Einhorn vs. Lehman: Lehman Will Lose [View article]
Perhaps you should clarify exactly what price target Einhorn has put on LEH and the specific $ writedowns in assets/earnings numbers he has in mind. Is 50% of bv his target or is 10% as in bsc takeout price?
It's Too Late To Short The Financial Sector [View article]
Well except for isolated cases (balance sheets where they find "waldo" this quarter) and where technically the stocks look unusually vulnerable, based on multi-month/year support levels at risk of high volume breaks, where is the opportunity in shorting? Clearly, you nor I nor the market, which was valuing BSC, GS 30% higher months ago, know where "waldo" is (see bill gross's sept commentary at pimco.com), though I probably have better idea what is being discounted at current valuations. I would hazard a guess that you you are short (based on a misguided technical approach). If you were short based on fundamentals (weeks/months ago), than congrats, but why not cover now???
Einhorn vs. Lehman: Lehman Will Lose [View article]
It's Too Late To Short The Financial Sector [View article]
It's Too Late To Short The Financial Sector [View article]
It's Too Late To Short The Financial Sector [View article]
It's Too Late To Short The Financial Sector [View article]