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quasigovy
497 Posts |
 Posted - 06/02/2008 : 11:00:23 AM
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Although I did not time it perfectly and was early, it looks like my Jan '09 put at $20 on both Lehman (LEH) and Wachovia (WB) are going to pay off.
I think Lehman will be saved in the end through a fed assisted buy out, but not before the stock goes under $15.
Wachovia on the other hand..... no one will touch that mess. They are SCREWED!!!!
Not too late to jump in. BUY THAT PUT!!!!!! |
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homebroker@sbcgl
3527 Posts |
Posted - 06/02/2008 : 11:04:07 AM
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| short them. |
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ppulatie
2259 Posts |
Posted - 06/02/2008 : 11:04:32 AM
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| Some analysists think that JPM will step in to buy them. |
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MoneyLenderP
1617 Posts |
Posted - 06/02/2008 : 11:05:06 AM
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| yea JPMorgan is in there... |
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quasigovy
497 Posts |
Posted - 06/02/2008 : 11:07:49 AM
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You mean to say that JP will buy Lehman correct?
You don't think anyone will touch Wachovia's portfolio do you? I think like NCB that once the tires are kicked on Wachovia no one will touch them.
Kind of like the Countrywide deal will not go through unless the fed takes the CW garbage. |
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quasigovy
497 Posts |
Posted - 06/02/2008 : 11:09:21 AM
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quote:
Originally posted by homebroker@sbcglobal.net
short them.
I am not that bold. A couple irrational trading days and I would be losing hair. |
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quasigovy
497 Posts |
Posted - 06/03/2008 : 09:48:50 AM
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Wachovia (wb) jan 09 put + 8.5% so far today
Lehman (leh) Jan 09 put + 15% so far today
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homer5
363 Posts |
Posted - 06/03/2008 : 10:41:56 AM
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| I sold my LEH puts yesterday @ +50%. They were July 25's. I'm looking to get back in. |
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