How much did you lose/make on BSC?

-4155.60 + 14 in commissions.

 

$0

 

don't have BSC as individual stock, but my ETFs such as SPY sure taking a hit from it.

 

http://news.yahoo.com/s/ap/jpmorgan_bear_stearns

$2 a share buyout by JP Chase.

I am not sure those $2 is out of pity or just for formality.

 

Why? Probably JPM is also in de SPY. They will surge.

Or not?

 

If you don't mind me asking, what was your reasoning for going long and holding on Friday ? Especially at the price you paid.....almost the high of the afternoon.

 

bought in 2005 for about $100 sold for $157 in late 2006

 

Im reading on other message boards of people that owe their brokers tommorrow. One guy had 1300 shares at 36 and another guy had 2000 shares at 32. Both all in on that stock. Some other people that didnt lose everything say they are pulling their money tommorrow. Im wondering if we are really going to see a run on the banks tommorrow.

 

$0

Hey, it could be worse.

Who's that billionare douchebag that bought at 110 and double downed at $70?

 

As much as people speculating Lehman's situation, I don't think Lehman is that bad. Their CEO take a huge bonus last year while BSC has no bonus.

If Lehman ends up like BSC, I imagine SEC will gun for Lehman's CEO. He wouldn't be that stupid.