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JPMorgan (JPM) To Buy Bear Stearns (BSC) For $10 Per Share!

March 24, 2008 at 12:05 am
by timothysykes

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JPMorgan (JPM) in talks to quintuple the buyout price of Bear Stearns (BSC) from $2 to $10/share. Read the Marketwatch article HERE. Basically to shut up angry shareholders–including one very angry billionaire. I’m sure there’ll be updates…

Remember how I said how everyone had an opinion on BSC the other day–shorts said “$2 is guaranteed by theFed”, longs said “no way this deal gets priced so low” and thanks to all the opinions BSC was priced somewhere in the middle @$6…now at $10, turns out the longs, the less popular opinion, were right, you should know what I’m gonna say next:

TIM Lesson: There’s NO way to gets the odds in your favor so never never never play mainstream Wall Street guessing games

UPDATE: I know I posted JP Stearns new logo HERE before, but now I’m getting word it’s being redone to the pic below:

bscnewlogo

Posted in Breaking News, idiots, Peddlers, Randomness, TIM Lessons

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  • JJ

    the fed is trying to keep the markets from a major crash. it’s going to be interesting to see what else the fed will do as more and more of the financial banks fail due to all their greed in the mortgage sector. it’s about time they get their long over-due shake up. keep offering those credit cards and easy money at outragouse interest rates to people who shouldn’t have them and can’t afford them.

  • http://howmuchmoney.net/jpmorgan-jpm-to-buy-bear-stearns-bsc-for-10-per-share/ How much money do I need » Blog Archive » JPMorgan (JPM) To Buy Bear Stearns (BSC) For $10 Per Share!

    [...] David Ethan Kennerly wrote an interesting post today onHere’s a quick excerptJPMorgan (JPM) in talks to quintuple the buyout price of Bear Stearns (BSC) from $2 to $10/share. Read the Marketwatch article HERE. Basically to shut up angry shareholders

  • timsykes

    no shares of MALL to short, but I borrowed SMBL and VVTV…HALO is easy to short

  • daveinjapan

    Get in at a good price on WTV?

  • timsykes

    just shorted 600 VVTV, 5.90ish, not sure if it’ll collapse right away or if there’ll be another spike so i only took a $3,600 position…judging by MALL’s 25% decline, i’m getting a bargain with VVTv only being down 18%…we’ll see, should retrace to $5-$5.25 over the next few days

  • timsykes

    liking this wall of sellers here at 5.90, adding 400 to my short, 5.87

  • dj

    VVTV is trading at $6, have u covered, Tim?

  • dj

    VVTV is trading at $6, Have you covered yet, Tim?

  • dharma

    Have u covered yet, Tim? VVTV is at $6, you are loosing money.

  • timsykes

    damn down to $5.70, now bounce up through the $5.90 wall of sellers to $6, scary stuff, coulda woulda shoulda taken my profits, wanted more than $200, got greedy, even in a strong market, sellers everywhere and earnings coming out on wednesday–they’ve disappointed a few times in a row, lets see how this plays out…wouldn’t be surprised to see some longs not risk it and get out ahead of the report

  • Thomas

    Doesn’t VVTV release earnings tommorow?

  • lmsmith

    umm TiM…. it’s looking like an ugly short

  • dharma

    I agree with Imsmith, u should cover, Tim.

  • Zykosis

    sybd breakout, or somebody on the boards suggested a fakeout. but it’s really good volume today.

  • lmsmith

    for some reason, I rather catch the bottom- where ever that may be…. for example- Mall, couldn’t resist…bought at $10.51…… I knew it hit the bottom for the day, no where to go but back up

  • timsykes

    out at 6.09, not a bad cover, just can’t risk it in such a strong market/MALL rebounding $1+

  • timsykes

    and no matter this bounce, buying MALL is a mistake, these 2 stocks were FORCED up friday afternoon, down 20%-30% on the day is like any other stock being unchanged

  • coolguy

    Impatient Tim is out, VVTV started drooping…..probably will close around $5 ish

  • timsykes

    not impatience this tim, if i was impatient, i’d walk away with $200 profit…this is safety…the market is bottoming, u don’ take on speculative shorts…as COIN shorts are learning the hard way

  • lmsmith

    out at 11.54……. my positions are never more than a day…… great mistake.

