Home › Forums › Financial Markets/Economics › I think it’s pretty safe to say that Bear Streans is more or less finished.
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LA_Renter.
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March 15, 2008 at 2:06 AM #170413March 15, 2008 at 8:30 AM #170035
LookoutBelow
ParticipantI was short 17K shares yesterday morning….covered at a $22.12 per share profit in the afternoon. 😉
The next IB I have in my target sights is "C"…already loaded for that one, will load more Monday, or after Ben cuts rates again next week possibly. Also, Im VERY short GS right now too, and have been since Dec 07…for what its worth to you traders out there.
Not investment advice here or above, but a peak into my portfolio for the curious.
If you happen to have funds in BSC, move it or potentially lose it. The redemption of funds from large investors on Thursday is what triggered this event yesterday, expect more….LOTS more…Got Treasuries ?
Its NOT the best return in the market, but its the safest right now
Good luck, good trades
March 15, 2008 at 8:30 AM #170369ParticipantI was short 17K shares yesterday morning….covered at a $22.12 per share profit in the afternoon. 😉
The next IB I have in my target sights is "C"…already loaded for that one, will load more Monday, or after Ben cuts rates again next week possibly. Also, Im VERY short GS right now too, and have been since Dec 07…for what its worth to you traders out there.
Not investment advice here or above, but a peak into my portfolio for the curious.
If you happen to have funds in BSC, move it or potentially lose it. The redemption of funds from large investors on Thursday is what triggered this event yesterday, expect more….LOTS more…Got Treasuries ?
Its NOT the best return in the market, but its the safest right now
Good luck, good trades
March 15, 2008 at 8:30 AM #170374ParticipantI was short 17K shares yesterday morning….covered at a $22.12 per share profit in the afternoon. 😉
The next IB I have in my target sights is "C"…already loaded for that one, will load more Monday, or after Ben cuts rates again next week possibly. Also, Im VERY short GS right now too, and have been since Dec 07…for what its worth to you traders out there.
Not investment advice here or above, but a peak into my portfolio for the curious.
If you happen to have funds in BSC, move it or potentially lose it. The redemption of funds from large investors on Thursday is what triggered this event yesterday, expect more….LOTS more…Got Treasuries ?
Its NOT the best return in the market, but its the safest right now
Good luck, good trades
March 15, 2008 at 8:30 AM #170397ParticipantI was short 17K shares yesterday morning….covered at a $22.12 per share profit in the afternoon. 😉
The next IB I have in my target sights is "C"…already loaded for that one, will load more Monday, or after Ben cuts rates again next week possibly. Also, Im VERY short GS right now too, and have been since Dec 07…for what its worth to you traders out there.
Not investment advice here or above, but a peak into my portfolio for the curious.
If you happen to have funds in BSC, move it or potentially lose it. The redemption of funds from large investors on Thursday is what triggered this event yesterday, expect more….LOTS more…Got Treasuries ?
Its NOT the best return in the market, but its the safest right now
Good luck, good trades
March 15, 2008 at 8:30 AM #170473ParticipantI was short 17K shares yesterday morning….covered at a $22.12 per share profit in the afternoon. 😉
The next IB I have in my target sights is "C"…already loaded for that one, will load more Monday, or after Ben cuts rates again next week possibly. Also, Im VERY short GS right now too, and have been since Dec 07…for what its worth to you traders out there.
Not investment advice here or above, but a peak into my portfolio for the curious.
If you happen to have funds in BSC, move it or potentially lose it. The redemption of funds from large investors on Thursday is what triggered this event yesterday, expect more….LOTS more…Got Treasuries ?
Its NOT the best return in the market, but its the safest right now
Good luck, good trades
March 15, 2008 at 8:36 AM #170045ParticipantANOTHER NOTE, because it was mentioned here earlier, if you are relying on the SIPC to guarantee your funds in an insolvent IB, you may or may not have the backstop you think you have, if you do, and they (SIPC/FDIC for others) survive the meltdown were headed for, it can also take 2-5 yrs BEFORE your redeemed the SIPC and or FDIC limits to your account loss.
Best suggestion is short term Treasuries, if you are nervous about the banks. For now anyway.
May you live in interesting times
March 15, 2008 at 8:36 AM #170378ParticipantANOTHER NOTE, because it was mentioned here earlier, if you are relying on the SIPC to guarantee your funds in an insolvent IB, you may or may not have the backstop you think you have, if you do, and they (SIPC/FDIC for others) survive the meltdown were headed for, it can also take 2-5 yrs BEFORE your redeemed the SIPC and or FDIC limits to your account loss.
Best suggestion is short term Treasuries, if you are nervous about the banks. For now anyway.
May you live in interesting times
March 15, 2008 at 8:36 AM #170382ParticipantANOTHER NOTE, because it was mentioned here earlier, if you are relying on the SIPC to guarantee your funds in an insolvent IB, you may or may not have the backstop you think you have, if you do, and they (SIPC/FDIC for others) survive the meltdown were headed for, it can also take 2-5 yrs BEFORE your redeemed the SIPC and or FDIC limits to your account loss.
Best suggestion is short term Treasuries, if you are nervous about the banks. For now anyway.
