Will BSC see $15 or higher price in coming days??

[sealatte]

Will the sharesholders still refuse the new offer at $10/share???
Is there possibility of new offers as stake in BSC gets hot????

My prediction is that we could see $15 by Friday based on speculation that there might be higher price for BSC.. I still think, the majority of the shareholders will refuse the offer.

[sealatte]

interesting article from Router today:

Bear investors may seek restraining order on buyout

NEW YORK (Reuters) - Two Michigan-based pension funds are considering whether to ask a court to temporarily bar JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) from moving forward with its takeover of ailing Bear Stearns Co Inc (BSC.N: Quote, Profile, Research), a plaintiff's lawyer said on Tuesday.

The funds are "presently weighing whether it is appropriate to seek a temporary restraining order in Delaware Chancery Court" on JPMorgan's plan to buy 39.5 percent of Bear Stearns' stock ahead of a shareholder vote on the takeover, said Gregory Nespole, a lawyer for the Police and Fire Retirement System of the City of Detroit.

The Detroit fund last week sued Bear Stearns in Delaware over the proposed JPMorgan buyout, Nespole said. He said the fund is coordinating efforts with another plaintiff, the Wayne County Employees' Retirement System, which filed a separate lawsuit on Monday over the merger.

(Reporting by Martha Graybow: Editing by Steve Orlofsky)

[Hondaboy]

This stock l never die!!!

[englishman26]

I was saying yesterday in the chatroom - this is a conspiracy (not in a bad way - just literally) for the banks to bail themselves out. They will trade it all the way back to $80. I don't really believe this, mind! But this is what it looks like. What JPM/FOMC did averted distaster in the credit swap markets (45 trillion's worth!) and although they're happy to sacrifice BSC, BSC now has the chance to fight. JPM is trying to pull over their top people. Why would they do that if they were really taking them over!? Wait until next week - I think we'll see a $20 offer from GS! Then $30, $60, and then BSC says we're worth $80 - everyone go away! :top:

I like a good conspiracy theory on a tuesday afternoon!

[MrSer]

The sparks gone.

[Rich]

The video is interesting


http://stocktube.blogspot.com/2008/03/bear-stearns-bailout-should-silly-you.html

[Rich]

Three places i could put this,
Jokes,
Bash Cramer.
or here

So here it is!

2931

[sealatte]

looks like either shorts were covering few hours ago when it this pop to $12.00
lets see if it will keep above $11 today maybe even close at or near $12.

or something else that we don"t know?????

[lilturbododge]

bsc, i think is going down!!

[lilturbododge]

James Cayne, Chairman of Bear Stearns Cos Inc sold $61.3 million of his shares of the company according to a filing on Thursday, signaling the bank's shareholders are unlikely to get a higher price for their shares.

[john_for_u80]

James Cayne, Chairman of Bear Stearns Cos Inc sold $61.3 million of his shares of the company according to a filing on Thursday, signaling the bank's shareholders are unlikely to get a higher price for their shares.


CEO did not sell when the stock price was high & he thought BSC is fine but then that dog was ready to sell for $2 which makes him seems useless guy. He now sold around 10.8

This is a big manipulative game. If CEO thinks that BSC will go for $10, that doesnt mean it will go. Lets see the game.

I have 127 stocks of BSC & i am losing around $200, lets see what happens :)

[Hondaboy]

http://www.nytimes.com/2008/03/28/business/28bear.html

here is the story on that guy

[Rich]

http://www.nytimes.com/2008/03/28/business/28bear.html

here is the story on that guy

Personally, I think the guy deserves a good kick in the ass!

Do a search on him and you will find:

Many of the times BSC was in serious trouble this jerk was pLaying bridge and golfing when the hedge fund was in process of going under, he ignored the other bankerss who called him to perform corrections and played Bridge and some report he was smoking pot! THis was in July, and in August it was reported by CNBC that BSC might just be bankrupt! BUT this scum bag had time to post his golf scores on a web site during all these trying times.

When he was hired he didn't have ANY skills except being a scrap metal sales person. He got his job at a Bridge game by one of CEOs of BSC. The owner when asked about hiring him with no experience or education in this field, replied, "all he can do is loose xxx billions of dollars!" Well, he did just that!

During many extreme situations with BSC and playing bridge or golfing with Gates he made hundreds of millions of dollars while many investors who trusted this guy to do his job worked their asses off just to make a living!!! I feel he is another Jeff Skilling, the difference is Skilling cooked the books at Enron, Cayne let them burn by ignoring them by NOT DOING HIS JOB, while investors money was on fire he was playing games and smoking pot!! If he was in the military he would be arrested for dereliction of duty!

Remember that video of the guy shooting around a tree trying to kill his broker because the broker took a light attitude about this dude loosing all his money? Don't be surprised if this doesn't happen to Cayne.

Imagine someone who is in retirement and their portfolio was heavy with this stock, now what do they have to do. THis jerk while playing golf and bridge destroyed and most certainly effected everyone, MANY stocks are down because of this event~ 100 years ago they would hang this creep and there would be a run on all the CEO's for making so much and doing so little. Maybe not justified for all CEO's, but personally I think most are guilty of the same crime.

Rich

[Rich]

They will make a movie about this some day, its almost unbelieveable.
Visit these sites in order to get the entire picture of this amazing story.

What isn't told on this site is the biography of Cayne prior to BSC. He was in college, went into the

.

-- 1969: At a New York bridge tournament, future Bear Stearns CEO Alan “Ace” Greenberg meets a 35-year-old Jimmy Cayne, then gainfully employed as professional card player. Impressed by Cayne's stage presence and pluck, Greenberg offers him a job as a Bear stockbroker on the spot, without seeing a resume or checking references. As they sealed the deal, Greenberg famously said to Cayne, "What's the worst that can happen? You destroy $100bn in shareholder capital?" As far as we know, it is the only instance of an individual being hired for a Wall Street job at a bridge tourney.


.
http://dealbreaker.com/2008/03/how_to_think_about_how_a_potsm.php

http://en.wikipedia.org/wiki/James_Cayne


.

[pedrom727]

BSC shareholders are lucky enough they are getting $10, don't get greedy on this stock. JP Morgan upped the bid because it's still a deal for them at this price when they are only taking the first billion in losses and getting a great building as well. Dimon probably doesn't want to use up time and resources in court to appease the shareholders and just wants to get this done with. I would not stick around much longer, be sure to stop out at $10.