Wow! I am glad that I never even came close to this Bear Sterns (BSC). JPMorgan has officially bought Bear Stearns for $2 a share. What makes matters even worse is that the stock is currently sitting at $30!!! On top of that the stock was hit $27 down on Friday.
All this should be a lesson or wake up call to those messing with the financial sector. JUST STAY AWAY! Also don’t think because this stock is at $2 that there is no where to go but up. BSC will probably go nowhere.
Be very weary with the market tomorrow. I am just going to sit back and see what happens. Better to be safe than sorry.
More on this topic
(What's this?)
Reconcile This: Former Bear Stearns Exec. Either Lied to FCIC or Pulled An Ollie North
(Wall Street Law Blog, 4/14/12)
Difference maker? An Admission that Bear Stearns Chose Not to Share With Its Shareholders (Correc...
(Wall Street Law Blog, 2/10/12)
JPMorgan Sued Over Mortgage Losses
(ValueWalk.com, 4/2/12)