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To: GovernmentShrinker
The real market price of Bear was $0 — nobody wanted it, period;

Just think, less than a year ago, BSC was $159/sh. Amazing.

138 posted on 03/16/2008 9:41:28 PM PDT by stockstrader (Voting for CHANGE by voting for Obama--is like trying to pick up a turd by the clean end.)
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To: stockstrader

Illiquid — The state of a security or other asset that cannot easily be sold or exchanged for cash without a substantial loss in value. Illiquid assets also cannot be sold quickly because of a lack of ready and willing investors or speculators to purchase the asset. The lack of ready buyers also leads to larger discrepancies between the asking price (from the seller) and the bidding price (from a buyer) than would be found in an orderly market with daily trading activity.

Illiquid securities carry higher risks than liquid ones; this becomes especially true during times of market turmoil when the ratio of buyers to sellers may be thrown out of balance. During these times, holders of illiquid securities may find themselves unable to unload them at all, or unable to do so without losing a lot of money.


143 posted on 03/16/2008 10:09:23 PM PDT by Proud_USA_Republican (We're going to take things away from you on behalf of the common good. - Hillary Clinton)
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