Covered Bear and Lehman Shorts

Wednesday morning I decided to cover my shorts in (BSC) at $93.25 and (LEH) at $62.52. Frankly, this is a defensive move, as I have big positions in the brokerage sector (namely (MS)) that are going against me at the moment. I don’t feel that covering MS would be advantageous at current prices, so covering the other brokers effectively cuts some of my exposure for the sector.

Comments

[Incae:]

Saludos desde el Canal de Panama , te mando uno para ti, check Nutracea and Storm Cat

2007 Dec 24 12:55 AM

[Incae:]

Nutracea and Storm Cat son my top 2 specs for 2008. Lei que te gusta china farma, creo que te va a gustar Simcere de Goldman Sachs, si aplicas tu regla de +1 multiple on growth rate la encontraras undervalued. Es una de las empresas del index chino menos seguidas por los analistas. Feliz Navidad y un prospero portafolio 2008.
By Pol in Panama

2007 Dec 24 01:04 AM