short LEH overnite

Quote from S2007S:I bought some more UYG again today around $21.80, sell off was on LEH news, any turn around in LEH tomorrow and UYG is back to $23+
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You're holding SKF and UYG at the same time, adding to both?
 
ok ok...i admit that it's a bad play. I'll be the biggest fool on ET tomorrow if it gaps up.

if the news includes takeover/buyout......how do u guys think it'll turn out? just curious....

damm curious
 
maybe private equity wants to buy nueberger berman at price x and lehman wants price y which is higher and the govt is covering the difference maybe.
 
If LEH doesn't go tits up, at a minimum Fuld has to be ousted asap and replaced with someone more willing to get things done instead of driving buyers away by demanding 'book value' in times when book value means jacksh**.
 
I hope (and doubt) that the govt would provide such a gift to LEH shareholders.

More likely scenarios include:

(1) A GS-LEH shotgun marriage, similar to the JPM-BSC and BAC-CFC lovefests earlier in the year

(2) LEH swallowing its pride and selling Neuberger Berman at a firesale price, particularly given that (a) Korea is interested and (b) LEH is not in a position to bargain on price


Quote from otcstockfund:

maybe private equity wants to buy nueberger berman at price x and lehman wants price y which is higher and the govt is covering the difference maybe.
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I am seeing LEH trading back to 8.35 at the moment 7:00 pm central, what are you showing this as, just wondering if they didn't leak something to get this to pop.
 
Quote from makloda:

You're holding SKF and UYG at the same time, adding to both?
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I have been buying and selling UYG for the last 2 months between 18-24, while holding positions in my IRA.

3 times already this month.


Sold some SKF today at $114.25.


And more QLD around $64.25.
 
Quote from kinggyppo:

I am seeing LEH trading back to 8.35 at the moment 7:00 pm central, what are you showing this as, just wondering if they didn't leak something to get this to pop.
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well the afterhours movement isn't exactly a pop....it gradually moved down to 7.21 and then slowly moved up to 8.75ish and then settled down near 8.35. I don't think it was a leak. some dude is buying, which is even more wacko than what I did.......or maybe this dude knows something. I am out of the money 35c.
 
Quote from newguy05:

you must be a utter moron to hold this stock into overnight, especially naked short, after a 45% decline on panic, not to mention major news/announcement coming.

Even if the stock gaps down to $1 and you make a 100% return, it is still one of the most stupid moves in term of trading and risk/reward.
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is this new terminology for an unhedged position naked short or a naked long?

obviously a naked short has another meaning as in a short sale which stock is undelivered.

usage doesn't sound right.
 
Quote from zdreg:

is this new terminology for an unhedged position naked short or a naked long?

obviously a naked short has another meaning as in a short sale which stock is undelivered.

usage doesn't sound right.
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you have a point.....but I won't fully deny being an 'utter moron'. don't know what's gotten into me.....it was a dumb trade. now i gotta wake up early tomorrow
 
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