LEH LEHMAN BROTHERS Message Board

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Non-Tech : LEH LEHMAN BROTHERS

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From: mparness	6/23/2008 10:35:50 AM
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LEH - The best question is - why would anyone want to own ANY financial stock here? LEH is DONE. Fini as anything more than a stock we want to trade. Window Dressing works both ways and as such LEH may very well get a beat down into the end of the quarter here. Having said that, I am looking for a nice bounce potentially NEXT week in the financial's as long as the news doesn't get any worse. The thing about trading is that you need to pick your spots. There isn't always a bull market somewhere, but there is always a TRADE somewhere and that's what we do best! Let's see what shakes out this week, should be key for the group and the sector! Also keep in mind that any good news will drive these stocks on squeezes in a big way. Look at STI on Friday and you'll see a textbook example of what happens when a stock or group is so hated! ANY good news is enough to send the stock and sector FLYING! Michael "Waxie" Parness

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