JP Morgan and Bear Stearns just announced an amended merger agreement where JP Morgan will pay $10 per share for Bear Stearns. BSC shares rose shortly after the news and had been up since then.
I exited at a predetermined profit take of $11.11 - which is 204% from the initial $3.65 buy last Tuesday.
BSC - Buy @ 3.65, Sell @ 11.11 (204% - 17 Mar to 24 Mar)
p.s.: Anyway I found this funny video on Jim Cramer when BSC is still more than $50.
No comments:
Post a Comment