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girlytrader's picture

Callan and Gregory out at LEH

by girlytrader (Baboon, 152 Banana Points Points) on 6/12/08 at 9:17am

CFO and COO out at LEH, here are my questions
-Why is stock still trading down?
-Is this a smart move?
-Can LEH survive as an independent company? Does it need to be bought? Who would buy?
-What are LEH opinions and cds doing?
- MS just upgraded the financial sector ---- are banks a buy? At what levels?

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EE's picture

was up 2.3% a min ago atm

by EE (Senior Baboon, 180 Banana Points Points) on 6/12/08 at 10:10am

was up 2.3% a min ago

atm implied vols are 150, yiikes

------
"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."

EE's picture

oh and ms upgrading

by EE (Senior Baboon, 180 Banana Points Points) on 6/12/08 at 10:12am

oh and ms upgrading financials, whats the point of following analyst views on financials anymore

merrill downgrades leh a week after upgrading and now ms upgrades everyone, this is boy who cried wolf

watch lehman downgrade merrill, that'll be a hoot

------
"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."

Alphaholic's picture

Gooooooooooo

by Alphaholic (Orangutan, 372 Banana Points Points) on 6/12/08 at 10:45am

Goldfarb!

indian-banker's picture

Barclays will buy Lehman.

by indian-banker (Senior Orangutan, 385 Banana Points Points) on 6/12/08 at 2:09pm

Barclays will buy Lehman.

john_tulane's picture

now you're talking shit.

by john_tulane (Chimp, 9 Banana Points Points) on 6/12/08 at 4:10pm

now you're talking shit.

nauru's picture

Barclays lol

by nauru Certified User(Senior Baboon, 197 Banana Points Points) on 6/12/08 at 5:06pm

Barclays

lol

prettyspectacular's picture

I would have a sell on LEH

by prettyspectacular (Senior Monkey, 82 Banana Points Points) on 6/12/08 at 7:05pm

I would have a sell on LEH for sure. At this point to have revealed such huge losses from hedging and principle investments is a sign of being in very poor shape. Aren't Blackrock considering bidding for 20-30%? I don't think financials are a buy just yet, still a long way for them to drop and this applies across the board.