Memba 4 days ago when I featured Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) as perfect technical breakdowns/a short selling pattern I looooooove?
Well, since then those two turds have dropped 16% and 33%, respectively.
Forget all the BS media noise, rumors, tips, fundamentals, screwed employees, just all the shitty things/petty human waste products that are a part of every day Wall Street and focus on the charts. Can you guess which financial company is showing the EXACT same pattern?
Yup, good ole Lehman Brothers Holdings Inc. (LEH)! Good God, I love the smell of failure in the morning!
Disclosure: I have no positions in any of these “companies”, I just enjoy justice being served.