My chart guy is telling me: “[[LEH]] is fucked. Be sure to sell it short until you’re blue in the face.”
As you know, LEH is the worst investment bank on Earth, even worse than small African banks. Near term, I am looking for $50.
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the new LEH acronym:
(LEH) = LOWER EVERY HOUR
under 50 by APRIL.
DISC: we own the LESPJ puts.
I’m President of a small African Bank, asshole.
A former president of a large African bank is going to share $270 million of embezzled funds with me.
would you buy skf here?
being in commercial real estate, i know first hand that Lehman’s mortgage underwriting standards are close to the worst in the business over the last few years. they have terrible terrible commercial real estate loans on their book that cannot be refinanced out
Gunners:
LEH is the best kept secret, for the bears.
Lehman’s gonna have to go back to the rag trade after this cycle.
(Street secret — they may have to take their uncle Goldie with them).
i will be buying some puts soon