LEH is a great franchise and Wall Street will not let it go the way of BSC

Quote from LondonHedger:

It was Cuban pesos, amigo. :D

Now at the end of this VERY profitable week, I'm going to have a smoke (for those who asked earlier - fine Moroccan hash rolled in a Jack Daniels-drenched $100 bill) and then I'm going to hit the Chelsea bars and get laid, safe in the knowledge that come Monday I'll be $1.7 million richer thanks to y'all suckers.

Have a great weekend! :cool:
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sucks you just got killed, i guess u will have to move to the ghettoes now
 
Surely LEH will be bought, but at a more modest $5-$7 billion.
From what I understand, everyone is scared stiff by Paulson's attitude, but come on, back room negotiations are rarely known until right before judgment day.
LEH is too big, too important, and I've too many friends who work there saying it will be bought.
If it manages to stay under $4 tomorrow, I'm buying myself a couple.
 
Quote from zdreg:

you gave yourself away. "I am 200% long on full margin." i would suppose u have less than $25000 in your account or you would have said 400% as a patterned day trader
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Overnight positions. But if you wanna get pedantic, it's more like 2000%+ maximum with index futures. Then you run into this concept called "risk control" which is the only real constraint on size.

$25k is less than half what I made in a few days after buying that Jan 22 low, and far less than I bank most months, so your account size dig is just a tad off base too.
 
Quote from primasoldi:

Surely LEH will be bought, but at a more modest $5-$7 billion.
From what I understand, everyone is scared stiff by Paulson's attitude, but come on, back room negotiations are rarely known until right before judgment day.
LEH is too big, too important, and I've too many friends who work there saying it will be bought.
If it manages to stay under $4 tomorrow, I'm buying myself a couple.
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are you still on saturday timeframe or something? dude it's sunday night now, what's wrong with you.
 
Quote from LondonHedger:

With LEH trading below $3.60 in the after-market, this is an incredible set-up for the greatest trade ever.

LEH is a great franchise and Wall Street will not let it fail for obvious systemic reasons, nor will it let it go the way of BSC. If it did, when will this run on the bank end? Who will the shorts crush next? MER? MS? GS?!?

I am convinced that LEH will be snapped up by a large financial institution for $20-25/share by Sunday. When this deal is announced LEH shares will run up to $35 in a massive short covering wave. This will send a clear signal that the financial sector is no longer fair game.
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You couldn't have been more wrong.

Try a career as a wall street shill on tv.
 
Quote from LondonHedger:

200K LEH shares bought on Friday at an average price of $3.74. I don't normally trade single stocks but this is like buying a call on LEH.

FYI I'm up $3.6 million YTD, so this is a small percentage of my equity.
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well, seems like you should not trade single stocks. LEH trades at $0.54 in Europe. You have the strange priviledge to become the largest 1 day loser on ET with ($640k).

For you it probably make sense to wait for a miracle that there is still somebody left there buying out Lehman this week...
 
You got to be an IDIOT for buying LEH. This thing is going to be taken down sub $1 and decimalized to death. This is dead money and even more dead money if you choose to buy it here in the $3's.

Don't be an idiot trying to pick bottoms for gods sake.
 
Quote from LondonHedger:

I continue to be astounded by the stupidity and ignorance of 99% of the people who post on this forum, as well as by most so called financial markets bloggers. It's not surprising that there are so many posts from people asking whether they have any chance of making it as traders or should they go back to their former jobs as burger flippers or public toilet cleaners.

I also find it amazing how strongly and bitterly so many wish investment banks will keep failing a la BSC. My guess is that this is a very vocal minority of losers who resent not being able to partake in the big paychecks and bonuses common in the investment banking business. Sour grapes.

The funny thing is, investment banking is actually a great equalizer. Unlike most other industries, it's open to anyone from ANY background with brains and a decent education (which judging from the spelling and content of these posts most of you clearly lack.) You don't necessarily need an Ivy League education to get into and succeed in inv. banking, just the perseverance and the brains.

Next week will be very interesting re. LEH.
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Quote from Daal:

Something that will almost certainly happen is paulson and the fed yelling on MS,MER,GS ears 'RAISE CAPITAL SELL ASSETS now, I dont care about your stockholder' they might very well have to comply. meredith whitney completly missed this one, this could be the end of the investment banks as we know them
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I'll tell you what will happen, Paulson will make sure Goldman has less competition on wall street. wink wink!
 
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