Monday, March 17, 2008

Small Bet On Lehman

Okay, okay, call me crazy... I just took a piece of Lehman Brothers (LEH) at 21.81. It's a fairly small piece, but it's not tiny. If Lehman goes the way of Bear, it'll sting, but won't be a disaster by any means. Looking at my recent track record... you probably want to fade my trade. Heh.

*** Edit #1 ***

Decided to play it safe. I took the money, and I'm staying out for now. Sold off the position at 27.94 for a fat 28% gain. LEH now approaching 30, but I'm not complaining. Have a Vegas trip this weekend, so this does nothing, but help.

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