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Bear Stearns, a stock turned option...

Having never had a position in BEST, im taking up some of this stock as a long under four dollars. I see this as an option with a floor at two, or a risk of 50% loss with the ability for some upside. There may be other suitors in the works who may take a look at this stock or the pieces. Quant breakup value is over 7 billion, but has leverage of over 30 billion which the FED just made good for 90 days. Its a day of bull speculation. And a low for the next few months in the market. Tremendous dow resistance at 12,200.

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