Lehman Brothers Holdings Inc. (fka LEHCQ)

[waman1]

These as well as the PQs were institutional issues, used as CDs for deposits. They both were never meant to hit the market to the public. But panicked holders dumped them onto the markets. I feel sorry for the guy who set his stop loss on these guys. You can buy non-distressed company preferreds but they are close to their face price. Only here can we cash in on some computors sell glitch. The BK triggered an opertunity for the little guy to finally score. My concern is that what happens when LEH AND WAMU are finished, out of BK, things back to normal? Whats beyond the THUNDERDOME?