Jim Cramer on Bear Stearns Since Last Summer [View article]
6/22/07 - Stop Trading was a short segment for traders at around 2:30 EST. Buy @145.58 w/stop @138. Stock tests 140 on 6/26/08 before giving you an exit @145.79. The trade didn't work. Close the position for no gain after commissions.
8/3/07 - Buy @116.55 with stop @111. Exit the position on 8/8/07 @124.55 for about a 6.5% gain.
2/11/08 - Buy @81.28 with a stop @77. Exit the position on 2/27/07 @89.62 for a 10% gain.
3/11/08 - Caller calls in on Mad Money asking about his deposit at Bear Sterns. Cramer says his money is safe. No trade to be had as this is not stock related. Later JPM absorbs BSC with backing from fed. Callers money is still safe.
3/14/08 - Buy in the money puts on BSC. Close position on 3/17/2008 for approx. $5000 per contract.
-
6/22/07 - Stop Trading was a short segment for traders at around 2:30 EST. Buy @145.58 w/stop @138. Stock tests 140 on 6/26/08 before giving you an exit @145.79. The trade didn't work. Close the position for no gain after commissions.
Jun 26 20:09 pm
|Rating:
0
0
All Comments by dent »Jim Cramer on Bear Stearns Since Last Summer [View article]
8/3/07 - Buy @116.55 with stop @111. Exit the position on 8/8/07 @124.55 for about a 6.5% gain.
2/11/08 - Buy @81.28 with a stop @77. Exit the position on 2/27/07 @89.62 for a 10% gain.
3/11/08 - Caller calls in on Mad Money asking about his deposit at Bear Sterns. Cramer says his money is safe. No trade to be had as this is not stock related. Later JPM absorbs BSC with backing from fed. Callers money is still safe.
3/14/08 - Buy in the money puts on BSC. Close position on 3/17/2008 for approx. $5000 per contract.
So whats the problem again?