LEH is a great franchise and Wall Street will not let it go the way of BSC

methinks too!

 

..........still waiting on that blowhard to write his first post from the weekend mess. Maybe he's still in the Chelsea bars, trying to get laid?

 

What I want to know is how many shares did he really own of leh? 50..100..200?

Cause we all know its not 200k

 

dont forget he is the londonhedger...

hence, he was hedging with a short MER position.

 

And another ET superstar bites the dust.

LOL!

 

long leh, short mer.

now that's a good pair trading to held over the weekend

 

How come Mer is trading at $ 21.00 when they agreed to buy it for $29
I dont understand the concept
Should i hold my MER 300 Share till BOA buying it
OR what should i do

 

It's times like this that remind me of a quote by the late John Kenneth Galbraith:

"There are 2 kinds of forecasters: those that don't know, and those that don't know they don't know"

 

It's based on equity of bac so mer will fluctuate with bac price. Bac currently down 5 bucks if it was at fridays close of ~34 mer would be ~29.

 

Thanks a lot JD