This focus isn't positive press for the stock but who knows how the market will react.

The Wall Street Journal article is headlined Lehman Torpedoed Lehman. Google headlines also not good imo. Hopefully the reporting will shed light on the other factors over time.

The reorg plan and new balance sheet numbers could certainly shift sentiment back to the company and away from FULD. It looks like he's going to get an a$$ kicking in the media. Unfortunately he IS (or WAS) Lehman.

Clearly Fuld was not "well-loved" by the big dogs on Wall Street. I wonder how Just Plain Monsterous is "cooking their books"?

Did anyone listen to CNBC just now re: the Lehman report? The reporter talking to Kudlow basically focused on the fact the Fuld was "cooking the books" with repo 105. No mention at all of JPM or Barclay's. She did mention the auditors.

She left viewers with the insinuation that there might be criminal charges filed based on the report.

Dan - Thank you so much for taking the time to do this!

I agree Coach.

Soon there will be many more people watching and following Lehman closely.

I'm curious to see if the MM's can crush it to .10 (one more time)

Knowing how these MM's work now, I'm putting in a low ball bid in the 2's just in case.

Face value is $1000. No one knows what they will ultimately see in a payout though I think 10% of face is possible. And the ones I bought at $2 last year are looking pretty good at $4.


Someone sold me another 200 shares today at $4.30. I should thank them.

Go Lehman!

In case anyone missed it, this was why I posted that current article.

"This isn’t the first time regulators have blamed credit- default-swaps traders for exacerbating market declines. New York Attorney General Andrew Cuomo started an investigation in September 2008 into whether trading in the swaps was manipulated to spread rumors about financial firms and drive down stock prices amid the credit crisis that led to the collapse of Lehman Brothers"

Ah but we're talking reputation of a judge here and a possibly career, not to mention a patriotic, defining moment.

Wives don't really count do they tiger? What will history remember him for? Again pardon my cynicism.

Pardon my cynicism but if it's "pure evil", it would never see the light of day imo.

I'll go with evil diluted for the masses and still favorable for Lehman. In other words media pablum.

I should ask directly, evil on who's part?

You didn't answer my question. So educate me. Is this important?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aj9Qo2YqmFKs&pos=7

I won't speculate. I wait patiently for the reveal. As we all do.

http://news.google.com/news?sourceid=ie7&q=lehman%20bloomberg&rls=com.microsoft:en-us:IE-SearchBox&oe=UTF-8&rlz=1I7ACAW&um=1&ie=UTF-8&sa=N&hl=en&tab=wn

What do you think is in there?

Someone's had a few.

Lol! I bet it's a nice shoe. Pins and needles. I'm gonna sew regardless.

My perspective is that everyone should understand there aren't any "Good Guys" here. It's a case, like politics, of the lesser of other evils. I hope Judge Peck sees the light.

I'm not a fan of drama. It makes people trade on emotion. I should add that the media headlines will certainly be critical short term. Good luck!

I say we slip the bond puppet master a rufie.

Lol! I'll miss you and good luck!

I agree. But as a pragmatist, I'll take baby steps for now. The unwinding of massive corruption is a delicate matter to say the least.

And don't forget the DTCC. If they were our "mail delivery" system we'd get it a month, or in some cases, a year late.

I have parlay. I trust Judge Peck has sense and conscience. That is truly what we are speculating on.

Or anarchy reigns completely sovereign in the capital markets at the US tax payers expense. That would bring the question right up to Federal Reserve. "WHO OWNS US?"

Some history from the BBC on the Lehman quick spiral into bankruptcy. Consider the source but worth revisiting all the videos. Lehman was sacrificed based on mark-to-market and over leveraging in the housing commercial real estate market. There are five videos. I find it interesting how inflammatory and lame much of the media representation is in this series.

I'll place my bet on Coach T.

I did get a 200 share fill at 4.35 today.

Go Lehman!

Got some nice .13's yesterday. I'm bidding .09 today in case they try to print that .08. Let's see how hard they want to play ball.

I agree. Fake or paper thin. We'll know soon enough.

It isn't me. : )

Thanks Brikk. Pure luck. I really didn't expect it to fill given the J's morning strength.

Lol! So you're the reason my 4.35 bid won't fill. Waiting for the kaboom. I think it'll be soon.

No idea. I just picked up more shares at .13. Playing the price is right game while I can ahead of the news.

At least I got filled on shares I bid at .l4. I figured that price was history. Works for me.

Go Lehman!

Kudos Coach. You da man!

Bid will raise only if buyers start paying the ask. Otherwise MM's are content to let the J's lag behind the common imo.

Brikk

I've learned a lot here from you, coach, VLV and many others.

Thank you all.

My point is disregard liquidity for now. The MM's will manipulate around it. Just as VLV said to disregard dividends.

Until they can't manipulate, it's all wild west and ride the bull for more than a day week or month if you're a real cowboy.

I may not agree with you with the simple logic that the J's are trading too close to commons at this time.

NOL's are giving lift to commons...not the J's?

I may not agree with you.

Sure there is.

Yes they covered at the expense of retail. I had orders in at .114 while loads of shares traded at below my bid.

This is the world we trade in.

Here's the strange thing.

If the flippers and liquidity traders are gravitating to the J's, then it makes the most sense to pressure them. Of course at some point this will bite them in the a$$. No one knows for sure.

But if they let the J's fly on a short squeeze, the trusts will sky rocket. So it's in the interests of the puppet masters to focus on the J's and keep them weak.

The real puppetmaster controls the bonds imo.

It looks like 221900 shares were shorted today. Wonder how many they covered?

http://regsho.finra.org/FORFshvol20100304.txt

Ari - I just stumbled on PROJ last night. Chart seems like a nice setup. They are in the same business as CRM. What are your thoughts?