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What site is that from?
BTW, Google Finance has real-time quotes from NASDAQ now
BTW, Google Finance has real-time quotes from NASDAQ now
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"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. " -
It's from ThinkOrSwim's trading program.Comment
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It is very ugly."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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It would seem that with the Fed giving cash out by the bucketfull, Lehman wouldn't have any existential liquidity issues.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Yes, Leh's chart is very very ugly isn't it?Originally posted by Asher
It is very ugly.
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Yes. The ****ing Bloomberg standard of black-background charts kills me to no end."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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It looks almost official now. Got the bounce after my last post. (Yay!) But the last 4 days have been tanking hardcore, broke down under $23 today, closed under $24. 100million+ shares traded 5 of the last 7 days, all 5 of them the down days too.
(Hoping for another bounce so I'm posting this, it worked last time...)
Lehman had said they were buying their shares to "hurt the shorts" which fueled the last bounce. That was at $28-$34. They disclosed quarterly earnings early on Monday, a larger than expected $3 billion loss. ($2 billion expected IIRC.) If they bought much of their stock, they're looking at a nasty loss from that right now too, and they're in a lot worse shape now than a week ago. Plus they seem to have not been able to get an agreement with the Korean banks they were looking to raise capital with.
If it's any consolation, several other IB's and banks look like they're racing Lehman to the bottom.Comment
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Lehman's plunging stock price just means the general market, including people like you, are panicking. There's nothing different today at Lehman than there was a month ago.
Lehman's known about the losses for quite some time, even if they weren't released...just what happened in the past week to radically change how things are? The only thing they've done is announce the loss publicly, which is sending a lot of people into a panic such as yourself."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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Though I will back up the statement that their management is very incompetent.
"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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A friend of mine is doing his MBA internship with Citi's venture capital group this summer. Bad time to be getting into the financial business.Try http://wordforge.net/index.php for discussion and debate.Comment
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Venture capital isn't too bad right now..."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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Aeson, be ultra careful. From the look of your chart I'd say that rock is v e r y radioactive.
Long time member @ Apolyton
Civilization player since the dawn of timeComment
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I'm not panicking :P
(Unless I don't get another bounce... then I won't be able to get back in again.
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Their stock price does mean something if they were buying back shares though, that's a real loss. It also speaks as to the level of trust that Lehman's partners have in their viability, and how investors in general (including those who have accounts with Lehman) see them.Comment
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I haven't seen any major accounts leaving Lehman. I think that concern is overstated as well."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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I hope you're right, since that will be a nice bounce.Originally posted by Asher
I haven't seen any major accounts leaving Lehman. I think that concern is overstated as well.Comment
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