Lehman Brothers (LEH) Sees Rare Up Day, Rises 10%
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Lehman Brothers (NYSE: LEH) is up 10% today, bucking the weakness in the broader financial sector (XLF down 2.4%).
Two things are being cited for the rise: 1. Continued banter, management is seriously considering taking the company private. 2. Shorts can't press their bets after the SEC issued 50 subpoenas to various investment firms related to its rumor mongering witch hunt.
Two things are being cited for the rise: 1. Continued banter, management is seriously considering taking the company private. 2. Shorts can't press their bets after the SEC issued 50 subpoenas to various investment firms related to its rumor mongering witch hunt.
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