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This board is far too quiet.
I hope they hold for dollars not pennies!
Yes there's slappage but who's selling 100K shares at .24 or why?
Kitty - thanks for the reply.
Your second paragraph addressed my subtext. : ) I thought there might be something at least partially comparable though I realize every situation is unique.
Have a good weekend.
Kitty
Wouldn't a licensing deal in this case have to include a substantial upfront fee payment? Seems unlikely that SOLM's legal team would allow them to settle this for peanuts and a promise, since TOY doesn't have to actually use the technology.
Are there any comparable infringement settlement cases to compare with this one?
jjr19 - Legal proceedings are not my area of expertise. Fivestar or Kitty probably have more insight about those matters. SOLM is walking the tightrope.
Still a very speculative play here and I'm holding my shares for the ruling and any other news from the company. Selling seems to have dried up completely so IF there is good news, then there's some significant upside imo.
Not halted. Just no sellers and tentative buyers. NITE is baiting.
We're getting screwed by the MM's. Anybody got any fight in 'em? I'm going to get very aggressive with buys soon if this crap doesn't stop.
Look's like SOLM's still breathing.
LOL! Personally I saw the piece as a satirical stab against the GS "best bonuses in history" news during a time of historical bank failures, not so much as a stab against Lehman. I think the irony of using bankrupt Lehman for the satire, Paulson and GS facilitated its downfall, was purposeful. Hilariously done.
lol! Point taken but then how would I know where to add bargain shares if I didn't look at the bid and ask on the different C/T's occasionally? It's easier for me to get fills at the ask than at the bid or between.
My main frustration is when I know I've had an order in and it wasn't executed though someone else got shares below my bid.
Anyone besides me tired of these seesaw trades between the MM's wide bid and ask? I find it hard to believe there aren't bids between .13 and .18.
Thanks Coach. Bonds "slowly" moving up being the key word while the C/T's are quickly halved or held low each day. : )
Coach - is the news helping LEH bond pricing though. C/T's are stuck at the low end of this range. None of the parlay bulls want to buy the current ask prices for the C/T's even though they are half what they were a couple of months ago. Guess everyone has enough shares or they are frozen with sudden doubt.
LEHFQ is now trading only .04 cheaper than LEHKQ.
Anyone know where the senior debt bonds are trading currently?
Wow 585 shares @ .0021? What a big seller we have there.
I've not received any forms from TDAmeritrade. I hold KQ NQ LHHMQ's and pinch of PQ's currently. If anyone else from TDA has recieved them, let me know.
Maybe because they don't sell many of them. LOL!
You still here watching to see if SOLM management can pull a rabbit out of their hat? Congratulations on the recent run in that other stock you play big btw.
Good for you.
The "walkdown" for LEHFQ was on a 10K trade at .01 after 67K trade at .02 - .025. Then the 235K trade hit at .005. I don't disagree it was walked down though I still say it was to advantage an AON order buyer somehow. Wonder if others had GTC bids in that were "skipped" over. I did not so I can't say.
Not to mention the "quick" recovery to .03. That's a 600% gain for some lucky ...
Anyone have a spare $2600 to buy this report from December of last year? At least SOLM is mentioned in it. Click on companies mentioned.
http://www.darnell.com/store/product_info.php?cPath=2_24_40&products_id=82
And they did so rather irresponsibly then. Seems more like a large block AON order matched up with a possibly "friendly" AON block buyer imo.
Large block (235K) traded at .005 on the LEHFQ's today. How does that happen with the commons trading at .04?
Speaking of toxic derivatives does anyone else find this news item hilarious especially the opening paragraph.
"U.S. Treasury Secretary Timothy Geithner on Friday proposed clamping down on dealers in freewheeling markets for little-understood derivatives that helped create a crisis in U.S. and world financial markets."
http://www.cnbc.com/id/31849274
Do any of the expert parlay players here have a guess on what its going to take re: asset recovery numbers to get the sr. debt to move up to the next level?
Obviously the numbers at the meeting were somewhat baked in, though the C/t's are now at the low end of the recent trading range. It seems its going to take more assets recovered at a reasonable rate, but how much more? 30B 40B 80B?
