Short Sellers Ahoy ~ market folly

Monday, July 21, 2008

Short Sellers Ahoy

Taken from the Option Addict's wonderful post on Bank Short Ideas, I present to you this oh so wonderful chart of the 'oh-sh*t-we-might-be-screwed' financial institution otherwise known as Lehman Brothers (LEH). Pay particular attention to the decreasing volume on this 'rally' in LEH. Then look back to last month's 'rally' in LEH and pay attention to the exact same volume pattern. Hmm, I wonder what's next?! Short sellers ahoy.