Lehman Preferred Series "J" Preferred (fka LEHJQ)

[chaylea]

Holding 100k shares, what is a comfortable GTC price(not wanting to sell)? Watched WAMU all year and rolled profit out of WAMKQ to J-series. WAMU was my first play in stocks and managed to accumulate enough "freebies" to pay for LEHJQ and not sure how to protect ourselves from MM's here. Would anyone be happy if this ran to .40 cents like it did during the last omnibus? Is that even a fair GTC price, or would we be cheap selling? Please advise, TIA, Curtis.