# Finance guys: Bear Stearns
**URL:** https://forums.speedlife.net/t/finance-guys-bear-stearns/45113
**Category:** NYSpeed Off Topic
**Created:** [March 16, 2008, 4:40pm UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113 "2008-03-16T16:40:21Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@cdvma](https://forums.speedlife.net/u/cdvma)
#### Post date: [March 16, 2008, 4:40pm UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/1 "2008-03-16T16:40:21Z")
Nothing like stock going from 58 and being bought out by JP Morgan at 2. I bet a few people will blow their own head off over this one…
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### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [March 16, 2008, 5:31pm UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/2 "2008-03-16T17:31:55Z")
Nothing like buying puts on it in the 40’s 🙂
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### Author:  [@BigRon](https://forums.speedlife.net/u/BigRon)
#### Post date: [March 16, 2008, 7:01pm UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/3 "2008-03-16T19:01:16Z")
I have a bunch of friends that work there. I will look forward to hearing from them.
I beleive the CFO was a grad from my school so they hired a bunch.
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### Author:  [@Willybeen](https://forums.speedlife.net/u/Willybeen)
#### Post date: [March 16, 2008, 7:11pm UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/4 "2008-03-16T19:11:45Z")
quite laughable …
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### Author:  [@cdvma](https://forums.speedlife.net/u/cdvma)
#### Post date: [March 16, 2008, 7:57pm UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/5 "2008-03-16T19:57:49Z")
> [@BigRon](#):
>
> I have a bunch of friends that work there. I will look forward to hearing from them.
>
> I beleive the CFO was a grad from my school so they hired a bunch.
Yea I’m looking forward to the headlines regarding the buyout on Monday.
The bad part is what does this mean for the other guys? If Bear Stearns walked around with a stock values at 58 like what, four days ago, then its assets are purchased at $2 per share the corporate bonds must be ready to take a giant shit. Can’t be good guys 😕
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### Author:  [@cky89](https://forums.speedlife.net/u/cky89)
#### Post date: [March 16, 2008, 8:01pm UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/6 "2008-03-16T20:01:11Z")
> [@Joe](#):
>
> Nothing like buying puts on it in the 40’s 🙂
Am I reading that wrong, or does that not make sense?
Not trying to be a dick, I’m just confused:(
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### Author:  [@cdvma](https://forums.speedlife.net/u/cdvma)
#### Post date: [March 16, 2008, 8:05pm UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/7 "2008-03-16T20:05:50Z")
If you buy a put on the stock in the 40s but it drops below 40 then you can buy it for the discounted price and sell it for the put price. Basically in this case you can buy the stock for whatever it tanks to tomorrow (say, 2 for argument sake) and sell it for 40 to the guy who wrote a put against your buy. If you were dealing with 1 share it would be buying it for 2 and selling it to the guy for 40. Also doesn’t count any premiums.
Basically, you could make a killing.
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### Author:  [@cky89](https://forums.speedlife.net/u/cky89)
#### Post date: [March 16, 2008, 8:08pm UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/8 "2008-03-16T20:08:01Z")
> [@cdvma](#):
>
> If you buy a put on the stock in the 40s but it drops below 40 then you can buy it for the discounted price and sell it for the put price. Basically in this case you can buy the stock for whatever it tanks to tomorrow (say, 2 for argument sake) and sell it for 40 to the guy who wrote a put against your buy. If you were dealing with 1 share it would be buying it for 2 and selling it to the guy for 40. Also doesn’t count any premiums.
>
> Basically, you could make a killing.
Ah, pretty interesting.
Thanks for the info. :tup:
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### Author:  [@AKUMA\_TO\_TENSHI](https://forums.speedlife.net/u/AKUMA_TO_TENSHI)
#### Post date: [March 16, 2008, 8:09pm UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/9 "2008-03-16T20:09:43Z")
Goldman is about to make an anouncement prety soon also about their losses. Japan is already down by 450+. Fed rates already moved WTF Sunday surprise.Stay long gold and oil.
