I was watching CNBC at that time. They had
the chart up with the price changing as the trades went through (this
was pre-hour trade). The stock price actually traded up
initially something like $1.50-$1.60, then slowly turned and went
negative. There was plenty of time to get on the short side had someone
chose to do so. I huddled at $50-52 for some time before the big
break. From the commentary the intial reaction was that Bear had been
saved. It was only after it turned, did the talk go to senior bond
holders and whether there would be anything left for
shareholders?
Bottom line no one new whether to buy it or sell
it during that initial news?
Don Ewers
----- Original Message -----
Sent: Friday, March 14, 2008 1:06
PM
Subject: Re: [RT] Bear Stearns
news
The market had topped @
08:45 EST 1337.5. It started to retreat into the open and then went straight
down from there.
----- Original Message -----
Sent: Friday, March 14, 2008 1:59
PM
Subject: [RT] Bear Stearns news
The Bear Stearns news came out at 917 EST this morning, but
the
market didn't respond until 923 EST. Can anyone here tell me
why it
took the market 6 minutes to digest and evaluate this
news? Or
direct me to any blogs where they discuss this
soft of
thing?
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