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Two Ways To Play: Buy, Buy Miss Lehman's Pie

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Strengthen your portfolio in good times and bad.

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Lehman Gets a Lift

Stock futures are getting a boost this morning. Reuters reports State-run Korea Development Bank said on Friday that it may buy Lehman Brothers (LEH). A KDB spokesperson said the bank is "studying a number of options and are open to all possibilities, which include (buying) Lehman."

A potential deal would still have to clear legal and regulatory hurdles. Lehman shares are up 14% this morning to $15.70. Todd mentioned Lehman yesterday on Todd on TV: Bullseye on Lehman Brothers' Back.

From the Bull Pen: Does this announcement clear the way to S&P 1330-1350? Bulls can use the depository receipts (SPY), sell-stops can be set below yesterday's close ($127.80).

From the Bear Cave: This rally may simply present another opportunity for the bears. Fading (read: buy) the Ultrashort financials (SKF) which represent twice the inverse of the D.J. financials index, as it approaches $100 may be an option.


Verizon n' Google?

The Wall Street Journal reports Verizon (VZ) may be nearing an agreement with Google (GOOG) to make the Internet-search giant the default search provider on Verizon's devices. The move is seen as an effort to simply the number of search options for cellphone users with both parties planning to split revenue from ads resulting from the search functions. The deal isn't final though with both sides still negotiating key issues such as Google's desire to save information from user cellphone searches. People familiar with the matter expect them to conclude the discussions within the next few weeks.

From the Bull Pen: Will Google attempt to recapture its 200 DMA ($555)? Bulls can play the upside with sell-stops below $480.

From the Bear Cave: Bears recognize that the longer term trend line for Verizon is down. A rally back to $36 could have bears initiating a downside position. Buy-stops can be set above that level.


For more ideas in real time throughout the trading day, check out Minyanville's Buzz & Banter.


Quick Check Around the World

Asian trading closed with the Nikkei -0.68%, Sensex +1.11%, Taiwan -0.10% and Shanghai -1.09%.

A quick check across the pond finds the CAC +1.36%, DAX +1.23%, FTSE +1.66%

As of 8:20 AM EST, S&P Futures are up +8.50 points to 1284, and Nasdaq Futures are higher +12 points to 1919.


A Look At Commodities

Commodities are lower. Crude oil is down -1.14 to 120.07. Gold is down -4.30 to 828.70. Silver is off -0.265 to 13.535, but copper is up +15.10 to 356.10.

The dollar index is higher +0.443 to 76.633.


No events on the radar today. Have a strong finish! Good luck and have a great weekend!
Position in SPY

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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