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Under The Radar News - Thursday [View article]
12 Bounce Stocks for 2008 - Barron's [View article]
Under The Radar News - Wednesday [View article]
Investment Banks: Not Dead Yet [View article]
Bear Stearns Hedge Funds Nearly Worthless [View article]
<blockquote>
<b>Bear Stearns Shares Show Cayne's Dummy `Body Blow' Won't Hurt</b>
When Bear Stearns Cos. Chief Executive Officer James E. ``Jimmy'' Cayne told the New York Times the failure of the firm's hedge funds was a ``body blow of massive proportion,'' he may have been using a tactic honed in three decades of championship bridge.
To win the card game, a player sometimes will misstate the number of tricks he can win to dupe opponents into underestimating his hand. So far, Bear Stearns shareholders aren't showing much anxiety. The stock has outperformed its peers since Cayne's remarks were published on June 29, even after Bear Stearns told investors in the High-Grade Structured Credit Strategies and High-Grade Structured Credit Strategies Enhanced Leverage funds that almost all of their money was wiped out...
</blockquote>
Source:
www.bloomberg.com/apps...;sid=aLfvGsmPqM.A