Archive for August 22nd, 2008
Rumor Or Hammer? The Market Will Tell
At 1pm on Thursday, Ladenburg analyst Dick Bove sent out a note on Lehman Brothers to raise the stock to a Buy, basing his belief that a hostile takeover is now possible. Within less than a hour, Lehman’s stock rose from $12.91 to $13.54. With the lightening speed of the market, there is no time [...]
