Lehman Preferred Series "J" Preferred (fka LEHJQ)

[surfstocks]

I sold all my J's today, but am going to keep my CT's. I only had 100k but my average was a lot higher at .155, than a lot of people on this board. I didn't like how level 2 was setting up and think it might go closer to .01 soon. I had to go into preservation of capital mode. When this selling stops I may jump back in. It doesn't look good for the short term. Longer term we'll have to see. We'll still probably be trading volatile with ups and downs, so I do think they'll go higher than this in the future, but I was also getting a bad vibe about the EC as well. Gl everyone.