Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

i initially was quite hopeful, based on lampert's equity position in the company, the common shares would survive.

when it became obvious to me that would not happen, i got out of my position. i just think this is way too risky to "play" for daily moves. there will come that day when there are no more deck chairs and those who have one will be sorry they didn't take a lifeboat when the chance was there.

they will then be the ones screaming to bring suit against lampert claiming as a defense that eddie said this was going to be the best outcome for all stakeholders. they will sound as pathetic as the unsecured creditors who might be lucky to get two to four cents on the dollar realizing they will be getting nothing.