Monday, September 15, 2008

I made my first $1 this week


I went home short Lehman (LEH)  over the weekend anticipating that a bailout merger was not going to happen. Too much risk even with the firesale. 

I am awaiting the earnings of Goldman Sachs (GS) and Morgan Stanely (MS) due out Weds. If these are bad I will stay my shorts and await the capitulation for the complete short cover. 

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