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Last few days have been very trying to say the least. Now out of LEH (as if I could lose anymore anyway) still long RICK, IBKR and GE. all looking less than ideal - 17228 for the day / week - 41084 for the month

Hard to get my head around the losses in the last three trading sessions. Actually was at a high point of the year early last week to a low point for the year today. Watching bloom yesterday really sent home the message that being long is overall a lot more dangerous than being short. I...

Right which makes me question if they are really going to file. I think it makes the chances higher that a deal is done. At what price is a big question. Anyone wanting to buy LEH will have the motivation to move almost as fast as LEH will want to be bought out. Has the smell of a high...

LEH is facing a downgrade of their rating which will increase the cost of borrowing to the point of taking away profitability. Even so, LEH has cash so instead of BK or a buyout that equals little shareholder value why not ride it out and see if the paper that LEH holds that is the question...

I agree, reminds me of Lairs poker.

I didn't think and don't think that it would be enough for the purchase (I dont know how much money could be made and I am not going to try to figure it out but I think its safe to say a LOT of money) but if you were going to purchase or close to a deal and needed something to "put it over the...

I posted this in another thread but I thought it belonged in my thread as well to provide a better view of my thinking and thought process. To be clear I do NOT think this is the case or that it will happen but think about this for a while. you want to buy LEH (pick the bank of your...

To be clear I do NOT think this is the case or that it will happen but think about this for a while. you want to buy LEH (pick the bank of your choise here) but Paulson says no to govt money. How can you find financing to cover possible losses?? You hold off on coming to an agreement...

86,714 shares 661,947 shares / mth

Thanks for the kind works and messages I have received !!! Still fighting my way out of LEH. Now sitting of 7314 shares that are covered with $4 sept calls. Wanting LEH to move above ans stay over $4 next week. Thought of closing the trade out but the IV is so high that I thought I could...

The shock of LEH has passed and doing damage control today was priority one. last night after the market closed I was thinking of an exit to this mess that may work. I thought I would take a look at options. I have used options in the past to work my way out of messes and upon checking I...

Thanks CB, its been a fun ride and while its a large loss I also learned a lot from the trade and I am sure that I will be able to more than make it up on what I learned. Have a good weekend!! Bob

20K shares

Hi Forsalenyc, we will both make it up quickly. pretty much moved out by hedging with options. Going to try to grab some premium. Have a good weekend Bob

Thanks, WOW really nice of you. As you can see I did not dump in time. I guess I have a few things to learn about avoiding landmines. Thanks and best of trading to you Bob

Lost that S class 4 matic that I been looking at today.(used) Still up for the year but I sure don't enjoy rebuilding the account. Still long some LEH so I am still on the ride. Simply traded too many shares, not much else I can say (I carried LEH ovenight, the trading I did today...

I woke up this morning and went to check the price of LEH as I carried it overnight. I have to say it was down so much in pre market trading that at first I thought I made a mistake in the symbol. I sold off about half the shares at about $5 and helf the rest as I have seen this before and...

I bought LEH during the close today. maybe a bit early but with today and the last two days before it I felt there is blood on the street. (of course another 40% drop will make the blood a lot more red) With all the panic selling and the news out today I think we could see a nice retrace in...

mostly good day. ended up long LEH at the close that is an open loss and I don't feel very good about for tomorrow. + 2353 for the day + 18158 for the week + 31149 for the month

Mostly a slow day. Lots of scalping but I did have one trade. WM + 426 S:lori bought more of RICK and IBKR. Both are swing trades. LEH, covered LEH from yesterday at the open and followed up with scalping it musch of the day. bought a lot of shares at the close and carrying them...