Bear Stearns Collapses on Bailout Attempt - Who's Next?
Bear Sterns (BSC),
the investment bank known for its failed hedge fund business, sank 47.37
percent on Friday after JPMorgan Chase (JPM)
and the federal government offered a bailout plan designed to prop up
the company. BSC is down 82.31 percent from its all-time of $169.61 set
on January 12, 2007.
The stock's sorry downside, certainly demonstrates why it's wise to avoid
buying on the downside, particularly if you are of the buy-and-hold investing
school.
So who is next to experience a similar fate? Could it be Citigroup (C)?
How about Lehman Brothers (LEH).
Both companies have pathetic looking chart patterns as well as shaky business
models.
These stocks may appear to be at bargain prices, but they could get a
lot cheaper.
Related Articles:
Entry Point: How Purchase Price Makes
or Breaks Your Profits
Ugly Downsides - Avoid the
Price Downside
Posted March 16, 2008.
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