A good time to buy banks stocks?

This is a discussion on A good time to buy banks stocks? within the General Trading Chat forums, part of the Reception category; jpmorgan chase offered $2 a share you have now paid over $7. people seem to think someone will offer a ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Mar 18, 2008, 5:43pm   #15
Joined May 2004
jpmorgan chase offered $2 a share you have now paid over $7. people seem to think someone will offer a higher price. maybe, maybe not
breadman is offline   Reply With Quote
Old Mar 18, 2008, 5:46pm   #16
Joined Mar 2008
Quote:
Originally Posted by breadman View Post
jpmorgan chase offered $2 a share you have now paid over $7. people seem to think someone will offer a higher price. maybe, maybe not
when was the deal supposed to happen?
platnum525 is offline   Reply With Quote
Old Mar 18, 2008, 6:00pm   #17
Joined May 2004
sunday night JP Morgan Chase and the Fed bailed Bear Stearns out. i think they are trying to close the deal out within 90 days.
breadman is offline   Reply With Quote
Old Mar 18, 2008, 6:09pm   #18
Joined Mar 2008
Quote:
Originally Posted by breadman View Post
sunday night JP Morgan Chase and the Fed bailed Bear Stearns out. i think they are trying to close the deal out within 90 days.
so when they buy them for 2 a share its a good time to buy?
platnum525 is offline   Reply With Quote
Old Mar 18, 2008, 6:18pm   #19
Joined May 2004
platnum525
did you buy Bear Stearns today
how much did you pay
breadman is offline   Reply With Quote
Old Mar 18, 2008, 6:22pm   #20
Joined Mar 2008
Quote:
Originally Posted by breadman View Post
platnum525
did you buy Bear Stearns today
how much did you pay
bought them with sharebuilder came out to 8.13 with all the fees and bull**** $1640.00 for 200 shares. im new to this
platnum525 is offline   Reply With Quote
Old Mar 18, 2008, 6:32pm   #21
Joined May 2004
Quote:
Originally Posted by platnum525 View Post
bought them with sharebuilder came out to 8.13 with all the fees and bull**** $1640.00 for 200 shares. im new to this
platnum525
you have just bought Bear Sterns at the high of the day.
If JP Morgan Chase do buy Bear Sterns and noone else offers a higher price, you will get $2 for your shares which will mean you lose $6 .13 per share, about $1226 dollars plus dealing fees.
This will not be a good start to your trading.

Last edited by breadman; Mar 18, 2008 at 7:50pm.
breadman is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
A list of good UK day-trading stocks Traderuk Stocks 14 Oct 12, 2010 11:53am
US stocks EOD Adjusted for dividends, GOOD or BAD!!! FT79 Stocks 0 Jul 5, 2005 8:43pm
Good spreadbet companies for US stocks gbr128 Spread Betting & CFDs 3 Jan 19, 2005 12:25pm
Good US Stocks screening software vasanthan Trading Software 6 Jan 18, 2005 12:03pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)