quote:

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Originally posted by BloodHound:
gas prices are on the rise and ive seen articles on $200 plus eventually. . .so airline stocks are taking a beating

i have short order in for PNCL at $10 tomorrow

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Posted by PCola77 on :
 
Oh, but as for your first question, SDS is an ETF that returns 2X teh opposite of the S&P. So S&P down2%, you make 4%. S&P up 5%, you're down 10%.
 

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Posted by Machiavelli on :
 
I haven't shorted any stocks lately but you guys might consider shorting Qwest Communications (Symbol: Q)...
 

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Posted by BloodHound on :
 
BSC my next short for tomorrow at $30


The Wall Street Journal said on Sunday that Bear Stearns could sell itself for around $2.2 billion, or less than $20 a share

$$$$$$
 

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Posted by Jo4321 on :
 
Shoulda shorted it Friday. You won't get the chance tommorrow now.

J.P. Morgan to buy Bear Stearns for $2 a share
7:40 p.m. 03/16/2008 By MarketWatch Provided by


NEW YORK (MarketWatch) -- J. P. Morgan Chase & Co. reportedly has agreed to buy Bear Stearns Cos. For $2 a share in a stock-swap deal, valuing the company at just $236 million.

A story in the online edition of the Wall Street Journal Sunday evening, citing people familiar with the deal, reported J.P. Morgan (JPM) will exchange 0.05473 shares of its common stock per one share of Bear Stearns stock. Both boards have approved the transaction.

The Journal also reported that the Fed is taking the extraordinary step of providing special financing in connection with this transaction. The Fed has agreed to fund up to $30 billion of Bear Stearns' (BSC) less liquid assets, according to the report....
 

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Posted by Machiavelli on :
 
How the mighty fall...
 

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Posted by BloodHound on :
 
ouch!!!! Bear Stearns got SMACKED HARD
 

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Posted by BloodHound on :
 
i still have CFC to look forward too tomorrow, shorted it at 4.70 a couple days ago and still holding


CFC (Countrywide Financial Corp) is having lots of problems. . FBI is investigating CFC and BAC (Bank of America) is suppose to be merging with them sumtime in the 3rd quarter

i cant see why BAC would want to merge with them
 

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Posted by Jo4321 on :
 
Did you cover your CFC short, yet, Bloodhound?

Jo
 

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Posted by $tock Weazel on :
 
JOYG!
 

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Posted by BloodHound on :
 
yes Jo, i got out of CFC a while back for a 10% gain and PNCl for 5%
 

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Posted by BloodHound on :
 
i shorted CCOW at 8.25
 

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Posted by PCola77 on :
 
Whoops, it's at $9 now.

quote:

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Originally posted by BloodHound:
i shorted CCOW at 8.25

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