ANOTHER BILLIONAIRE BUY-IN
The headline: Bahama-Based Billionaire Joseph Lewis Takes 7% Stake In Bear Stearns.
Dylan Ratigan explains that Lewis is a British-born billionaire who made his fortune as a currency trader and during the 1990s, Lewis bought 30% of Christie’s in an attempt to take the auction house private Now, he's purchased a 7% stake in Bear Stearns to become company’s largest shareholder.
Guy Adami tells the panel he likes Goldman Sachs and Morgan Stanley for their trading revenues.
Pete Najarian recommends owning GS until earnings, then he says “Get outl”
Jeff Macke doesn’t agree. He thinks GS stock has already rallied.
Karen Finerman believes that GS will “get creamed” this quarter. She thinks their asset management has taken an enormous blow.
She further explains that if you want to trade with the “Wall Street Whales” investors should be able to read a a 13-D file which can be found on www.sec.gov and adds she looks for 3 important items.