User 42641

Bear Stearns Should Go for More Than $6 - Barron's

A lot of overconfidence on display from some of the people leaving comments here:

<i>"Deal is done. not a penny more. Where is the writers full disclosure? Obviously a Bear shareholder who has lost alot of money and is still in denial."</i>
- Frank G

<i>"Barron's has been wrong so many times that I wouldn't take them seriously. Bear is out the door for two bucks. Anyone who bets differently is a loser."</i>
- WanderSF

<i>"This article resembles most posts on the yahoo message boards. Pump everyone up for more money and sucker more longs in to be left holding the bag when this gets sold for the arranged $2 per share. Jamie Dimon will not up the bid. End of story. Barron's should stick to reporting the facts and not rumors from the message boards."</i>
- bearmarket

As it turns out, JPMorgan did raise its bid. Instead of questioning the motives of the Seeking Alpha editor, the posters would do better to reflect on the behavioral biases which led them to conclude that a raised bid could never happen.

AD