Anyone paying attention to the collapse in LEH

Just FYI... I was borrowing BSC at will (with Echo) on BSC's fateful 65 to 30 Friday.

 

What does your sheet look like if MER take a cr*p and LEH is ok?

Hmmm, you want to revisit that open interest comment.

 

I bought SKF @ $99.86 ... planning to go long until beginning of May, waiting for the news release from the banks and Q1 2008 GDP release. Given Meredith's recommendation and this news about Lehman Brothers, this may go up big time $180 - 190.

I just read CIBC analyst report and they estimated that this Q1 2008 the GDP will be -0.7%.

I believe Heli Ben will intervene again by then.

 

what clearing firm does Echo use?

 

the usual - no one believes a word they say.


oh wait maybe that was BSC or CFC or WM or GS or MER or ABK or MBI or AIG or UBS or CS or DB or C.....

 

for in-depth research of LEH's balance sheet, what are good sources? yahoo finance is obviously not detailed enough

 

make sure you let LEH know once you figure it out

 

Pax clearing, which is also part of Merrill.

 

Not to worry if you can't get stock, plenty will become available on the "Buffet is buying" etc type rumour + squeeze coming just as soon as selling pressure eases off.

 

Agreed - wait for the bounce so longs can recapture 10 to 20%, then short at will.