Lehman Preferred Series "J" Preferred (fka LEHJQ)

[surfstocks]

I think the liquidity in the commons is exactly why they are up now and I believe that a lot of investors in the preferreds are selling on the news because there's a lot of bankruptcy legal jargon in the reorg plan and it needs time to be digested....it's panic selling. Daytraders that are playing the Lehs and can understand the plan are holding up the commons imo.