Discussion in 'Trading' started by NY_HOOD, Jul 31, 2007.
just out. another bear stearns hedge fund in trouble.
BSC Another Bear Stearns hedge fund is in trouble - WSJ (121.22 -6.03) -Update-
The Wall Street Journal reports BSC already forced to shut two hedge funds that bet heavily on the risky subprime-mortgage market, is now facing big losses in a third fund that has roughly $900 mln in mortgage investments, according to people familiar with the matter. The fund, known as the Bear Stearns Asset-Backed Securities Fund, ran into trouble in July and has refused to return investors' money for the moment, according to these people.
That's it, I'm all in. Now that I'm all in, will we reverse?
I'm short, mkt looking weak, and seems like this sub prime stuff continues to spread to other areas of the economy, and other funds. BSC is going to 100!
maybe with a reverse split
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