JPMorgan (JPM) To Buy Bear Stearns (BSC) For $10 Per Share!
Posted by timothysykes on Mon 24th of Mar, 2008 12:05:22 AM
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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:
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 20 | STXS | $3.21 | $3.48 | $813 |
| Nov 18 | PERY | $4.68 | $5.00 | $640 |
| Nov 11 | IIJI | $2.79 | $2.95 | $442 |
| Nov 6 | CVI | $4.42 | $4.70 | $530 |
| Nov 5 | MECA | $3.68 | $3.95 | $490 |
| Nov 4 | CVI | $5.18 | $4.94 | $472 |
| Nov 4 | CVI | $4.83 | $5.01 | $333 |
| Nov 3 | NAK | $3.30 | $3.37 | $157 |
| Oct 31 | IDAE | $2.18 | $2.18 | $20 |
| Oct 30 | HSNI | $7.37 | $7.86 | $561 |
| Oct 29 | EVC | $1.97 | $2.70 | $1439 |
| Oct 28 | HSNI | $6.92 | $7.30 | $540 |
| Oct 28 | HSNI | $6.20 | $6.00 | $320 |
Total: $35,854 (189%)
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.
no shares of MALL to short, but I borrowed SMBL and VVTV…HALO is easy to short
Get in at a good price on WTV?
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
liking this wall of sellers here at 5.90, adding 400 to my short, 5.87
VVTV is trading at $6, have u covered, Tim?
VVTV is trading at $6, Have you covered yet, Tim?
Have u covered yet, Tim? VVTV is at $6, you are loosing money.
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
Doesn’t VVTV release earnings tommorow?
umm TiM…. it’s looking like an ugly short
I agree with Imsmith, u should cover, Tim.
sybd breakout, or somebody on the boards suggested a fakeout. but it’s really good volume today.
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
out at 6.09, not a bad cover, just can’t risk it in such a strong market/MALL rebounding $1+
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
Impatient Tim is out, VVTV started drooping…..probably will close around $5 ish
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
out at 11.54……. my positions are never more than a day…… great mistake.
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.
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
Hello Tim…Just found out about you on a netflix movie about wallstreet warriors….Good stuff.
Is that show still going?
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?
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
thx tim, that one went away and stock fell a quick .10
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..