- The 6% stake in Bear taken by Citic, the Chinese bank, isnt large enough for many investors who wanted a much larger infusion of cash that could have led to a stock buy back.
- People are worried about a possible Q4 write down of risky securities on Bear's books, as well as a possible regulatory settlement stemming from the implosion of two sub-prime hedge funds.
- Then there's continued questions about CEO Jimmy Cayne's future. Investors believe Cayne's management team is among the weakest on Wall Street, and there is increased speculation that Cayne might step down sometime next year.
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Trader disclosure: On Oct 23, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (YHOO), (COH), (DIS), (EMC), Najarian Owns (SII), (C), (GOOG), (YHOO), Najarian Owns (AMZN) Options; Finerman Owns (C ), (GS), (BIIB), (BEAS), (MSFT); Finerman's Firm And Finerman Own (TGT); Finerman's Firm Owns (WMT), Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts