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Yes,, well I got them today...some at .0055 / .006 , but most of them at .007
I said to hell with it and wanted all I could get before the close today. That brings me to 202650 or the J's, so even 20% recovery and its a good MILL'!!!
Fully loaded with 3000+ p's as well (BOOM baby BOOM)!!
OT..there are too many virus on both Ivestor's Hub and the Yahoo board. I've caught 2 on both my computers and will deregistering for IHUB today and refuse to log on to yahoo until I get a better virus protection!!!
Good luck dudes and dudettes!!!
LOL>>>>>>>>>...
Ok, this is pitifull. I put in a 75K share order at .0038 and look how many trades I'm up too and one for as litte at (320 shares for $1.23)!! Still got a little less than 60k more to go...........This could be a long multi/multi fill- Hillarious!
Today's Completed Orders
Symbol Action Qty Acct Type Price Total
LEHJQ BOUGHT 1000 MARGIN $0.0038 $3.82
LEHJQ BOUGHT 8800 MARGIN $0.003 $26.53
LEHJQ BOUGHT 400 MARGIN $0.0038 $1.53
LEHJQ BOUGHT 320 MARGIN $0.0038 $1.23
LEHJQ BOUGHT 780 MARGIN $0.0038 $2.97
LEHJQ BOUGHT 4000 MARGIN $0.003 $19.06
Open Orders
Symbol Action Qty Order Type Price Status
LEHJQ BUY 59700 LIMIT $0.0038 OPEN
With a possible divi of .0795/share!! I can play these games!
Ok,,,,, Scottrade!!! Are they honestly short on J's now too??
Just tried to do an online purchase for 50K more and its telling me to contact my local broker!! Yeah I'm making the call, but this is definitely a deterence. (IMO)
Hmmm, I am playing the
P's (1000 fv)= 500
J's (25 fv) = 100,000
...and two of the 4 Trusts "LEHKQ and LHHMQ".
For the money the J's are a better deal when you compare payout per quantity, but the P's have a much smaller float to consider, which could make them far more scarce when they trim the fat off and get more attention!
IMO, Lehman is a sleeper because they never were split up- simply denied money to survive and therefore filed Chapter 11. It just so happens to have the same outstanding law firm as WMI! They originally claimed appx. 600+ Billion in debts and now are down to like 200+ Billion as PR'd. They are expecting to exit BK within 2 year or less and with the new TALF/TARP I'm doubting the new administration will turn them down if its needed? Besides, they have to have an exit plan approved by the court first of all! Let’s not forget that they also fault JPM for freezing their 17 Billion in funds which effected there liquidity!! I don't want to ramble as I’m not the lead resource on this one, but they are all gambles. If you have $$ to play, then for the price versus face value- you can't beat it! Lehman’s has been around since dirt and I'm sure they have just as much money stashed in jars/subs like WMI does-lol and all my opinion! Of course it depends on if you are playing them for the possible reinstated dividend or the buy out? I don't ever see this going to chapter 7 for various reason- not to mention putting a damper on O'bama's recovery/aspiration plans (IMO)
I'm playing WMI and Lehman’s, but heavy in WMI!! BOLTU, but I'm sleeping good at night knowing "Weil" is burning the midnight oil!!!!(IMO)
mdavid40,
Mostly inner city for those, but I was thinking more "West Bloomfield or Berkley" in the upper 300K $ range?
Wow only -2 hour and counting....Tell NASA Wamu is about to take orbit!!
LOL,
Well chickens do coupe together and thats NO surprise. This is a long play for me as well as all the Lehm. stocks
100K of j's as well............hell I'll glady take $10 bucks or the $25 face for that one!!!!
I'm loving these Big board pinky stocks!!!!
mdavid40,
Yeah, and with the prices of house in Michigan....I'm upgrading Mom from a new pair a shoes to a new HOUSE!
Ain't Mother's Day around the corner
Also gonna put my Dad on Allowance......for life!! -lol
Good times ahead- Thanks to all for great DD !!
Lincolns2Jacksons'
Believe me when I tell you; This is in "Penny Land", but not a Penny Stock by any means. Hope your not too late to get on the boat!!
BOL!!
tradingbama!!!
MAN...Do I like that freackin' monkey!!!! That makes my day- thanks man!!
JG,
I've seen him on other boards!! Hey this rally just wouldn't be the same without the "Rally Monkey" to make it official!!
Surely someone has the URL.....I'll ask on the momo boards!
Best to all and so sorry for those who procrastinated
Hey Was,
Get the rally MonKey ready
...you deserve it dude!
Yeah rockie101,
When I make a funds transfer to my bank from Scottrade.....It may just well be a bank bailout- lol!!!
rockie101,
Naw...only have 6200 of those, but 3000+ Ps & almost 5000 k's. I hope Lehman's catches some of the wind fall, because I got plenty of the Ps, Ks, Ms over there too. Monday is gonna be crazy pressure on the PPS!! (JMO)
WHY? do they still have these on restriction that you have to call the order in!!!
Just bought another 300 @ .50
They keep saying its volatile, but there's no volume to justify saying that!??
That's ok,,,,,,cause I'm still Holding/accumulating!!
BOLTA
Yes! got another 220 @ 3.40
PQ's = 3000 and even added to all the other's!! I've never felt this good about investing in BK until WMI!
BOLTA
lol- got off the fence yesterday, but oly in for 42K shares @ .0235
Looking to double up easy!
