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?
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.