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

Quote from Daal:

I dont know why you guys are trying to rip OP.
The MER deal shows that this trade was not off the mark.
Its easy to say, now that leh was found not to be attractive for a buyer that the whole trade was a disaster.
But on friday we had heard for months the Neuberger and asset management division hype and their good fixed income desks, it was not even close to unlikely event that LEH would get bought out.
MER was within days of the same fate and yet they were purchased at a premium. CDS on LEH were at 700 bps(not even close to junk), market thought they were too big to fail, OP was wrong but so was almost the entire financial world
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There is a world of difference between MER and LEH. If you recall I put on a long MER short GS (yeah wish it had been LEH!) trade a couple of weeks ago and the reason was because of the substatial insider buying in MER. This BAC aquisition didn't happen overnight, these guys were betting on a sure thing when they made those buys.

As far as the OP goes, such arrogance has rarely been rewarded with anything other than a smackdown, though I am sorry that you were caught up in the trade.
 
Quote from ksonsinc:

How come Mer is trading at $ 21.00 when they agreed to buy it for $29
I dont understand the concept
Should i hold my MER 300 Share till BOA buying it
OR what should i do
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All stock deal will fluctuate with BAC price.
 
It seems the guy's attitude is what bothered most posters here.

That said, I don't see a problem taking a punt with a small % of your acct given the probability of a takeover was rather high (at least it seemed to me as of Firday close) for at least 2-3 bucks on the low side -- so the downside seemed worth the trade. I'm sure OP will make up his loss in quick order given the moves in this market. Win some lose some - and move on.


This thread was entertaining at least.



Good trading boys and girls.
 
"LEHMAN BROTHERS IN TALKS FOR LAST MINUTE PLAN TO SELL LARGE PORTIONS OF ITSELF TO BARCLAYS, DEAL BEING CONTEMPLATED WOULD FOLD ITS CORE BUSINESS INTO BARCLAYS"

Went long on LEH at $0.22 earlier today.
You see gents, Lehman is too valuable to let go.
 
Quote from primasoldi:

"LEHMAN BROTHERS IN TALKS FOR LAST MINUTE PLAN TO SELL LARGE PORTIONS OF ITSELF TO BARCLAYS, DEAL BEING CONTEMPLATED WOULD FOLD ITS CORE BUSINESS INTO BARCLAYS"

Went long on LEH at $0.22 earlier today.
You see gents, Lehman is too valuable to let go.
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Huh?
 
Quote from LondonHedger:

Kosinc, your poor command of the English language is seriously starting to give me headaches. Whatever thirld-world (sorry "emerging") dump you hail from, you would be better off directing your efforts towards improving your home country's education system rather than waste time polluting this forum with nonsensical drivel. On the other hand, if for some unexplained reason you have been allowed to immigrate to the US and are now one of the minorities Obama/McCain are trying to suck up to in order to get elected, well it just goes to show why the country is going down the toilet by opening its doors to more and more of the ignorant huddled masses.
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Guess he is still hauling his shit out of his office.
 
Quote from newguy05:

wtf....what does this mean. zombie leh stock?

or part of its plan all along, since barclay wont touch the toxic stuff. leh files chapter 11 then liquidate the good stuff(the whole freaking firm minus mortgage junk) to barclay? lol that's pretty smart if true.

http://uk.reuters.com/article/topNews/idUKLF57014720080916
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Wouldn't that create the "fire sale" scenario that Wall St. is afraid of? Where if Leh files chapter 11 they will have to mark down assets, then other banks/brokerages, will have to mark theirs down as well?
 
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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Hey at least you are still up up 2.9 million. Which I seriously doubt anyway after that retarded plunge you took last Friday. Did FNM FRE BSC ever enter your mind when you took that trade?
 
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