Tuesday, March 11, 2008

Bear Stearns

I mentioned last night that to me the tell on the financials was BSC, they denied insolvency rumors and the stock still closed down 8 bucks. Today the stock is down because of talk they failed to deliver on a credit payment and Cox from the SEC said that their cash is sufficient. The stock is currently 3 pts. off the low and 10pts. off the high of the day. Let's see what happens this time. About $59.50 right here


About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.