I wrote my last post on Lehman Brothers on Sunday and as of Tuesday we are right around the same level. What a wild ride, though. Gapping lower on Monday and higher on Tuesday. Lehman reported earnings today, beating estimates. They are up about 31% on the day.
I'm not sure whether I would have kept any trade on overnight. I'll be honest and say I probably would have. I still think shorting the financials is a good play.
