Before getting drunk and buying stocks again, watch Lehman Brothers Holdings Inc. [[LEH]] . It is on the verge of a significant breakdown.
No way the market rallies if LEH breaks down.
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ms
long live SKF!
The market is not ready to die, just yet. Which doesn’t mean we won’t test uptrend lines.
Meredith Whitney’s comments about GS should help both GS puts and SKF. Rock on Meredith.
LEH is dying right now
GS seems to be getting a little pale too.
Got back in CRY yesterday cause it looked ready to take 14.
Working out here and I’d add to it, but this market punishes confidence lately.
Or is it arrogance? Or stupidity. Yeah thats it!!
STUPIDITY get punished and I should know.
Keep size in check.
Bought CRY this morning as it broke 14. Looking at a speculative position in STAA if it can break 4.50.
CSIQ on fire.
ALTH back in
ALTH days high 9.82
i’m kicking myself for getting shaken out of a LEH sept $20 put trade. only took .10 gain on the options when i thought the market was looking a little stronger. another leg down for LEH and right now i’d be sitting at a .50 gain. ah well