That is an interesting observation. What is more interesting is that the Bear shareholders who will lose everything could quite possibly be Bear shareholders for less than a few hours of the last business day. The volume of BSC on Friday was more than the number of outstanding shares. It could well be the shennigans of Friday was opportunity for some really big holders to dump some shares before things really got as bad as 2 dollars a share. You can read some financial blogs and groups tonight where some people stepped up on Friday and bought, and those definitely will be margin calls first thing Monday morning. That is the way of the Street, there is always smart insiders who find a way to leave someone other than themselves holding the bag. And anyone holding a stock going from 30 something to 2 dollars in a day would be a classic definition of bag holder.
That’s what I’m talkin’ about. Can you imagine those guys that bought Bear Stearns thinking it near the bottom when the Feds stepped in, only to find out that their 1,000 shares at $30 are now worthless 1 day later? Whoo boy. There will be blood!