Bear Stearns & JP Morgan
If i’m not wrong, last thursday BSC was about 60 per share. Followed by friday margin call, the share drop about 50% to 30 per share. And yesterday another GREAT news comes from wall street that JP Morgan acquisition BSC for $2 per share 
This is amazing story for a big giant Bear Sterns, I’m sorry if you are a BSC share holder. Nobody would expect BSC could fall so easily within 2 business days.
The same thing happen to TMA Thornburg Mortgage weeks back, margin call, $12 per share until today’s $2+ per share. However, he still survive and I do hope he can survive in this crisis.
And we’ll see what the Fed can do…
This entry was posted on Tuesday, March 18th, 2008 at 8:29 am and is filed under Investment Pick. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
