March 16 at 7:22 pm
- Link
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"The deal values Bear Stearns at $236 million, or just $2 a share. Shares had closed at $30 on Friday, down 47 percent that day." - Paul Buchheit
It traded as high as $70 last week, and now it's $2. That must be some kind of record. http://finance.google.com/fina... - Paul Buchheit
yep. surreal. - j1m
Crazy. Is money invested in other firms safe? I'm starting to wonder what good investment strategies are for this environment. - Chris White
@Chris Euros under your mattress. I'm only slightly kidding. - Erica Baker
@Chris: or gold 12 months ago... *8-( - Tim Connors
Um, this past advice is really useful. Let me just crank up my time machine. :) - Chris White
so which bank is next after Bear? - Tim Connors
Perhaps LEH. They're very highly leveraged. I purchased puts on BSC and LEH on Thursday. Lucky timing... - Ben Davenport
Wow, way to go Ben! - Paul Buchheit
Looks like LEH may have been the right answer - Ben Davenport
perhaps wamu is next - Tim Connors


