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Lehman Brothers $20 Price Target Complete

Posted on June 30, 2008

In the beginning of June, I noted that Lehman Brothers (LEH) was reiterating a sell signal on the Fusion IQ ranking system. So too was CIT Group (CIT).Lehman closed at $19.81, and is now at an eight year low on Take-under speculation. CIT is $6.81, about 32% below the June 3rd call.At the time, we put a $20 price target on Lehman, and warned against owning CIT. LEH is since down 41.4+%; CIT is down 28.77%. I rarely use the blog to promote our Quant tool, but damn, if you missed this one, you left a lot of money on the table. I am reiterating these two calls because they were such jumbo w...

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