LEH nice buy right here!

t was a good buy at 9 D EMA near 14.62. It is bouncing off well. I think it goes to 16. If LEH does not hold 14.60 area, it comes to 14.20 area for next support.

I traded with it when it went above last 3 days high near 14.20 and out of it at 15.

Same deal will FRE yesterday. FRE can still go to 5.50 to fill the gap.

Did you notice that South Korea elected not to buy LEH out after all? Did you also see that it was downgraded significantly by Morgan Stanley this morning? I think Lehman looks like a nice short right now. Currently at $14.82

I don't care what the news is because financials rally on bad news and if there is a good news then they rally as well http://onlinetradersforum.com/styles...foro/clear.png

Better to watch the price action due to news effect rather than to judge the news!

I traded well will LEH and FRE but it is risky as well. I don't think they die hard before long weekend due to lack of major news and big money out of market!

Real market action will begin after big money is back next week!

I think before every long weekend Solar stocks rallied (since December 25 2007), may be this time financials are doing that!