Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

It has been a long 8-9 weeks of consolidation from the highs...It appears to be concluding...IMO.

Support appears to be at the break out point of $.07-$0.08 where about 20% of the outstanding shares purchased in August-Sept. bought in. I think those buyers are in to stay for the numbers and legal proceedings.

Accum/Dist. on a 2 year chart looks like it is ready to move above the Sept. highs long before the price does. I believe that is quite BULLISH. Please confirm my thinking.

When volume comes, I think price will move to the mid $.20's before meeting much resistance. Remember 8 weeks ago when that seemed like a lot?

Keep the Faith...

Coach T