Lehman LEH Afterhours, Aftermarket 9/11/08

Lehman ( LEH ) is trading at around $4.20 in afterhours tonight....down slightly from the $4.33 close during regular stock market trading on 9/11/08.

CNBC has been reporting that Lehman Brothers ( LEH ) is being shopped around Wall Street for a potential buyer of the company. Names that have come up are, B of A Bank of America, HSBC, and even Goldman Sachs ( GS ). GS would only likely being interested if the government backed certain debt and assets of Lehman Brothers.

CNBC's Charlie Gasparino thinks there is a chance that Lehman Brothers ( LEH ) will be bought out in a matter of days. It is important to note that Lehman has not accessed the Federal Reserves Discount Window recently.

Dow Jones Analysis 9/11 - Dow Jones Technical Analysis 9/11/08

The following is technical analysis for the Dow Jones Industrial Average:

The Dow Jones futures are at 11,165 so far this morning, down 120 points. Some key levels to watch are 11,125, 11037.85, and 10827. These are lows, and they should provide some support. If we close below any of these levels, they become resistance.

The point and figure chart has the Dow testing 10,350....so if we break all of the above levels, look for this to be hit.

The 10 day moving average is at 11,400 and that would be some resistance. When we close over 11,867, the lows will have been made, and we will go a lot higher! Mark that number down!

9/11 Lehman ( LEH ) Downgraded by Citigroup ( C )

This morning Lehman Brothers ( LEH ) is getting pounded yet again. I can't wait until this thing goes to zero so we can stop talking about it. The company has been in denial since it went under $50. The have access to the discount window yet they are not using it. The claimed a month ago everything was fine yet they are selling off assets at the worst time.

Anway...to the Lehman ( LEH ) news of the day.....

Citigroup ( C ) is cutting Lehman to hold from buy.....price target $9. This is halarious....why didn't Citigroup do this on Monday went LEH stock was at $15? They would look like heros, but instead, C looks like idiots today...waiting so long to downgrade it.

What I can't understand is why financials are still downgrading other financials? The financials have been in freefall since early 2007..... don't you think they have been a sell this whole time?

Lehman ( LEH ) Earnings: LEH Preannounces Earnings 9/10/08

Lehman Brothers ( LEH ) preannounced earnings today.

LEH stock is trading between $8.30 and $9.50 after this release.....very volatile!

Lehman LEH lost ( $5.92 ) vs ( $3.35 )

Lehman cuts dividend to .05 Cents from .65 cents....big dividend cut for LEH

LEH to spin off real estate assets into new company

AAPL Steve Jobs Blames Hedge Fund

Steve Jobs has come out an blamed a Hedge Funds for spreading rumors about his health. He blames this fund or funds for bashing his health as a way to get Apple's ( AAPL ) stock price down.

Hedge Funds short Apple ( AAPL ) stock make money when the stock price falls vs when they go long a stock and make money when the the rises.

Lehman ( LEH ) S&P Credit Watch Negative - S&P Puts Lehman LEH on Credit Watch Negative

S&P just came out and put Lehman Brothers on Credit Watch - Negative...... Lehman Brothers ( LEH ) stock price is now trading at $8.94 per share. Lehman earlier said they may preannounce earnings tonight.

Lehman ( LEH ) Earnings: LEH might preannounce earnings tonight 9/09

CNBC Charlie Gasparino is reporting that due to the plunge in stock price.....the company might come out and preannounce earnings tonight. LEH spiked about 10% on the news.....stay tuned!

Stock Market 9/09 Update - Stocks to Watch FSLR, LEH, AAPL

Today has been another interesting day....Lehman ( LEH ) is getting drilled, down 30%. I think this would be the last one to go and then the market can reverse for the long term. By last to go I mean, Bear Sterns ( BSC ) Fannie Mae ( FNM ) & Freddie Mac ( FRE ). If Lehman got taken over or bailed out.....the market can finally look forward instead of fearing the above companies and how it effects selling in the stocks they own. Look at GOOG, CHK, FSLR, ENER, AAPL.....these companies are getting sold off for no reason....and they do not bounce when the market goes up. These are good solid companies trade at fair valuations. Forced selling has the most to do with these stocks.

These are the stocks you will want to be trading....and when the market starts to turn, these will be your leaders as money will again flow back into them. You can add Mastercard ( MA ) and Visa ( V ) in this bunch as well.

First Solar will break back to the upside when it breaks $208......ENER when it breaks back over $56.50....keep in eye on these for some nice swing trades!

July 2008 Home Sales - Pending Home Sales for July 2008 - 9/09/08

This morning July 2008 Pending home sales are out.

Pending home sales were down 3.2% from June 2008 and down 6.8% from July 2007.

To look at upcoming economic events... visit http://blackberrystocks.com

Cardica ( CRDC ) FDA Approval for Surgical System 9/09/09 - CRDC Stock on Fire!

This morning Cardica ( CRDC ) has come out and announced they have received FDA approval for their Pas-Port surgical system:

Surgical systems maker Cardica Inc. said Tuesday the Food and Drug Administration approved its PAS-Port system for use in cardiac bypass surgery.

The system creates a secure connection between the body's main artery and vein grafts. Cardiac bypass surgeries are used to bypass part of a damaged or blocked artery in an attempt to restore blood flow.

The PAS-Port system is fully automated, the company said can complete a connection in about one minute.

CRDC stock is soaring to $10.80 up 35%......Note that ISRG uses some of their devices for surgery