LEH

Rumors are circulating this evening of LEH deal to be closed tomorrow to sure up capital could be in trouble. If and I say IF this is true I would expect LEH to head much much lower tomorrow.

Again this is the rumor floating around

CHARTS

Sitting here around 5:30pm looking at some charts for tomorrow. A few looks very interesting but I have to say these charts all saying down. I dont even see support on some that will hold in the near term that's pretty dreadful. I hope we do get a swoon of selling before earnings so we can buy into earnings for the bump up but that's just my wishful thinking.

What's next?? Hmmm I dont know have to see what the talking heads and real money do going into next week option expiration.

SKF!!!!!!!!!!!

HOW we doing up $40 on that sucker right now, in less than a month.

Anyone see LEH and MER than mad money folks said you can buy for a trade. DEAD!!!!!!!!


DEAD. LEH down 15% into the close and oh Citibank $19.11 hehehhehe BYE BYE to you too.

Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

Paper Thin

Paper is very thin in the market. Lets see if they grind us lower.

Biege Book

Biege Book to be released at 2PM . Five minutes away. Lets see how we react to it

Paulson - Treasury Secretary

Dont seem talking up the dollar helped oil prices. we are +$6

SKF

Our SKF play is up a whopping $38 here and now. You can take profits but I am riding my 1/2 shares to that 134 and new highs area.


ONLY WINNERS!!!!!!!!!!!

How we doing????????????

Market getting crushed here and all our plays are up HUGE!!!!!!!!

ONLY WINNERS HERE !

IPI-

IPI the recent ipo should get a lift today with AGU blow out earnings.
Watch that group for upside today although in my mind they are truly stretched

Why Analyst are really ANAL- yst

Why in my view analyst are ANAL- yst is because because they will always make you lose your ass.
This morning Wachovia and Credit Suisse analyst have just decided to downgrade Lehman. Now if you had listen to Wachovia the last time they upgraded LEH on March 2007 and bought the stock you would be down over 60%. Man oh man if I called a loser for 6% I would be called an idiot but oh well. On the same note LEH has fallen 55% since Credit Suisse last upgrade of the stock.
The crazy thing is LEH still has 7 buy ratings on the street.

LEH might be a teenage stock soon !! who knows ? Only thing I know I would not be owning that stock or any investment bank stock here.

Please note investment banks have earnings out starting next week and we could bounce going into the numbers but I really don't see this group doing well after that..