Fed Races to Rescue Bear Stearns

[anthrax]

It's LTCM all over again...

 

[PeterProud]

I luv bears

 

[calveless wonder]

lol

 

[Spartacus]

30 a share should we buy monday?

 

[75th]

I wouldnt be surprised if JPMorgan buys them outright.

Additionally, WAMU has been downgraded to Bbb3. One step above junk.

 

[Wulfgar]

I fuckin missed playing the bear sterns crash

I was like a millisecond away from buying a shitload of OTM puts the day it closed at 55

fuck

 

[captainahole]

wouldn't touch it at 30 to much downside at this point. the feds may have come to the rescue but it'll take about 30 days to see if they will stay liquid so you have alot of downside until then.
Look at citibank trading under 20 think should hit around 15 area that would be a great buy.Have an open order to sell some 15.00 sept puts at 2.25 ea. See if I get a fill over the next couple weeks or not.

 

[anthrax]

Lehman Brothers is next.....

 

[heatherrae]

My son has funshine bear. Is this thread about care bears?








lol.

 

[gotmilk]

Dead cat bounce followed by the burial.

My friends at Drake Management just tanked $8 Billion.

I wonder how Slat's hedge is doing lately?