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Re: Joe Stocks post# 1873

Sunday, 09/21/2008 1:51:30 PM

Sunday, September 21, 2008 1:51:30 PM

Post# of 10370
Joe and others, thnx for your insight on the preferreds.

One way of looking at it is what has a better chance to double from here on a swing trade? LEHMQ from 20 cents or one of these preferreds from 10 -15 cents?

Under these weird circumstances, wouldn't the deciding factor be the Short Interest?

http://www.shortsqueeze.com/?symbol=leh

If these figures are accurate, the SEC is telling us that 11.40% of the float - 76,855,700 shares - MUST be covered in 1.4 days from Friday.

Then again, the bets against the Preferreds must be covered. LEHLQ (drop the Q in the symbol box): Consider the 59,900 shares short with the low avg vol of 50,700.

New territory.

Thoughts?

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