I guess the minute the market sniffs out the toxic derivatives might be worth more that previously anticipated, the bigger run starts. Does anyone have any thoughts on numbers for the cash or debt side to start the next move?
I guess the commons mystify me that they are still trading at .04. Who's buying and selling them? The only advantage is they have more liquidity.
Many of the preferred shares like LEHCQ @.06 LEHGQ @ .03 are trading a prices comparable or cheaper than the common. Also many of the C/T's can and do trade at levels during the day not much higher than some preferred issues. Given the pecking order of the payback from a restructuring, this seems to be quite a bit of disconnect with reality.
It would seem the commons should be much much lower or the C/T's and preferreds higher. Am I wrong?
I agree with you and I realize that more data will be required. My comment about the bonds is simply a reference that we need to see them moving up and showing optimism about Lehman future asset recovery.
Imo little to none of the recent good news is priced in the C/Ts at these levels at all. Most of the trusts were trading in the .20-.30 range when I first discovered them. Many are now trading in the teens though the lottery effect for acquiring shares is frustrating.
Personally this helps me since I can continue to acquire shares at prices less than .005% of face value and wait for good news to have an effect.
If there's another 3% of low hanging fruit to be sorted at these levels, things should start to turn up quickly.
"Collection fom derivitives. Marsal said they collected $16bil of $27.1bil that they are owed from derivitives. This is only 1% of all derivitives and 99% have not been sorted out yet."
1% of derivatives sorted out have netted .59 on the $1. That appears to be very good news. If this were a political campaign we'd only need another 3% to predict the final figures. Why aren't those bond prices moving up?
Not much excitement on the LEH boards today. More time to add shares it seems.
Not many shares available to short on the KQ LQ NQ and PQ. Only 2 or 3K each. Interesting though that the LHHMQ's have 200K shares available. Not too long ago this same disparity was present with the PQ's having a significantly higher level of shares available to short.
Anyone know what to make of these rotating short share levels?
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=usa&tag=United States&ib_entity=llc&ln=&b=LEH&e=LOG
Copy and paste the entire link above. It's a bit too long.
We need to start slapping the ask! I did manage to get a few hundred LHHMQ's today at .16 though today.
Thank you pocket. Your information is much appreciated.
Bank sector getting hit hard today. LEH will have to buck the tide. XLF down 4%. Good day to get more shares.
I'm still showing .18 on the ask? How about the lucky dawg that just got .153 while I had an order in at .16? This is getting very old.
We need some serious ask slapping near the close. My guess is the MM's want a low close so the rise on any good news tomorrow will be less. .15 to .30 again doesn't break the C/T's out of their trading range. A move from .25 to the .40's will.
well with ~90% of the shares traded earlier today @ .22 asp, it's not a coincidence that the kq's are down 38% on the other 10% is it? lol!
Not many are selling so it doesn't matter. The MM's are just moving the price however they like. As long as DOMS is bidding @ .06 it wouldn't surprise me if the KQ's trade there sometime today regardless of other higher bids.
Banking index - select SPDR for financials.
Some of the volatility you see in the Lehman issues may be traders or brokers running them with that index. Possibly not enough good news yet for LEH to buck the trend in the banks. Hopefully at some point soon, there will be.
Legend - You are correct about Lehman stocks not being trade friendly. For me though it's worked out well because I've had the time to snipe hunt with small share orders. And I can wait for lower prices to add, IF the come. Probably won't add anything else in the short term except more PQ's if they offer another deal on them.
I've accumlated some nice holdings at reasonable prices and can afford to be patient with the BK process.
Keeping an eye on XLF. It's very tight and should move one way or another soon. How it XLF impacts LEH will depend on LEH news I suspect.
Well today I managed to snag a small position in LEHPQ @ 1.50. If they lower that ask again, will grab a few more. Nice addition to my other Lehman holdings of KQ's and NQ's.
Hi everyone. KQ board is quiet today.
Hmmm maybe GM should buy SOLM with some of the taxpayer funds. They could start retrofitting school buses and UPS trucks until their auto business returns. lol!
Or we need a TOY competitor to show some interest in SOLM to start some saber rattling.
Guess we just wait for now.