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

27 Responses

1. 1JJ

   March 24th, 2008 at 12:21 am

   

   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.

2. 2timsykes

   March 24th, 2008 at 7:24 am

   

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

3. 3daveinjapan

   March 24th, 2008 at 7:45 am

   

   Get in at a good price on WTV?

4. 4timsykes

   March 24th, 2008 at 8:13 am

   

   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

5. 5timsykes

   March 24th, 2008 at 8:44 am

   

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

6. 6dj

   March 24th, 2008 at 9:12 am

   

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

7. 7dj

   March 24th, 2008 at 9:13 am

   

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

8. 8dharma

   March 24th, 2008 at 9:16 am

   

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

9. 9timsykes

   March 24th, 2008 at 9:16 am

   

   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

10. 10Thomas

    March 24th, 2008 at 9:17 am

    

    Doesn’t VVTV release earnings tommorow?

11. 11lmsmith

    March 24th, 2008 at 9:22 am

    

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

12. 12dharma

    March 24th, 2008 at 9:28 am

    

    I agree with Imsmith, u should cover, Tim.

13. 13Zykosis

    March 24th, 2008 at 9:28 am

    

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

14. 14lmsmith

    March 24th, 2008 at 9:42 am

    

    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

15. 15timsykes

    March 24th, 2008 at 9:42 am

    

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

16. 16timsykes

    March 24th, 2008 at 9:44 am

    

    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

17. 17coolguy

    March 24th, 2008 at 9:51 am

    

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

18. 18timsykes

    March 24th, 2008 at 9:54 am

    

    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

19. 19lmsmith

    March 24th, 2008 at 9:54 am

    

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

20. 20coolguy

    March 24th, 2008 at 10:12 am

    

    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.

21. 21timsykes

    March 24th, 2008 at 10:14 am

    

    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

22. 22AllTheDamnNamesWereTakin

    March 24th, 2008 at 10:40 am

    

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

    Is that show still going?

23. 23be-the-ball

    March 24th, 2008 at 10:52 am

    

    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?

24. 24timsykes

    March 24th, 2008 at 11:09 am

    

    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

25. 25be-the-ball

    March 24th, 2008 at 11:20 am

    

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

26. 26personalfinanceblog

    March 24th, 2008 at 2:40 pm

    

    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..

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