BUY Citibank (C) ??

[riverbabe]

Can anyone believe Bear Stearns, a triple digit priced stock, as low as mid 20s.

Nope! But I shorted it yesterday in the POTW. Just had a feeling.... River

[altria89]

Great Job RiverBabe

[IIC]

Can anyone believe Bear Stearns, a triple digit priced stock, as low as mid 20s.

I dt'd it today w/ lunch money +.37

[billyjoe]

new,
Look at a 2 year chart of C and ask yourself "why would it stop at 22 instead of continuing down hill". I'm sure thousands of buyers said the same thing at 35 , 30 , and 25 . It can continue going lower and lower.

-------------billyjoe

19..18....17......16.....she's still dropping

------------billy

[IIC]

Dow Jones US Financial Index

[New-born baby]

Can anyone believe Bear Stearns, a triple digit priced stock, as low as mid 20s.

Can you believe it can go much lower? BSC was $170 on Jan 2, 2007. Nobody would've believed that a mere 15 months later she'd be $30. But where is the bottom. That's the question. The bottom may be $0.00.

And watch C now at this $19 support. That is the last support before we see really vicious selling. This support is very strong--but it can fail. And if it fails, piranha will come out everywhere to whittle C down to skeletal size.

JPM is going to try to hold up BSC. But JPM is in trouble, too.

[IIC]

OK...JPM coming to the rescue of BSC...But why is that?

Why doesn't BSC borrow directly from the FED?

Ah...It is a timing issue...BSC cannot wait that long...JPM takes no risk because they pass it on to the FED...Now JPM is not in such hot shape either...But why not get a little fee?

Bernanke & Paulson need to step down IMO...They bit off more than they can chew...They are not the guys for the jobs IMO


BTW...I think Standard & Poors and Moody's should be investigated...Heck, Spitzer isn't doing anything...How about we let him check them out...That is if he has any free time...LOL

[New-born baby]

OK...JPM coming to the rescue of BSC...But why is that?

Why doesn't BSC borrow directly from the FED?

Ah...It is a timing issue...BSC cannot wait that long...JPM takes no risk because they pass it on to the FED...Now JPM is not in such hot shape either...But why not get a little fee?

Bernanke & Paulson need to step down IMO...They bit off more than they can chew...They are not the guys for the jobs IMO


BTW...I think Standard & Poors and Moody's should be investigated...Heck, Spitzer isn't doing anything...How about we let him check them out...That is if he has any free time...LOL

Amen. ...

[IIC]

Repost of something I posted on my thread...Good Riddance

http://www.marketwatch.com/news/story/jp-morgan-buy-bear-stearns/story.aspx?guid=%7B9B6A846F%2DA585%2D4123%2DBB53%2DCB3E07A3CFCE%7D

[New-born baby]

Repost of something I posted on my thread...Good Riddance

http://www.marketwatch.com/news/stor...B3E07A3CFCE%7D

How about the millions of shareholders ripped off in this deal? $2 per share? Lots of folk bought in Friday at $30 per share, thinking they had bought a real bargain, and here's what they get: a $2 bill.

[New-born baby]

Well Doug, with Bear Stearnes dying off, those stock certificates can now be nailed to the wall as trophys of days gone by (kinda like Confederate money)--and that the 5th largest investment bank in the US--it just makes one want to rush off and pick up some C shares while they are still available, doesn't it? And don't forget old JPM, too.

[mrmarket]

Well Doug, with Bear Stearnes dying off, those stock certificates can now be nailed to the wall as trophys of days gone by (kinda like Confederate money)--and that the 5th largest investment bank in the US--it just makes one want to rush off and pick up some C shares while they are still available, doesn't it? And don't forget old JPM, too.

There has to be one bank that survives all this. Cash is good to have right now (and oil shares..hee hee hee)

[IIC]

Class Action Time: http://money.cnn.com/2008/03/12/news...ce=yahoo_quote

[billyjoe]

I guess this means if you were a loyal BSC employee and had a million in BSC stock for your retirement on Wednesday you have $30,000 on Monday. It could be worse if you had 2 million in BSC last April, you now have $25,000 to enjoy in your golden years.


----------billy

[altria89]

An anticipated full point rate cut. Thinking about buying Citi before the end of the day.