Shares of Lehman Bros Holdings Inc (NYSE: LEH) Fall 44% Says Market Timer Frank Kollar
September 10, 2008 (FinancialWire) (By Frank Kollar)
Shares of Lehman Bros Holdings Inc (NYSE: LEH) have fallen to lows not seen by this brokerage firm's shares since 1995.
On Tuesday, September 9, Lehman Bros lost some 44% of share value as rumors flew that the company will be unable to raise capital or sell assets to carry them after sustaining huge losses in commercial real estate loans.
Aggressive traders who are looking for a reversal need to stand back awhile as this company may be hiding information that could result in even lower lows. Lehman Bros recently stopped selling shelf-registration bonds that allows them to borrow money regularly without filing detailed documents with regulators.
That is likely because they have information they do not wish to be seen by the public. Obviously this information will eventually be disclosed and you do not want to be holding shares when it happens.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Go to previous Press Releases & Trading Notes.
Note: These Press Releases are short term in nature. They may or may not reflect the same position as current subscriber reports which typically have longer time frames.
© Copyright 1996-2008, Kollar Market Analytics, Inc., All Rights Reserved.
FibTimer reports may not be redistributed without permission. These Trading Notes however may be distributed without permission.
Disclaimer: The financial markets are risky. Investing is risky. Past performance
does not guarantee future performance. The foregoing has been prepared solely
for informational purposes and is not a solicitation, or an offer to buy or sell
any security. Opinions are based on historical research and data believed reliable,
but there is no guarantee that future results will be profitable. |
