[smallpoxgirl]

Wish I hadn't read this thread this morning.

Bad time to buy puts.

$this->bbcode_second_pass_quote('', 'L')ehman jumped $1.24, or 4.1 percent, to $31.85 for the biggest gain in about three weeks. Merrill's Moszkowski wrote in a research note today that the stock, which tumbled about 50 percent this year, ``has over-corrected to the downside.'' He raised his recommendation to ``buy'' from ``underperform.''

More than 73 million Lehman shares changed hands in New York today as the stock rallied from a drop of as much as 6.8 percent, making it the most-traded U.S. company tracked by Bloomberg for a second straight session.

[roccman]

$this->bbcode_second_pass_quote('smallpoxgirl', 'W')ish I hadn't read this thread this morning.

Bad time to buy puts.

$this->bbcode_second_pass_quote('', 'L')ehman jumped $1.24, or 4.1 percent, to $31.85 for the biggest gain in about three weeks. Merrill's Moszkowski wrote in a research note today that the stock, which tumbled about 50 percent this year, ``has over-corrected to the downside.'' He raised his recommendation to ``buy'' from ``underperform.''

More than 73 million Lehman shares changed hands in New York today as the stock rallied from a drop of as much as 6.8 percent, making it the most-traded U.S. company tracked by Bloomberg for a second straight session.

[smallpoxgirl]

$this->bbcode_second_pass_quote('roccman', 'i')f you click this link you may actually feel better about buying puts

[Peleg]

It's a shell game. Eventually someone is going to say, 'OK pick up all the shells so we can find the ball.' And then they realize there is no ball.

[roccman]

Down over 7% today...
And desperately trying to raise money...
So it begins.

[Ivan_M]

$this->bbcode_second_pass_quote('roccman', 'D')own over 7% today...
And desperately trying to raise money...
So it begins.

[roccman]

$this->bbcode_second_pass_quote('Ivan_M', '')$this->bbcode_second_pass_quote('roccman', 'D')own over 7% today...
And desperately trying to raise money...
So it begins.

[roccman]

ouch!!
down over 8% today.

[biofuel13]

$this->bbcode_second_pass_quote('roccman', 'o')uch!!
down over 8% today.

[roccman]

$this->bbcode_second_pass_quote('biofuel13', '')$this->bbcode_second_pass_quote('roccman', 'o')uch!!
down over 8% today.

[firestarter]

LEH is toast.

[biofuel13]

$this->bbcode_second_pass_quote('roccman', '')$this->bbcode_second_pass_quote('biofuel13', '')$this->bbcode_second_pass_quote('roccman', 'o')uch!!
down over 8% today.

[biofuel13]

$this->bbcode_second_pass_quote('roccman', '')$this->bbcode_second_pass_quote('biofuel13', '')$this->bbcode_second_pass_quote('roccman', 'o')uch!!
down over 8% today.

[roccman]

$this->bbcode_second_pass_quote('', 'N')EW YORK, June 12, 2008 /PRNewswire-FirstCall via COMTEX/ -- Lehman Brothers Holdings Inc. (LEH) announced today it has closed its previously announced $4.0 billion public offering of 143 million shares of common stock at $28.00 per share.

[eXpat]

Two senior executives at Lehman Brothers are to step down link
$this->bbcode_second_pass_quote('', 'C')hief financial officer Erin Callan and chief operating officer Joseph Gregory are to leave their posts.
The firm has been reeling from the financial impact of the US mortgage slump and the global credit crunch.
Lehman made a $2.8bn (£1.4bn) quarterly loss and has outlined plans to raise $6bn in additional capital.
The quarterly loss was the first in the 14 years since the business was spun out of American Express. It contrasted with its performance in the same period last year, when it made a $1.3bn profit.
Lehman has already been forced to raise $4bn in extra funds this year to help bolster its balance sheet, undermined by credit losses and the write-down of investments linked to the mortgage market.
It announced the fresh $6bn capital move earlier this month just days after denying that it was facing liquidity problems.
Chief executive Richard Fuld is taking radical action to strengthen the firm
Lehman is the latest US bank to reshuffle its management team amid the worst US banking crisis in a generation. The chief executives of Citigroup, Merrill Lynch and Wachovia have all stepped down in recent months.

[roccman]

Rumor mill says some heggie is looking at buying them for $15 a share.

I say dead man walking.

[DantesPeak]

I am not any kind of expert on Lehman, but because the Fed has already basically substituted 2/3rds of its assets with derivatives and broker loans since the BS fiasco, the Fed can't really stomach another bailout. The result of the Fed lending $100s billions more in another firm bailout would be general hyperinflation. Actually we already have energy/food hyperinflation, but when I say that, I am still told hyperinflation is not possible.

mmasters has been saying for a long time Lehman will fail, and his track record in this arena has been good - to say the least. The next big firm going under will be the iceberg that sinks the titanic US economy.

[BigTex]

As they were discussing on Kudlow this evening, at this point no one seems to even know what a potential Lehman buyer would be buying.

But yes, Lehman does seem to be in a lot of trouble. All firms like that have to sell is their brand name, and once that goes, it's over.

It's not like they have plant and equipment that could form a floor on their value.

Just a bunch of arrogant overworked money-changers.

I don't think the Fed COULD bail them out at this point. The signal it would send to the market would be profoundly confusing.

People would say "When did the Fed get in the business of playing FDIC to investment banks?"

[mmasters]

My guess is Lehman will end up merging with Goldman.

[DantesPeak]

$this->bbcode_second_pass_quote('mmasters', 'M')y guess is Lehman will end up merging with Goldman.