abstract:A bear raid is a type of stock market strategy, where a trader (or group of traders) attempts to force down the price of a stock to cover a short position. The name is derived from the common use of
There was a bearraid on Bear Stearns starting March 10 that sent its stock plummeting 60% in the span of five days on trading volume that exceeded its total shares outstanding.
Last week, SEC Chairman Christopher Cox told a Senate panel that the agency was not ignoring speculation that traders colluded to bring down Bear Stearns in a swift short-selling raid in mid-March.
Last week, SEC Chairman Christopher Cox told a Senate panel that the agency was not ignoring speculation that traders colluded to bring down Bear Stearns (nyse: BSC - news - people ) in a swift short-selling raid in mid-March.