LEH, Financials, and Oil

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

LEH was crushed yesterday. The price action screams that the market has lost confidence in LEH. We saw foreshadowing of this as my partner, Steve Spencer, has been highlighting during our AM meetings. And today LEH preannounced. LEH traded above 10 and then went negative. They are on a conference call as I write. What a great trading opportunity. So … Read More

I’m Back

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

Glad to be back and trading.  Keep an eye on HK today.  It closed below its secondary price.  If it shows weakness on the Open I will play the downside momentum.  HK closed below the secondary price but it didn’t show extreme weakness into the Close.  So I am looking for confirmation that HK will trade lower. Not a great … Read More