Well with a conference call on Monday with the NEW CFO, this briefing cant be surprise good news, maybe its the kitchen sink of all losses.
Isn't it funny how the market knows more about lehman than lehman knows about itself? Months ago the market was telling you lehman had issues all the while the 'executives' had no idea why the stock was falling?
Maybe it will be announced that JPM is buying Bear Sterns... Err Lehman at $2 on Sunday followed by a .25% emergency rate cut in the discount rate.
Well, I am friends with the erin the old CFO, she should never had been the CFO to begin with. LEH is in more trouble than what the street thinks.
Me short? Just because I have been in some meetings that start off 'this information is not public' I won't short. LOL.
I was short last week when it hit 34, and covered when it retreated down to 32 (probably should have held longer) I shorted it again Friday right before the close, we'll see how things pan out next week.
Thats the best way to get their Assets, I mean their best people out of Lehman working at your firm, just after they have gone broke. Easier to negoitiate employment contracts.