Home > Views > Blogs > Market Movers > Lehman: The Eisinger Effect
EMAIL
PRINT
RSS
SHARE
TEXT SIZE:
SHARE
Send a copy to me

Separate multiple email addresses (max 20) with commas.

0/1500

Main
PDCF: A Veritable Firehose of Liquidity   Extra Credit, Friday Edition
Mar 20 2008 8:15PM EDT

Lehman: The Eisinger Effect

If you look at the one-day chart of Lehman's stock price today, you'll see that it was up a coupla bucks, happily crusing along, until early afternoon. Then, suddenly, in the last two hours of trading, Lehman's stock skyrocketed in high volume, ending up more than 15% on the day, to a very healthy (by current standards) 1.23 times book value. What happened in mid-afternoon to boost the stock so much? Well, Jesse Eisinger published a very skeptical article about Lehman's balance sheet, in the wake of similar questions from Andrew Clavell about HBOS. Maybe Jesse is a contrarian indicator!

See more in

Loading...

Add Your Comment

Required fields are marked with an asterisk (*)
Add a comment

Recent Blog Posts

Archive

Previous
Dec
2008
Next


Also in Portfolio.com
Most Read
Most Emailed
Recently Commented