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Old 03-24-2008, 10:59 AM   #81
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Bottom fishing at $2-3 a share would have been a huge gamble that would have paid off big. Someone buying at $3 could have more than tripled their money in a week...
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Old 03-24-2008, 11:16 AM   #82
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you get better odds learning to play poker and going to a casino

the people who were buying the shares did so because they had a lot of money at stake and losing money on the shares would win big in other areas
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Old 03-24-2008, 11:35 AM   #83
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Jamie Dimon is no dummy. Bottom line, he got the Fed to back him so has NO RISK to take over Bear's liabilites. Plus, he knows Bear can't raise any money in the markets or borrow any more money, so he gives them an artificially bid as a way out.

Another bank may come in to outbid JPM, but Jamie is testing the waters on that, and I am sure he is prepared to move the bid to $8-$10 a share if necessary, because all he really WANTS is the clients of Bear, and that to him is worth the money........
Here's my quote from one WEEK ago.........looks like I'm ready for Wall Street...........
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Old 03-24-2008, 11:50 AM   #84
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Here's my quote from one WEEK ago.........looks like I'm ready for Wall Street...........
Yes, you are ready for big time.
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Old 03-24-2008, 11:55 AM   #85
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Here's my quote from one WEEK ago.........looks like I'm ready for Wall Street...........
I hope you put your clients into BSC last week, just as you did with Thornburg a week or two before, when it was trading for a dollar.
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Old 03-25-2008, 08:09 AM   #86
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I hope you put your clients into BSC last week, just as you did with Thornburg a week or two before, when it was trading for a dollar.
Nope, the guys on the stock picking forum spooked me, I guess in the end I'm too wimpy to do those trades on a weekly basis...........

Time to buy some naked puts...........
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Old 03-25-2008, 08:17 AM   #87
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Here's my quote from one WEEK ago.........looks like I'm ready for Wall Street...........
Where did you buy your crystal ball? Can one be found on e-bay?
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Old 03-25-2008, 08:26 AM   #88
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Where did you buy your crystal ball? Can one be found on e-bay?
It's called luck......... I used to work at Chase, and I know a lot about Jamie Dimon and even got the chance to meet him once.

He's a shrewd guy, and would like nothing better than to bury Citi after the way Sandy Weill ousted him..............
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