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View Full Version : Lehman for a trade

Valuist
06-13-2008, 08:20 AM
I couldn't make a long term investment in this troubled company in its toxic industry, yet I can see LEH getting a bit of a bump in the next week or two. Its now retraced its lows, and many shorts will be looking to cover.
lamboguy
06-13-2008, 08:53 AM
you are more than likely right, but the stock looks like a trainwreck, and sometimes the other shoe seems to drop real fast and then you are gone.
Valuist
06-13-2008, 10:35 AM
Definitely like it so far. Up 10% today.
chickenhead
06-13-2008, 10:57 AM
ot...but Ballmer really is a moron. wants to spend $40 bil to try to compete with Google, and ends up having yhoo commit seppuku, paying Google to make Google even stronger.

Brilliant!
ddog
06-13-2008, 11:04 AM
who was it that said I had no cred in saying 90% of people could do the CEO job.

He was right it's now 99%..

:bang: :lol:
DJofSD
06-13-2008, 12:34 PM
I think you're of the same mind as Guy on FM. Trade only.
Valuist
06-13-2008, 03:06 PM
I think you're of the same mind as Guy on FM. Trade only.

I did hear his comment on yesterday's show. I remember how it dropped to around 20-21 back in March during the intraday but managed to finish around 30 or so by the end of the day. There clearly appears to be support at 21. Now how high it goes is anyone's guess. I'm not going to get too greedy. I don't expect it to hit 30 anytime soon.