Lehman Brothers $20 Price Target Complete

Monday, June 30, 2008 | 05:15 PM

In the beginning of June, I noted that Lehman Brothers (LEH) was reiterating a sell signal on the Fusion IQ ranking system. So too was CIT Group (CIT).

Lehman closed at $19.81, and is now at an eight year low on "Take-under" speculation.  CIT is $6.81, about 32% below the June 3rd call.

At the time, we put a $20 price target on Lehman, and warned against owning CIT. LEH is since down 41.4+%; CIT is down 28.77%.


I rarely use the blog to promote our Quant tool, but damn, if you missed this one, you left a lot of money on the table. I am reiterating these two calls because they were such jumbo winners -- 30% in less than a month. If you haven't tried the tool you are missing out on an enormous moneymaker.

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Monday, June 30, 2008 | 05:15 PM | Permalink | Comments (22) | TrackBack (0)
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Someone likes Google Finance!

Posted by: Jonathan | Jun 30, 2008 5:22:30 PM

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