We We Love Jim Cramer in 403(b) Forum Posted March 21, 2008 · Report reply P.S. Legg Mason Value Trust and the "legendary" investor Bill Miller had a significant position in Bear Stearns...hmmmmmmmm You sure about this? The listing that Morningstar carries of his top 25 holdings (as of 12/31) did not include Bear Stearns. And investors who bought Bear Stearns on Monday for $2 a share have earned 295% in two days because it closed at $5.91 yesterday. ...except that nobody bought it at $2 a share. While $2 was the announced price of the deal, the low price on Monday was $2.84, and the shares moved up rapidly from there. (Apparently there's a fair number of people who doubt that the deal will go through?) Not that there's anything wrong with a move of $2.84 to $5.91...still a pretty good week's work.