4 ms·
I bought Bear Sterns calls thinking it would blow over. The idea that Bear Sterns could just disappear like that was unfathomable at the time.
by remote_phone 7y ago
I bought Bear Sterns calls thinking it would blow over. The idea that Bear Sterns could just disappear like that was unfathomable at the time.
- manigandham 7y agoYou thought the market would go up? Specifically a bank? Sure the bankruptcy was a surprise but I really don't know of anyone back then who was expecting a recovery or even a minor bounce at all that year. Hopefully your options were LEAPs.
- 1123581321 7y agoMany people thought either their situation was overstated or they would be rescued in some way that preserved more of the market value.