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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (9692)	7/26/2008 5:42:17 PM
From: John Pitera	Read Replies (2) \| Respond to of 33421

Yes, I'm not sure LEH is going to survive. LEH is going away anytime a company is publicly ruminating about going private and using that as a ruse to entice people that their is value.... it's bad news. No money to go private in this environment of contracting liquidity and they have balance sheet, CDO and CDS issues that are washing their castle of sand into the sea. GS it's overvalued big time... most basic analysis in the world is to see how the shorts came in and sold it a few points below it's declining 200 Day MA at 190 and change a few days ago. 189.67 was the high on weds and it sold off nicely from their, it's 200 DMA was a buck or so higher and the sellers did not feel they could get filled at the 200 dma or at 190. That was a great place to set up a short in GS. Just watch the smacking it's going to take this quarter. Valuations of all financials are being marked down. John What was incredible about Morgan Stanley us that the head of their credit analysis