Friday, August 22, 2008

STOCKS UP! ON SUBSTANCE OR RUMOR

YHOO.com

"Worries about the embattled Lehman re-emerged this week as analysts lowered their estimates for the investment bank and forecast large additional write-downs. However, a Ladenburg Thalmann analyst upgrade on Lehman to "buy" helped stocks finish mixed on Thursday; he said he believed Lehman has become a hostile takeover candidate.
And on Friday, after the previous day's media reports that discussions between Lehman and a group of Korean banks had fallen through, another media report emerged that Korea Development Bank is considering buying the company. Lehman rose $1.83, or 13 percent, "

SDS has hit an uptrend line some of my friends and I drew...how it reacts around $64.50 will be interesting..as I post it has given way......I am monitoring to see if it can recapture.....77% up volume not bad...but stocks moving on LEH "rumors" and hope (battered financials) is not the stuff IMHO IT rallies are made....we'll see

Been waiting for ADJ money base....not up on FED site yet

D

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