Abraxas
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"You do not speak for the rest"
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« Reply #15 on: March 18, 2008, 12:14:30 AM » |
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Sorry Diego, we have an over-active "Spam filter" and we don't really know how to turn it off OR approve posts. So what you can do is if it happens again, you can make another post with some text on it - something like "space reserved" or whatever - and then post it. It should appear without a problem. Then hit the REPLY button so you can see your "spammed" post - Quote it, copy it and then modify the post that said "space reserved" with the quote of you other post. Since the post is already there, you can modify it all you want without worrying about it disapearing. This really shouldn't happen much, though... Anyway, here is Diego's post: |
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« Last Edit: March 18, 2008, 12:18:48 AM by Abraxas »
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Either you repeat the same conventional doctrines everybody is saying, or else you say something true, and it will sound like its from Neptune.
- Noam Chomsky
... you can almost see the high water mark - that place where the wave finally broke and rolled back.
- Hunter S. Thompson
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DIEGO
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« Reply #16 on: March 18, 2008, 03:10:47 AM » |
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Abraxas, thanks for the advice.
Regards,
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OswaldTheOsprey
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« Reply #18 on: March 24, 2008, 07:27:03 AM » |
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Excellent. Great news that the House of Morgan is plunking down at least a little more. OswaldTheOsprey |
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Urbi et Orbi
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DIEGO
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« Reply #19 on: March 24, 2008, 08:17:02 AM » |
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Excellent new but last week Bear Stearns value was $2.00 per share and that value seemed to be OK for the FED. I would like to know opinions of small shareholders, in particular those who sold their shares last Monday.
Last week in "El Pais", one of the most important newspapers of Spain, I read a new titled something like "Keynes returns to help the bank system" and the main idea taken from the new is: no to government participation while there are benefits but when there are bad management and loses (Northern Rock or Bear Stearns) state must break into markets to save free markets not to be pulled down.
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« Last Edit: March 24, 2008, 08:53:24 AM by DIEGO »
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OswaldTheOsprey
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« Reply #20 on: March 24, 2008, 08:47:55 AM » |
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Excellent new but last week Bear Stearns value was $2.00 per share and that value seemed to be OK for the FED. I would like to know opinions of small shareholders, in particular those who sold their shares last Monday.
Last weak in "El Pais", one of the most important newspapers of Spain, I read a new titled something like "Keynes returns to help the bank system" and the main idea taken from the new is: no to government participation while there are benefits but when there are bad management and loses (Northern Rock or Bear Stearns) state must break into markets to save free markets not to be pulled down.
Deregulation has led to this and other messes, At the least strict regulation although I prefer nationalization.
OswaldTheOsprey
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Urbi et Orbi
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Abraxas
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Posts: 4,100
"You do not speak for the rest"
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« Reply #21 on: March 24, 2008, 12:35:01 PM » |
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DIEGO, I was just listening to NPR and they were talking about this. Apparently management just created 95,000 shares (about 39% of the company) to overide all the other smaller share holders and sold them off to JP Morgan.
The guy said there was a "revolt"... but I don't know what that means. He didn't go into detail as to to what the term meant... so I don't know.
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Either you repeat the same conventional doctrines everybody is saying, or else you say something true, and it will sound like its from Neptune.
- Noam Chomsky
... you can almost see the high water mark - that place where the wave finally broke and rolled back.
- Hunter S. Thompson
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DIEGO
Newbie
Karma: +2/-0
Posts: 45
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« Reply #22 on: March 24, 2008, 01:10:44 PM » |
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Abraxas, I'll follow news around the Bear Stearns thing but in my opinion the main business is done. Just take a look at the next chart: http://money.cnn.com/quote/chart/chart.html?pg=ch&symb=BSC&time=1mo&freq=1dy&charts=0&comp=&compidx=aaaaa%7E0&ind_compind=&uf=0&lf=1&ma=0&maval=60It shows the trend that followed Bear Stearns' share last month; and more interesting, in the lower indicator the volume of negotiation. Just impressive how many shares were sold (and bought) last week. And most of these shares, again in my opinion, were sold by small shareholders moved by fear. Indeed, on 03/13/2008 Bears Stearns closed at $57.00 and on 03/17/2008 Bearn Stearns opened at $3.17, and seemed that FED approved a value of $2.00 per share. What did shareholders think with shares over $2.00? ... Sell? |
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Abraxas
Global Moderator
Hero Member
Karma: +213/-207
Posts: 4,100
"You do not speak for the rest"
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« Reply #23 on: March 24, 2008, 01:19:32 PM » |
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It's over $10 now.
That's quite a bump, considering the bad press the deal seems to be getting.
I'm curious to see if it lasts...
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Either you repeat the same conventional doctrines everybody is saying, or else you say something true, and it will sound like its from Neptune.
- Noam Chomsky
... you can almost see the high water mark - that place where the wave finally broke and rolled back.
- Hunter S. Thompson
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yilmaz101
Full Member
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Posts: 248
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« Reply #24 on: March 24, 2008, 03:24:03 PM » |
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No surprises there. It is certain that the bank will not be let to fail. So the only direction left for the stocks to go is up. Hopefully they will not be overpriced again. What the market fails to take into consideration in pricing is risk. Only after it realizes that there is risk that is not accounted for in pricing does the market react, and usually the reaction overshoots (the so called overshoot hypothesis) eventually it will settle at a point where all the relevant information is reflected in the price, but the major component of pricing is not information, rather it is perception. For example in a rising market being leveraged is not all that bad a thing, but in a falling market whenever a company is leveraged too much it translates into unacceptable risk......... And, by the way, the small investor is the last thing that management has in mind. Hey it's not like they can actually do anything about the management so screw them, seems to be the prevailing attitude towards small investors. Coupled with the fact that management themselves have stock portfolios (and stock options built into compensation) along with unbeliavably asymetric information almost ensures that managements looks after its own interests over any other stakeholders' (the agency problem). At the end of the day we have actually stumbled upon the weakest links of capitalism (speculation) and corporations (agency) more or less by design (some can claim them to be mistakes) in the first decade of the 21st century. The reason the whole economy leveraged to the extent it is is not because it makes good economic sense, it is only because it makes good profits.... in the short term, but when the chickens come home to roost we see there is a problem. It's over $10 now.
That's quite a bump, considering the bad press the deal seems to be getting.
I'm curious to see if it lasts...
[/quote] |
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« Last Edit: March 24, 2008, 03:29:36 PM by yilmaz101 »
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Abraxas
Global Moderator
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Karma: +213/-207
Posts: 4,100
"You do not speak for the rest"
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« Reply #25 on: March 24, 2008, 03:25:18 PM » |
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... the major component of pricing is not information, rather it is perception. That actually makes a lot of sense... and now it's not hard to understand why stocks jump and fall so rapidly... and randomly. |
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Either you repeat the same conventional doctrines everybody is saying, or else you say something true, and it will sound like its from Neptune.
- Noam Chomsky
... you can almost see the high water mark - that place where the wave finally broke and rolled back.
- Hunter S. Thompson
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