Heads up on LEH!

[DataCruncher]

will you go long here? I wonder if it break through to fresh lows

 

[ByLoSellHi]

I think Lehman is toast. The BSC phenomenon is setting in, with BSDs closin their accounts.

Who TF would want to leave their money in a LEH account right now?

If you answer that question as "very few," than doesn't that tell the tale?

 

[bahdabing]

Quote from ByLoSellHi:

I think Lehman is toast. The BSC phenomenon is setting in, with BSDs closin their accounts.

Who TF would want to leave their money in a LEH account right now?

If you answer that question as "very few," than doesn't that tell the tale?

And just because they Finally fired that hosebag Erin Callan they think this is going to save them. LMAO! I totally agree with you.

 

[flytiger]

Too much smart money is long. They play a different game. I don't yet see a set up, but it's a trading long in here.

then, it's probably dead money, but these hedgies are overplaying their hands.

 

[lildimsum7]

I'm keeping LEH for awhile. It's up 10+% today because it's a potential takeover target, and BlackRock is continually showing support for Lehman.

 

[flytiger]

So, where are all these Lehman bears? What do now?

BTW, see all the AIG ads over the last three months? Car Insurance, Auto, health, financial planning. Then, the CEO resigns? My bet is they gave away product to get cash flow, and they suffer mightily. Of course, they 've got a ton of non performing assets. But I think Insurance has to emulate the brokers. It hasn't even begun yet.

 

[Wayne Gibbous]

Made more than $2K going long small amounts of LEH the last few days.

It's all about trading!

Good luck to all.

 

[stock_trad3r]

lol market tanking..leh higher

picked wrong stock to short

 

[flytiger]

Quote from Wayne Gibbous:

Made more than $2K going long small amounts of LEH the last few days.

It's all about trading!

Good luck to all.

Good for you. Einhorn just wanted everyone to help push the stock over the edge. It had to be a hugely crowded trade. I just have a problem because I can't separate it emotionally. But, it was pretty obvious.

I just don't see how UBS stays open. They alledgedly cheated the Treasury. YOU try that.

 

[flytiger]

From years of watching this stuff, watch for Einhorn to magically appear, or, it may be a surrogate, to blunt this price rise.

I know a guy who is uncanny calling the pundits attacking Overstock, and I studied it. There are very strange periods, and then the floodgates open. Same here. They may not buck this strength. But in a day or so, in any type of consollidation, you'll see an attack in the Press.