Discussion in 'Stocks' started by codedeep007, Jul 10, 2008.
Umm... cliffnotes please?
anyone daring to dive in and go long on LEH?
if leh hits -20%, becuase the chance that leh will go bankrupt are very small because of the extremity of the company, I will ride leh to a maximum of ten percentage points assuming 50% recovery
any particular news driving the recent move from 14 to almost 16?
Yahoo Finance says profit margin of LEH is -4.44% and operating margin is -3.90%
How update are these numbers and can they be trusted?
If I were a gamblin' man, I'd say the jig is up and the Feds will move on these rumor guys. I don't know if you've been watching CNBC, but even Cramer is screaming. It would seem the Feds have a choice. They can move off the Najarian information, where 90,000 puts eminated from one Hedgie just before the rumors flew, or they can lose Lehman. I think they have enough egg on their Gummint Faces.
That being said, I can read what a hedgie will do. What the Government will do is a wild card.
aren't there a lot better shorts than LEH at this point? are they really expecting this to go to 0? I don't think it will go lower than 10, but in this market environment who knows
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