Trade: Playing the Lehman bounce

Investment banking stocks such as LEH and MS have been crushed over the past couple of weeks. It's always risky to go counter to a strong downtrend, but I think LEH is a low risk bounce setup right now. LEH almost broke down below to strong areas of support: the 200 day moving average at... Continue Reading →

Trade: LEH

I bought 250 shares of LEH at $82.64. This is a speculative play along the lines of the AKAM trade. My target is the recent highs at $86, and my stop will be placed just under the 50 day moving average, around $80. The brokers have been strong over the past few months with dips... Continue Reading →

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