Archive for March 17th, 2008
BNN interview on challenges at Lehman Brothers
17 March 2008In case you missed it, here is the link to an interview that Mark McQueen did earlier today on the After Hours slot with Kim Parlee on BNN Television. The spot is about 33 minutes in.
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At least someone made $ on Bear’s demise
17 March 2008According to The Street.com, 55,000 March $30 Bear Stearns put contracts traded last Tuesday at $0.15 when the stock was still trading in the $60s. The March option chain would normally expire on the third Friday of the month, but as it is Good Friday this year, the expiry date was actually March 20th, [...]
It’s Lehman’s turn in the woodshed
17 March 2008The North American stock markets are not open for another 90 minutes, but that hasn’t stopped investors from dumping their shares in Lehman Brothers (LEH:NYSE). By 7 am EDT, the stock was down about 18% in premarket trading, to US$32.25. The loss grew to 28% before 8am, to US$28.20.
There’s one thing you need [...]