Jerle
Step away from the bottle and stop kissing that bullet. You'll be just fine, ...only a few more months to go- lol
JMHO, but you can't be serious??!
LOL- I'll take #1, but wait....they all sound good
Hold and/or accumulate (JMHO)
The time JPM has to state any claims on assets that they believe came in the deal from the FDIC!! No more poker faces....time to show their hand! (JMO)
Well I don't have the link, but basically they are talking/plannig on 2 baskets; one for the good stuff and one for the bad stuff until they can get descent or fair value for their currently distressed value......once the economy stengthens.
Also there was a mass email sent out by Scottrade last week that you had to call in for more details on a Reorganization/tender offer. The offer turned out to be 20 commons for every 1 share of preffered- so I would assume many fish went for the worm
For less than a buck purchase, I like the risk for a $1000 possible face!
Hmmmm....
Well they are splitting the business (right)? hmmm..., it would be a wonderful thing for them both to come back stronger and leaner!?
GoPhins,
I can only think that with Scottrade being in Cahoots with Knight (NITE) the MM....then those shares could be going to or used for anyone, so who is really to say who the buyer could be?
So would the same apply to BAC & JPM who received the same email ONLY thru Scottrade..........that I know of?
What worries me a little itty bit is how low and dirty are they willing to go? If they'd try something like this whats next and yes I've also thought of the distraction angle?
I'm in for around a $1 so the risk/reward makes since for me.
Hold/watch your P's!! BOLTA
Viv',
Thats good news (IMO),
I can only assume/wonder/hope that since both Lehman and WMI have the same counsel..........wouldn't it be nice if part of the restructuring exit plan was to combine/merge as one "in" whole or part?
One can only hope, since they still have banks???
MrPennyIII,
You also have to call in for LEHPQ, my puchase was around the 11-12th last week, then about 3 days later the emails wend out to BAC, JPM and LEHPQ ect. about "reorg/tender offer'.
The rep said it was because the stocks was volatile, but I questioned that by saying the "avg daily volume" was only around 2K+ on Lehpq at that time of purchase???!
Hope this helps you puzzle something together?
HROLLER,
Is right.... when you are forced to call in due to the restrictions....they only charge you $7 bucks. Sounds like they attempted to discourage you, but definitely took your $20 dollars!
Yeah I had to call in my purchase last week, it's funny because I said I'd also like to purchase wamkq and he said I could do it myself since they didn't restrict those??
Hold your P's!! (JMO)
Ok,,,lol- I praised Nick, everyone else should as well!
yes'..... since it has to be broker assisted, hahaha!!! So where is the value in that?
Threw everyone in a total frenzy on LEHPQ, BAC & JPM and two other that I can't recall right now- for that!
The guy kept asking me for my account# and I refused to give it to him. He kept insisting that he needed it to answer my Q's, Hahahah- crazy right!!!
Let'em ride!!!
1 share of preferreds for 20 shares of common, hahah-lol (what a joke).
Supposedly offered through Lehman; but who really knows/cares...
IMO, that is true.
..., but I'm betting on A&M representation, the PR stating they are looking at dividing the company into two seperate entities and simply the face value on these as preferreds. For less than a buck it's just takes the gamble/guesswork out of it for me.
If I'm correct they filed that the BK would take 1.5 to 2 years, but of course anything could happen b4 then?! No certainties at all, just going with my gut.
Also, this stock follows wamuq and vice versa- probably because of the same counsel. Hmmmm... what is good or works for one may just work for the other I figure?
Good luck!
I'm thinking about ordering a defibrillator, cause I'm bound to have a heart attack if I wake up and see 6-7 figures!!
?? There is no substantial benefit of owning commons over preferreds that I'd be willing to take a loss at the rate of 1 for 20.
Once again for my little 200 buck/200 share investment I'll wing it out for any possible payment if any!!! (Long on this one).
copied from yahoo board; up tick rule.
http://seekingalpha.com/article/120751-bill-introduced-to-reinstate-the-uptick-rule
Please write the sponsors!
There are assets and WMI is in the process of making it more definitive on/by 31-Mar-09 by court filing.
Hope that helps?
Tbennett,
This is in BK court, a pinkie stock and in a scandal backed by Departments of the GOV. Saying this is a gamble is an understantment, but the reward of having the top notch attorney's, assets, monthly income, $$ currently in JPMs custody and a plan to come out of BK soon enough are great reason for me to risk it.
There's over 5 months of DD in posts dating back to Sept. 08 and the I-Box. You've got a lot of reading to do, but its good stuff. FYI, the Box has info that if they cancel the commons....they lose tax benefits of the NOL worth Billions.
Enjoy and BOLTU
Viv',
That is soooo true!! I've never been happier for the past 5 years after settling my credit cards and all financial debt. I pay strickly cash on everything in full or don't get it!!
It's unbelievable how all the past stress/pressures- just don't exist! The idea about an older car makes so much sence. Thanks
BTA on this stock
Can't believe they released this info when the market is not open the following day!!!!
Come tomorrow they are going to get bombarded and we'll know soon enough.
Regardless, I only invested $200 bucks for 200 shares at basically a dollar. If someone wants them, then I figure for the small investment- they are worth holding for 100+ or more!
JMHO
I only own Lehpq...took a gamble for the 1000 face only.
Yes, glad to see a board for lehpq. Thanks