Sorry. It made sense to me. Here's something else they were probably trading on. Oh, and MVIC was right. It's the excuse we get all the time. 17:13 LEH Lehman Brothers: Moody's downgrades certain Lehman XS Alt-A deals (37.64 -0.23) -Update- Moody's Investors Service has downgraded the ratings of 279 tranches from 27 Alt-A transactions issued by Lehman XS Trust Series. One hundred sixty two downgraded tranches remain on review for possible further downgrade. Additionally, 97 tranches were placed on review for possible downgrade. The collateral backing these transactions consists primarily of first-lien, fixed and adjustable-rate, Alt-A mortgage loans. The ratings were downgraded, in general, based on higher than anticipated rates of delinquency, foreclosure, and REO in the underlying collateral relative to credit enhancement levels. The actions described below are a result of Moody's on-going review process.
Indeed. I find myself to be especially "human" after the proverbial 6 beer lunch at the steakhouse. LOL. But to get back to the original premise of this thread, how do you all take these various news developments affecting LEH's value? At first glance, it would seem to be a "no brainer" (my specialty), that these things were "bad", therefore, stock declines, but as I'm learning, logic doesn't necessarily apply to the market. Thoughts?
Yeah....anyone paying attention to Fuld's bogus bonus... Hey you SEC scum that peruses the ET sight give a shit ....right ? Or were you just hoping to get a job there ? Wink wink ....FO
Shorts be careful for what you say. NEW YORK (Reuters) - The U.S. Securities and Exchange Commission is probing whether short-sellers are spreading bogus rumors to push down shares of Lehman Brothers Holdings Inc,, a person familiar with the matter said on Monday. Shares of Lehman have fallen more than 40 percent since the beginning of February, far more than the broader index, amid market rumors the company was wobbly. Lehman has said on multiple occasions that it has enough money to fund itself, it has ample access to financing, and that customers are standing by it. (Reporting by Dan Wilchins; Editing by Gary Hill)