As we know by now, [[LEH]] has manged to raise another 6 billion dollars, part equity, part convertible preferred stock. In my estimation, this is a net positive for the company, despite the dilutive terms of the converts, being priced at an 18% premium to the common.
Unfortunately, I do not have a short position in LEH at the present. However, it’s worth noting, I did tell you fuckers to sell it short on Friday.
Bottom line: If I were short, today is a good day to cover and wait to sell higher. I expect there to be a bounce here.
Click here to access 10am conference call.
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A little firm called Goldman Sachs upped it’s price target on POT to $291. They’re right, of course, but you heard it from me when the stock traded $184.
It’s obvious anyone short the name has done zero analytical work.
BTW, I did the work on IPI this weekend after Cramer pumped it last week. IPI will move with POT but POT is by far the better value.
Fly,
How are you feeling about the ugly boots at this time?
STFU. “The Fly” is listening to the LEH call.
Thanks.
Yo, I’m still short. Why cover if this shit closes negative again?
-DT
The smell of Oct. 1987 is in the air.
WAMU(WM)- It was nice knowing you.
not to mention FED’s elevator down
How can LEH afford a conference call? They should rip out their phone system and send the info via smoke signals.
Short BOOM with impunity. French CEOs with cigarettes must suffer!
Caddy – you really think were on the verge of an ’87? What makes you intuit that?
Where’s Dooc, with his latest analysis of my FED short?
That’s right, Arby’s Christ Church, night shift.
No, not really a 1987 crash but a grind to test the March lows. We’ll see what happens then. Not enough fear and most believe large cap tech will still outperform. Haven’t seen this large of a divergence going on today between NASDAQ and the S&P in a long time although Russell ain’t down too bad.
Of course, if anybody pushes through cap and trade the consumer will be screwed big time with fuel costs.
Okay, there’s no Arby’s in New Zealand. There are these, however.
Cap and Trade is dead. The Crazy Klansman will see to that.
I’m wondering how much Gov. Corzine (former co-CEO of Goldman) had to do with the NJ STATE Pension fund putting over 1% of it’s assets into a severely precarious situation like LEH.
Doesn’t exactly strike me as a “pension” type investment choice.
Not my widder and orphan, anyways.
_
It’s dead now but just wait and see what happens next year. McCain likes it and Obama believes “global warming” will displace 250 million Americans by 2050 and we need to do stuff now. We are so SCREWED with these idiots.
I think the Cap & Trade will get the same grass roots treatment the immigration bullshit did.
I tell you one thing, I wish I knew who was getting paid on this, because there has to be a money angle, aside from the fundraising abilities of the Sierra Club, etc. Someone’s getting paid because it demonstrably does not work, as proven in Europe already. That means that someone has an investment in some bullshit non-efficient fuel source that needs fossil fuels higher to compete. I’m thinking it’s the ethanol lobby all over again, but that seems too straight forward. Maybe I’m overthinking it.
Again, Europe serves as our test dummy, much to their chagrin.