May you live in interesting times
March 15, 2008 at 8:36 AM #170406ParticipantANOTHER NOTE, because it was mentioned here earlier, if you are relying on the SIPC to guarantee your funds in an insolvent IB, you may or may not have the backstop you think you have, if you do, and they (SIPC/FDIC for others) survive the meltdown were headed for, it can also take 2-5 yrs BEFORE your redeemed the SIPC and or FDIC limits to your account loss.
Best suggestion is short term Treasuries, if you are nervous about the banks. For now anyway.
May you live in interesting times
March 15, 2008 at 8:36 AM #170484ParticipantANOTHER NOTE, because it was mentioned here earlier, if you are relying on the SIPC to guarantee your funds in an insolvent IB, you may or may not have the backstop you think you have, if you do, and they (SIPC/FDIC for others) survive the meltdown were headed for, it can also take 2-5 yrs BEFORE your redeemed the SIPC and or FDIC limits to your account loss.
Best suggestion is short term Treasuries, if you are nervous about the banks. For now anyway.
May you live in interesting times
March 15, 2008 at 9:19 AM #170074patientlywaiting
ParticipantFrom NYT article:
At its closing price of $30 a share on Friday, Bear Stearns was trading at a gaping discount to its reported book value of $80 a share.
The troubles at Bear Stearns have come quickly and savagely and hurt some of the putatively smartest money in finance. From Joseph Lewis, the Bermuda-based billionaire who bought $1 billion of Bear Stearns shares last summer, when the stock was trading at $100 and above, to William Miller, the vaunted value investor at Legg Mason, those who have wagered on a turnaround at Bear Stearns are many.
The demise of the hedge funds began a slow but persistent loss of market confidence in the bank. Such an erosion can be devastating for any investment bank, especially one like Bear Stearns, which has a leverage ratio of over 30 to 1, meaning it borrows more than 30 times the value of its $11 billion equity base.
“The public has never fully understood how leveraged these institutions are,” said Samuel L. Hayes, a professor of investment banking at Harvard Business School. “But the market makers understand this inherent risk. This is a run on the bank, just like Long-Term Capital Management, Kidder and Drexel Burnham.”
March 15, 2008 at 9:19 AM #170401ParticipantFrom NYT article:
At its closing price of $30 a share on Friday, Bear Stearns was trading at a gaping discount to its reported book value of $80 a share.
The troubles at Bear Stearns have come quickly and savagely and hurt some of the putatively smartest money in finance. From Joseph Lewis, the Bermuda-based billionaire who bought $1 billion of Bear Stearns shares last summer, when the stock was trading at $100 and above, to William Miller, the vaunted value investor at Legg Mason, those who have wagered on a turnaround at Bear Stearns are many.
The demise of the hedge funds began a slow but persistent loss of market confidence in the bank. Such an erosion can be devastating for any investment bank, especially one like Bear Stearns, which has a leverage ratio of over 30 to 1, meaning it borrows more than 30 times the value of its $11 billion equity base.
“The public has never fully understood how leveraged these institutions are,” said Samuel L. Hayes, a professor of investment banking at Harvard Business School. “But the market makers understand this inherent risk. This is a run on the bank, just like Long-Term Capital Management, Kidder and Drexel Burnham.”
March 15, 2008 at 9:19 AM #170409ParticipantFrom NYT article:
At its closing price of $30 a share on Friday, Bear Stearns was trading at a gaping discount to its reported book value of $80 a share.
The troubles at Bear Stearns have come quickly and savagely and hurt some of the putatively smartest money in finance. From Joseph Lewis, the Bermuda-based billionaire who bought $1 billion of Bear Stearns shares last summer, when the stock was trading at $100 and above, to William Miller, the vaunted value investor at Legg Mason, those who have wagered on a turnaround at Bear Stearns are many.
The demise of the hedge funds began a slow but persistent loss of market confidence in the bank. Such an erosion can be devastating for any investment bank, especially one like Bear Stearns, which has a leverage ratio of over 30 to 1, meaning it borrows more than 30 times the value of its $11 billion equity base.
“The public has never fully understood how leveraged these institutions are,” said Samuel L. Hayes, a professor of investment banking at Harvard Business School. “But the market makers understand this inherent risk. This is a run on the bank, just like Long-Term Capital Management, Kidder and Drexel Burnham.”
March 15, 2008 at 9:19 AM #170431ParticipantFrom NYT article:
At its closing price of $30 a share on Friday, Bear Stearns was trading at a gaping discount to its reported book value of $80 a share.
The troubles at Bear Stearns have come quickly and savagely and hurt some of the putatively smartest money in finance. From Joseph Lewis, the Bermuda-based billionaire who bought $1 billion of Bear Stearns shares last summer, when the stock was trading at $100 and above, to William Miller, the vaunted value investor at Legg Mason, those who have wagered on a turnaround at Bear Stearns are many.
The demise of the hedge funds began a slow but persistent loss of market confidence in the bank. Such an erosion can be devastating for any investment bank, especially one like Bear Stearns, which has a leverage ratio of over 30 to 1, meaning it borrows more than 30 times the value of its $11 billion equity base.
“The public has never fully understood how leveraged these institutions are,” said Samuel L. Hayes, a professor of investment banking at Harvard Business School. “But the market makers understand this inherent risk. This is a run on the bank, just like Long-Term Capital Management, Kidder and Drexel Burnham.”
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