I'm predicting Babcock and Brown to become insolvent and go out of business within the next few weeks at the most, and I have the put-options to prove it.
DYOR But if you are 'long' this stock, you need to have a long hard look at a lot of factors. Phil Green's departure was the final confirmation I needed. (The straw that broke the camel's back.)
Lehman has created a firestorm for tonight's market, and we could finally see our first 500 point loss on the DOW for quite some time. AIG and WA MU ect are next dominoes to fall over there. Investment Banks are the 2008 versions of the "year 2000 tech boom victims."
Don't prepare for the next leg down at your own peril.
BNB Price at posting:
$1.63 Sentiment: ST Sell Disclosure: Held
