Lehman Brothers Holdings Inc. (fka LEHMQ)

[QuinnTM]

Can you trade the Prefs the same as commons, on a daily basis? If you can buy prefs at a lower price with a higher gain, wouldn’t that be the better position to take?

The way I’m understanding it is, If you get caught holding the bag with a pref, there stands an outside chance that you may still gain somewhere down the line.