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You dont seem to understand if MER wasnt bought out, today it would be cut in half or much worse, so thain did a good job. And yes i dont think BAC got a good deal, noone really knows why they bought MER at such a premium ($12, 70%). You are a clueless tool.

Usually i dont listen to analysts much less cnbc, but this lady had me, because it just sounded so logical. Got in after hours at 1195 thinking there has to be a bounce above 1200 on first breakdown, got out at 1194 after watching the video. Just not worth it, holding cash. When everyone is...

what the fuck are you talking about. John Thain was the best thing that could've happened to ML. He bite the bullet and sold a huge chunk of the toxic when noone was willing to sell. Then sold mer for $29 (at the time) to BAC. Given the conditions, it is an excellent deal for mer. He probably...

hi jahajee :)

long leh, short mer. now that's a good pair trading to held over the weekend :D

it filed fo chapter 11, shouldnt it be on the otc?

leh opened at 40cents,why is it not delisted?

are you still on saturday timeframe or something? dude it's sunday night now, what's wrong with you.

deal is done at $29. but i dunno if the market is a raging buy. Noone has any idea what's going to happen monday, because i dont think there has ever been a situation where systematic risk was tested in such a way. A primary dealer going bankrupt..i will probably stay out of it. Will...

I really dont understand this. I know MER's book is better than LEHs. But they are paying $29!!! Why didnt they just buy LEH's for 10 times less, which has a good brokerage (what bac wants) as well. makes no sense.

Folks i think we are done, unless fed steps in last minute which is highly unlikely given paulson's strong stance. Time to take the loss, i hope noone was holding on margin. LondonHedger, in the unlikely event you are trading with real money, tough loss dude.

latest news from wsj isnt promising. But the story changes every hour, so no point getting all worked up. Just wait for the announcement on sunday. If there is no deal on sunday, leh will drop to <$1 and a massive panic on wallstreet will result as all the firms trying to cover their...

Well at least some real #s are revealed after all day of media nonsense. If the imd is worth $5billion (real bids), that's about $7 a share assuming the rest of the firm is sold for nothing. But obviously the private equity cannot buy the whole company. So it will be very interesting to see...

i am not clear on what you are saying. Lets say the takeover is for cash at $11, monday open leh gaps up to $10.5 Are you saying leh 2010 strike10 calls will be worth only $0.5-$1(the intrinsic value around the $11 buyout price) instead of say $4 ? thanks.

That's really quite different, at the risk of being insensitive, your personal tragedy is resolved and done with. You are at the next phase where you can focus, where as the OP is still stuck in the middle of his issue that is NOT resolved yet.

Lets say you sell an OTM calendar spread sell jan10 10C buy sept08 10C if leh announces the buyout at $10 over the weekend and stock gaps up to ~$8-10. Do those options basically lose most of their premium and only retain the intrinsic value? vs normal behavior where the...

here we go again.... :D

did anyone follow wm today? it's fucking insane, 50%+ swing

you are right, i just got the answer. I think the web ticket guys are much better than phone support. I could never get anything out of them on the phone.