LEH nice buy right here!

[Lesterric]

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.

[Austinfuh]

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

[auwoxyooifsu]

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/default/xenforo/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!

[awidusauehewi]

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!