The practice of bidding on a stock that is in the toilet, at a price so low that it's really just a joke if you buy it.
The biggest winners were the financials, which I said at the time were the most over-sold and bad-mouthed by Talking Heads. Of the worst examples of negativity in the market on August 15, Lehman Bros (LEH) has jumped +20.7 pct and Bear Stearns (BSC) is up +10.5 pct. Bear was so despised at the time ($106) that I set a stink bid price of $100, and the low happened to be $101.23. BSC closed Friday at $117.10
Bill Cara: Saturday’s Commentary & Chat, 08/25/2007 9:14 AM ET
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