  • coolguy

    Tim,
    COIN shorts were long gone, it hit $8 on Friday dropping from $17 just few days ago. I think it was buyer flooded to make COIN move up today than short sellers.

  • timsykes

    LOL, COIN shorts don’t disappear, the company is trash, lots of long-term shorts in there…buyers maybe, but they’re more rational, $1 spikes are short squeezes

  • AllTheDamnNamesWereTakin

    Hello Tim…Just found out about you on a netflix movie about wallstreet warriors….Good stuff.

    Is that show still going?

  • be-the-ball

    Tim,

    There is a “bidder” right now on VVTV bidding 5.94 for 15,000 shares of the stock. How can you tell is he is real or a phony?

  • timsykes

    u have to watch and see how it gets taken out/holds…if it disappears quick its fake, if it gets taken out quickly, its just as bearish if it was fake, if it holds thats good

  • be-the-ball

    thx tim, that one went away and stock fell a quick .10

  • http://www.personalfinanceblog.us personalfinanceblog

    why $10 bid is great for market? I don’t see any reason for market is so strong today…

    I shorted HALO..I saw resistance at $6.95…shorted 1000 @ $6.90..

  • AdamN

    Still holding my short yesterday from $3.68

  • traderjoe7

    short at 3.04

  • bekifft

    In @ 3.05

  • http://www.reapertrades.com Reaper

    Short 3k at 3.055

  • thebabyfacedtrader

    shorted at 3.04

  • http://www.jawaexpress.com enslavedbynumber

    Short 3k@3.03ish Still holding 1/3 of RINO

  • scrillawill

    short 3100 at 3.07

  • wallie123

    short 500 at 3.04

  • TerranFirebat

    I like this short for many reasons… In at 3.05

  • bill

    3K @ 3.08

  • sonid

    I hope we all can make some dough on this

  • http://www.kabam.com tbohen

    I wanted to wait and get closer to the close, I’m along for the ride @$3.02

  • duckncover

    will it fall below 3 before the close?

  • wallie123

    nice pattern as it has showed no strength what so ever all day. I like our chances for panic tomorrow.

  • MC

    What’s with this freaking wall at $3

  • ub7

    Had 50 shares left over at 3.6, shorted 450 more at 3.04

  • hirohyoto

    It’s the great wall of china silly

  • gsp33

    short 1800 at 3.05

    nice that etrade actually had shares for a change

  • duckncover

    took off 2/3 with a small gain +0.03 – did not want to hold the whole thing overnight may add back in AM

  • scrillawill

    i got out again tim made 120 on CHINA love these free trades td gave me

  • scotttmd
  • jde

    Still long $5 puts from yesterday. Nice move so far.

  • richaholes

    in at 3.04…here’s to a rocky pre-market

  • nifri

    Short 1500 CHINA @ 3.04.

  • TerranFirebat

    —————- Jul 28 —————

    Wedbush needs to be investigated!!!

    What the heck happened here?

    RESUME OF WEDBUSH ANALYSIS WHO SCREWED US

    Where is the law? Wedbush Morgan

    WTF Happen!

    —————- Jul 27 —————

    OK I’LL SAY IT……BUYOUT LIKELY COMING

    WOW!!! UP 160% in 11 trading sessions!!!

    China will be $20.00 dollars soon

  • darkblue

    I have account in zecco. But it did not allow me to short CHINA. I also have account with scottrade. Do you guys suggest any brokerage so that i can trade pre market and after market, and short any stock.

  • http://www.test.timothysykes.com timothysykes

    darkblue, look at the bigass logo on every single comment on timalerts.com: http://bit.ly/timtos

  • craigels

    in 3.05