Lehman Bros 7.25% Pref'd Series P (fka LEHPQ)

[John Gyver]

Watch... this will drop until substantial news comes out. Yes it CAN move fast but it will be short lived. These are worth holding for the "end game".... which is an undetermined amount of time.

Remember the last time they ran up to $7???

Where did they drop to?

Unless news with real teeth comes out of the Lehman's case the shares will trade in the lower ranges.

My bet.... these will see the previous lows before it makes a run like WAMPQ did. IMHO.

Buy and hold.... don't buy and hype!

John Gyver