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0 point posted on 09/15/08

85%

Gerald Greene:

+72.34%
risk: moderate

99.56% Gain. What a Meltdown

I closed out my short position on LEH from $47. April 2008 this morning for a 99.56% gain. Yes, indeed, LEH had a few more surprises in its closet of horrors. You can bet that more than a few other financial stocks will be close behind.

Do not underestimate the serious nature of the on going financial meltdown. An entire financial industry built upon leverage of 30:1 to 40:1 doesn't have much staying power as markets turn against them. Even bigger trouble is just ahead.

Related to:

LEH

Lehman Brothers Holdings Inc

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nextfundmanager

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1 point commented 426 days ago reply

congrats on the pick my man

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Lehman Brothers Holdings Inc (LEH)

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