KK
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### Author:  [@AKUMA\_TO\_TENSHI](https://forums.speedlife.net/u/AKUMA_TO_TENSHI)
#### Post date: [March 16, 2008, 8:12pm UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/10 "2008-03-16T20:12:23Z")
Bloomerg article.
[http://www.bloomberg.com/apps/news?pid=20601087&sid=a.kwMtvHsOL0&refer=home](http://www.bloomberg.com/apps/news?pid=20601087&sid=a.kwMtvHsOL0&refer=home)
KK
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### Author:  [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)
#### Post date: [March 17, 2008, 8:48am UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/11 "2008-03-17T08:48:04Z")
So BSC shares are selling for less then $4 a share right now. You guys going to buy any?
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### Author:  [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [March 17, 2008, 8:57am UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/12 "2008-03-17T08:57:24Z")
> [@cdvma](#):
>
> If you buy a put on the stock in the 40s but it drops below 40 then you can buy it for the discounted price and sell it for the put price. Basically in this case you can buy the stock for whatever it tanks to tomorrow (say, 2 for argument sake) and sell it for 40 to the guy who wrote a put against your buy. If you were dealing with 1 share it would be buying it for 2 and selling it to the guy for 40. Also doesn’t count any premiums.
>
> Basically, you could make a killing.
what he said.
And I will, as soon as the order to exercise goes through. Buy 100 shares for $200-400, sell for $4000 and change. Can’t remember what the exact strike price was.
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### Author:  [@Eazy716](https://forums.speedlife.net/u/Eazy716)
#### Post date: [March 17, 2008, 9:20am UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/13 "2008-03-17T09:20:29Z")
where do you guys buy your stocks? do you use something like e-trade or similar? how happy are you with whatever you use?
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### Author:  [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)
#### Post date: [March 17, 2008, 9:36am UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/14 "2008-03-17T09:36:36Z")
Well i use etrade and overall am not very satified with them at all. It was a beginner mistake to go with them and I just havent bothered to change it yet. As far as who to use im not really sure but i know some of these guys are happy with who they use and can inform you.
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### Author:  [@cdvma](https://forums.speedlife.net/u/cdvma)
#### Post date: [March 17, 2008, 9:41am UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/15 "2008-03-17T09:41:53Z")
I use a Fidelity brokerage account. Works well and the fees are a bit higher than the ones you see advertised on TV but its great. Could be a little better with their charts and stuff but [finance.google.com](http://finance.google.com) is good for that. In terms of service and things like that its great.
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### Author:  [@Nikuk](https://forums.speedlife.net/u/Nikuk)
#### Post date: [March 17, 2008, 10:20am UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/16 "2008-03-17T10:20:27Z")
Fidelity Brokerage here. quick & accurate. no real complaints. Fee schedule is about on par.
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### Author:  [@Daddie](https://forums.speedlife.net/u/Daddie)
#### Post date: [March 17, 2008, 10:22am UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/17 "2008-03-17T10:22:56Z")
Bear Stearns was a shit ass bank anyway.
LoL @ their building being worth $8/share, but everything getting bought out for $2
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### Author:  [@Daddie](https://forums.speedlife.net/u/Daddie)
#### Post date: [March 17, 2008, 10:24am UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/18 "2008-03-17T10:24:32Z")
PS. JPM is up 9% HAH
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### Author:  [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)
#### Post date: [March 17, 2008, 10:28am UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/19 "2008-03-17T10:28:52Z")
> [@Daddie](#):
>
> Bear Stearns was a shit ass bank anyway.
>
> LoL @ their building being worth $8/share, but everything getting bought out for $2
So what do you think the outcome for BSC will be at the end of this? Think JPM will restructure and revive it? If so wouldnt their be quite a potential on its current cheap price?
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### Author:  [@chino](https://forums.speedlife.net/u/chino)
#### Post date: [March 17, 2008, 10:33am UTC](https://forums.speedlife.net/t/finance-guys-bear-stearns/45113/20 "2008-03-17T10:33:21Z")
lol our company dumped bear stearns not so long ago - looks like it was a good move 😃
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