a dog-eared town

I’m glad I wasnt’ invovled in Refco at all.

Refco Inc.’s (NYSE:RFX - News) shares sank 45 percent on Monday after the commodities broker put its chief executive on leave and launched an investigation into $430 million it was owed by an entity he controlled.

Yowsa. That’s gotta hurt. Do you think Thomas Lee is a bit pissed off tonight?

Thomas H. Lee Partners’ Co-President Scott Schoen, whose private equity firm owns about 39 percent of Refco’s shares

In case you’re not sure what a 45% loss over one day looks like, check out this chart.

Now that I look at the chart, it looks like a double top was forming anyway. Oops….lol