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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:

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

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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.
  • 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
  • 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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Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).

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TIM Trades

View All
Date Stock Buy Sell Net
Nov 19 AENY $2.80 $3.02 $1148
Nov 18 NLST $4.16 $4.40 $947
Nov 18 IMGG $1.42 $1.64 $2094
Nov 17 NLST $5.04 $5.59 $2195
Nov 13 VRMLQ $21.50 $22.97 $2901
Nov 11 EONC $2.61 $2.80 $687
Nov 10 EONC $2.74 $3.36 $9784
Nov 6 QXM $4.31 $4.80 $1936
Nov 4 COT $8.66 $8.88 $642
Nov 4 QXM $4.61 $4.89 $822
Oct 30 DDRX $25.70 $26.53 $812
Oct 29 CTDC $4.00 $4.42 $781
Oct 26 AWSL $3.24 $4.10 $2516
Oct 23 RODM $5.27 $5.23 $301
Oct 22 AMLM $2.69 $2.97 $820
Oct 22 USEG $6.12 $6.09 $85
Oct 20 CBOU $8.93 $9.06 $243
Oct 16 VRMLQ $16.79 $18.65 $2773
Oct 13 YONG $11.05 $11.66 $1202
Oct 13 NPHC $0.59 $0.71 $583
Oct 12 IMGG $0.60 $0.70 $682
Oct 9 ZAGG $5.50 $6.10 $2380
Oct 7 GVBP $0.03 $0.27 $702
Oct 1 NPHC $0.70 $0.85 $1482

Total: $98,094 (681%)