first, they have no credibility AT ALL and won't forever or for a long time.
second, the bailout does not bailout equity in the firm. so why won't it go to zero or close to it ?
why isn't bear stearns a short right this second ?
Started by
humble1
, Mar 14 2008 08:46 AM
5 replies to this topic
#2
skyymaster
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Posted 14 March 2008 - 08:54 AM
first, they have no credibility AT ALL and won't forever or for a long time.
second, the bailout does not bailout equity in the firm. so why won't it go to zero or close to it ?
Very GOOD POINT, Hum, Very GOOD. A FOOL and his Money are SOON Parted and the action today says the fools bought what was deceived to be the bottom yesterday.
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#3
Shazzam
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Posted 14 March 2008 - 08:57 AM
they are done - they are a huge prime broker, everyone will bail - biz model done
#4
humble1
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Posted 14 March 2008 - 08:57 AM
and the implications of this all starting because a european bank would not honor their trades, a company with a $400 billion balance sheet !
there is a lot more rot than we are being told.
#5
OEXCHAOS
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Mark S. Young
Posted 14 March 2008 - 11:20 AM
H1, Bear is a short here, but it's going to be volatile. There's probably some value there, but I can't imagine that it's not much lower that current market.
They'll be part of someone else or what's left of them will be.
You don't walk away from something like this intact, I'd say.
Frankly, I don't know why I wasn't short it myself. It would have been the perfect hedge.
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#6
hiker
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Posted 14 March 2008 - 12:26 PM
hi Mark,
BSC 192 month ema is 75.38...the January monthly close was not far above that level
I may remember correctly that "greenie" told us in 2007 that BSC was the best financial institution to short because of its mortgage exposure. Greenie has made some terrific calls.
