Bear Stearns fell $27 on Friday to close @ $30 and worth $2 tomorrow.

[Poker]

well your stop should be in a place that will prevent a margin call Really you shouldn't even enter the trade unless you can cover the risk...this is essentially what Stearns did on a huge scale eh? As far as a target goes (where to cover) you can let the market take you out thru the use of trailing stops.

[Area52]

Shorting stocks.
http://www.fool.com/FoolFAQ/FoolFAQ0033.htm

[Doc Com]

Originally Posted by Poker

Really you shouldn't even enter the trade unless you can cover the risk...this is essentially what Stearns did on a huge scale eh?

OOOoo! Ouch...the one-two knock out punch!

That is exactly what happened.

And tried their best to hide it from employees, shareholders, and investors.

[Poker]

yep...what did you know and when did you know it

That's one of the main reasons technical analysis is so sweet...like video of a crime, charts don't lie.

[Doc Com]

Originally Posted by Poker

yep...what did you know and when did you know it

That's one of the main reasons technical analysis is so sweet...like video of a crime, charts don't lie.

I imagine we'll see quite a shakeup in the post-purchase when the dust settles and look at when and by who shares were sold.

I can not imagine that someone like their former CEO Jimmy Cayne (ousted a couple of months ago after one of their top funds collapsed) would let his shares valued at $900 million dollarscollapse like their number one fund.

And this right here is enough to put people behind bars (pay particular attention to the date):

http://money.cnn.com/2008/03/12/news...n=money_latest
Bear Stearns CEO: We'll meet estimates
Investors cheer after Alan Schwartz says the bank has a $17 billion safety net and its liquidity remains intact.

March 12, 2008: 12:52 PM EDT

NEW YORK (AP) -- Shares of Bear Stearns Cos. leaped Wednesday after the investment bank's chief executive said he is "comfortable" that the company's profit will fall within the range of analysts' estimates for the first quarter.

In an interview with CNBC, Alan Schwartz said he expects Bear Stearns fell within the range of estimates that analysts on Wall Street forecast for the fiscal first quarter, which ended last month.

Analysts' expectations for profit range from 46 cents per share to $1.61 per share.

Schwartz also denied rumors that the company's liquidity is under threat. Bear Stearns still has a $17 billion cushion against losses, he said.

"Our balance sheet has not weakened at all," he said. "We don't see any pressure on our liquidity."

Bear Stearns' (BSC, Fortune 500) stock spiked $3.33, or 5.29%, to $66.30 in morning trading Wednesday. The shares have traded in a range of $55.42 and $159.36 in the past year.

[Focus]

Famous last words from the piece o' chit..

[jasdon11]

Originally Posted by Doc Com

And this right here is enough to put people behind bars (pay particular attention to the date):

http://money.cnn.com/2008/03/12/news...n=money_latest
Bear Stearns CEO: We'll meet estimates
Investors cheer after Alan Schwartz says the bank has a $17 billion safety net and its liquidity remains intact.

March 12, 2008: 12:52 PM EDT

NEW YORK (AP) -- Shares of Bear Stearns Cos. leaped Wednesday after the investment bank's chief executive said he is "comfortable" that the company's profit will fall within the range of analysts' estimates for the first quarter.

In an interview with CNBC, Alan Schwartz said he expects Bear Stearns fell within the range of estimates that analysts on Wall Street forecast for the fiscal first quarter, which ended last month.

Analysts' expectations for profit range from 46 cents per share to $1.61 per share.

Schwartz also denied rumors that the company's liquidity is under threat. Bear Stearns still has a $17 billion cushion against losses, he said.

"Our balance sheet has not weakened at all," he said. "We don't see any pressure on our liquidity."

Bear Stearns' (BSC, Fortune 500) stock spiked $3.33, or 5.29%, to $66.30 in morning trading Wednesday. The shares have traded in a range of $55.42 and $159.36 in the past year.

If this guys stays out of prison (or alive), it'll be a miracle!

Too young to die - too stupid to live....

[PREDATOR]

Originally Posted by jasdon11

If this guys stays out of prison (or alive), it'll be a miracle!

Too young to die - too stupid to live....

Here's hoping.................someone gets their hands on him.
Although, i'm guessing he will will keep hold of tens of million himself.
He prob wont even leave country. Bet he's filmed playing golf with the arseclown from the whitehouse next week.

[Doc Com]

Originally Posted by PREDATOR

Here's hoping.................someone gets their hands on him.
Although, i'm guessing he will will keep hold of tens of million himself.
He prob wont even leave country. Bet he's filmed playing golf with the arseclown from the whitehouse next week.

It is incredible how people can do this. Claiming they had a $17 billion cushion when they were actually $30 billion in the hole.

He probably immediately walked out of this press conference into the Feds office and signed papers for a bail out.

How bold, brazen, and ballsy some people can be is beyond comprehension. This was an attempt to reassure staff, employees, fund managers, and investors that all was all right. Falsely inflated stock, even if for a day, to hurry up and dump it before the bottom fell out.

Not only did the company loose billions, investors and employees lost billions in pension funds and retirements. This has got to be criminal.

You should google images for their downtown Manhattan headquarters. This is what they were talking about with JP Morgan only paying 230 million for the entire company. Their headquarters building alone is valued at over $750 million.

[jasdon11]

Over the next couple of years, how many people will commit suicide due to the fall out from this? It may sound dramatic, but a lot of peoples lives will be thrown into turmoil, so I don't think it's unrealistic.

People get shot every day for the price of a cup of coffee, and less.

[H2FC]

Shorting a stock is when an investor borrows a certain number of shares from their broker and sells it (shorts it) at the current price. They do this when they have reason to believe the stock price is going down. When (and if) the share price does fall to a level they believe to be the bottom, they will buy the shares back at the lower price and they will be automatically returned to the broker. The broker doesn't have to actually own these shares....they simply borrow the shares from other investor accounts.

The investors profit is the difference between the selling price and the buying price. This is an automatic procedure known as "shorting" and anyone can do it who has the necessary back-up capital in their account and has been approved by their broker for such trading.

[tonyfloyd]

my buddy's (floor trader at Bear Stearns) email response to my asking "what's going on with Bear?" on Friday....at 11 am..."WE"RE DONE!"

[jasdon11]

Originally Posted by tonyfloyd

my buddy's (floor trader at Bear Stearns) email response to my asking "what's going on with Bear?" on Friday....at 11 am..."WE"RE DONE!"

Damn it Tony - next time you get some info like that, spread the love, man....

[tonyfloyd]

Originally Posted by jasdon11

Damn it Tony - next time you get some info like that, spread the love, man....

might cost you a few one word generic.com's.....

[jasdon11]

Originally Posted by tonyfloyd

might cost you a few one word generic.com's.....

[Doc Com]

Originally Posted by tonyfloyd

my buddy's (floor trader at Bear Stearns) email response to my asking "what's going on with Bear?" on Friday....at 11 am..."WE"RE DONE!"

That has got to be a horrible feeling.

[tonyfloyd]

Originally Posted by Doc Com

T