Buying Lehman (LEH), for a Trade...

06/30/08 03:24PM EDT
Enough is enough, and the stock finally broke down through my target price today, trading down another -9% on a "rumor" of a "take under".

"Take Under"? C'mon guys... almost 15% of the float is held short at this point, and you're out there creating rumors like this on the last day of your month and quarter?

Do you really think this is going to happen tomorrow? I don't...

Strategists all over the US have been trying to catch a falling knife buying the brokers all year long. Consider this my 1st buy ticket, and foray into the abyss. Pray for me.

*Full Disclosure: I now own LEH in my fund, for a Trade at $20.33.
KM
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