Ladenburg analyst Dick Bove knows who’s to blame for the “pounding” Lehman Brother’s has been taking. Bove told Bloomberg that you needn’t look any further than the wicked short sellers, who are spreading rumors about the bank, in “a concentrated effort to break Lehman,” a campaign he thinks might be successful because “it worked with Bear.” Damning! Sadly, Bove did not mention any specific names but, knowing the analyst, and how he reacts to man troubles, one need only look to his romantic falling outs for obvious clues, including but not limited to Steve Cohen getting a little too pushy about “going new places together” on the first date, and L-train losing interest and not calling back after Bove finally booked a ticket on the Robbins Express.
Lehman Takes `Pounding’ as Speculation Hurts Shares [Bloomberg]
short sellers
Someone at BusinessWeek recently decided that short sellers are hot, and something should be done to acknowledge that hotness beyond staring into the dreamy eyes of (a picture of) David EinPorn and self-gratifying. But it’s hard to write an article with only one hand so they went with a slideshow instead. It’s called “The Wizards of Short Selling,” which is apt because while long investing involves diligent research and fundamental analysis, short selling involves immersing oneself in the dark arts and sacrificing live goats following a bestial ceremony.
All the usual suspects are there (a group of people who, when the moon is full, show up to their respective trading floors in full attire, i.e. robes and those pointy hats with the stars). You’ve got your Tice, you’re got your Paulson, you’ve got your Einhorn, you’ve got your Ackman, and of course you’ve got your Chanos. Additionally, you’ve got your deceased Winslow Jones, who is often summoned in candle-lit Ouija board sessions. Sadly, a few pretty important names o’ the short selling game were left off the list, which we’ve taken the liberty of including after the jump.
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
