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Will Bear Stearns (NYSE:BSC) close above $20 on Mar 28 (Fri), 2008?
Homer ( Score Rank: #27 based on predictions in the last 30 days ) Homer  |  was scored on 31-Mar-2008 (246 days ago)
Can Bear Stearns shareholders do even better? Hopes may be running high after Joseph Lewis, a major Bear Stearns shareholder, has squeezed a higher offer out of JPMorgan Chase.

JPMorgan Chase (JPM, Fortune 500) agreed Monday to quintuple the value of its all-stock offer for Bear Stearns, to $10 a share. The revamped agreement, valued at $1.18 billion, comes just a week after JPMorgan agreed to buy the cash-strapped brokerage firm with backing from the Federal Reserve. The deal staved off a probable Bear Stearns bankruptcy that threatened to swamp the financial sector with a new wave of uncertainty.
http://money.cnn.com/2008...

Let's predict if Bear Stearns can do even better and close above $20 by the end of this week.
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Community Accuracy:  60%
Top Predictor:   Milo (81% Accuracy)
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Comments (6)
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  1. Arthur Arthur 246 days ago
    0 vote This is Good This is Bad
    answered: [ * ] No, closes <= $20
    (more)
    closed at $10.78 last friday. did ziibo buy it at below$10?
  2. oWell oWell 249 days ago
    0 vote This is Good This is Bad
    The price now is set to $10 by JP Morgan. no way to rise up to $20.
  3. MasterMind MasterMind 252 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 72% ] Yes, closes > $20
    (more)
    That can happen. $12 is still kind of cheap.
  4. walalala walalala 252 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 69% ] Yes, closes > $20
    (more)
    well .. it jumped from $2 to $5 in one day, and then $6 to $11 overnight. it may close at $20 if more companies fighting to buy a stack of the poor Bear.
  5. jiipy jiipy 252 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 72% ] No, closes <= $20
    (more)
    $20 target price is too high .. i bet it closed around $15. Now the investors do not really have trust in the company, but in Federal which will be very willing to put large amount of money to rescue any big financial firms.
  6. Homer Homer 253 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 74% ] No, closes <= $20
    (more)
    I'm not that confident with the whole stock market, although I think BSC is still undervalued.
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