Anyone hear any news about this, I just heard it on CNBC. That's why you dont sell naked puts, he deserves it. On a second note, when do you think Bear Sterns becomes a buy? I've been watching this stock for quite sometime looking to invest, never pulled the trigger, almost bought 3k shares off the open, and that was a good idea to balk on those LOL. Now I feel like this stock is trying to catch a falling knife, you may see a good bounce with a nice 15-20% gain next week, but the risk reward is terrible. Any other opinions on buying this for the short-term or long-term?
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Guy loses $800 million selling BSC puts on the open!
- Thread starter Uncle_Ho
- Start date
Quote from Uncle_Ho:
Anyone hear any news about this, I just heard it on CNBC. That's why you dont sell naked puts, he deserves it. On a second note, when do you think Bear Sterns becomes a buy? I've been watching this stock for quite sometime looking to invest, never pulled the trigger, almost bought 3k shares off the open, and that was a good idea to balk on those LOL. Now I feel like this stock is trying to catch a falling knife, you may see a good bounce with a nice 15-20% gain next week, but the risk reward is terrible. Any other opinions on buying this for the short-term or long-term?
You completely butchered the story. He lost that money over the past year, not today.
i thougth the 800 mil was related to joe lewis and his losses
short puts are no more risky than straight long stock if you dont over leverage.Quote from Uncle_Ho:
Anyone hear any news about this, I just heard it on CNBC. That's why you dont sell naked puts, he deserves it. On a second note, when do you think Bear Sterns becomes a buy? I've been watching this stock for quite sometime looking to invest, never pulled the trigger, almost bought 3k shares off the open, and that was a good idea to balk on those LOL. Now I feel like this stock is trying to catch a falling knife, you may see a good bounce with a nice 15-20% gain next week, but the risk reward is terrible. Any other opinions on buying this for the short-term or long-term?
I have a question:
this news story "Bear Stearns Agrees to Secured Loan Facility with JPMorgan Chase"
hit the dow jones newswire at 9:21am. So why did BSC open in the 50s instead of much lower? why did it start toppling at 9:37am, instead of earlier? I don't see a specific news item that hit the wires at 9:37am
this news story "Bear Stearns Agrees to Secured Loan Facility with JPMorgan Chase"
hit the dow jones newswire at 9:21am. So why did BSC open in the 50s instead of much lower? why did it start toppling at 9:37am, instead of earlier? I don't see a specific news item that hit the wires at 9:37am
it actually spiked up at first. people thought it was a good thing until they had second thoughts.Quote from DataCruncher:
I have a question:
this news story "Bear Stearns Agrees to Secured Loan Facility with JPMorgan Chase"
hit the dow jones newswire at 9:21am. So why did BSC open in the 50s instead of much lower? why did it start toppling at 9:37am, instead of earlier? I don't see a specific news item that hit the wires at 9:37am
Quote from Uncle_Ho:
On a second note, when do you think Bear Sterns becomes a buy? I've been watching this stock for quite sometime looking to invest, never pulled the trigger, almost bought 3k shares off the open, and that was a good idea to balk on those LOL. Now I feel like this stock is trying to catch a falling knife, you may see a good bounce with a nice 15-20% gain next week, but the risk reward is terrible. Any other opinions on buying this for the short-term or long-term?
At what point did Enron become a good buy? Why even consider investing in something that could go bankrupt? Go find a good story somewhere else and invest in that.
Anybody that has money at bear is trying to liquidate. a run on the bank.