2498480
London: JP Morgan just bot BSC for 2 bucks a share.
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JP MorganBSC
Re: BSC..Bear Sterns...Fire Sale.
Mr. Purrington
03-17-2008, 4:52 AM | PostID #2498597
Congratulations on your purchase. You have managed to catch the proverbial "Falling Knife." ~Mr. Purrington
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managed
Re: BSC..Bear Sterns...Fire Sale.
EagleTed
03-17-2008, 7:12 AM | PostID #2498613
With the news of $2 a share buyout of BSC, all financials will suffer. There may be some fire sales today. This thing is snowballing. Every highly leveraged financial is suspect and will see their ability to raise funds drying up, which may force more of them into the mouths of bigger, stronger fish, it's only a safe haven until the bigger fish chomps down.
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Re: BSC..Bear Sterns...Fire Sale.
twinlabs
03-17-2008, 8:14 AM | PostID #2498630
London, Are you gonna buy Lehman today? It's down to $25 and some change.....so far.
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Re: BSC..Bear Sterns...Fire Sale.
xenogear3
03-17-2008, 9:00 AM | PostID #2498642
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.
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BSC
Re: BSC..Bear Sterns...Fire Sale.
EagleTed
03-17-2008, 9:45 AM | PostID #2498651
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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NYSEJPMBSC
Re: BSC..Bear Sterns...Fire Sale.
xenogear3
03-17-2008, 10:27 AM | PostID #2498664
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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shortNYSEBSC
Re: BSC..Bear Sterns...Fire Sale.
bubbygator
03-17-2008, 2:35 PM | PostID #2498745
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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Stockspreferred
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