Friday, May 9, 2008

Getting short Lehman

Gotta love the AIG results this morning. Yup, crisis is behind us. If you repeat things often enough even a parrot will learn to repeat it. Unfortunately for the masses, the mainstream financial media and Wall St. are that parrot. Garage sale at Citigroup. This leads me to Lehman.


I am getting short 1 unit here of Lehman ticker LEH at $43.80.


Open Positions:


Long 6 units Currencyshares Japanese Yen ticker FXY @ $88.55 stop at $91.40
Long 1 unit Allis-Chalmers ticker ALY @ $14.45 stop at $12.64
Long 2 units Ultrahort Real Estate ticker SRS @ $85.35 stop at $81.84
Long 2 units Ultrashort MSCI ticker EFU @ $76.25 stop at $71.72
Long 2 units Powershares DB Agriculture ticker DBA @ $36.35 stop at $35.24
Long 2 units Ultrashort S&P500 ticker SDS @ $57.05 stop at $53.17
Long 1 unit Ultrashort Russell 2K ticker TWM @ $74.60 stop at $69.92
Short 2 units Daimler AG ticker DAI @ $86.20 stops at $82.48/$81.38
Short 1 unit Brinker Int'al ticker EAT @ $21.25 stop at $24.14
Short 2 units Retail Holders ticker RTH @ $97.20 stop at $98.56
Short 2 units Research in Motion ticker RIMM @ $133.10 stop at $135.72
Short 2 units Goldman Sachs ticker GS @ $197.95 stop at $204.14
Short 1 unit Darden ticker DRI @ $37.30 stop at $40.27
Short 1 unit Lehman ticker LEH @ $43.70 stop at $48.57

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