I think a lot of the Lehman commons are boucing because of some short covering. Any time there is news about Lehman exiting BK they move.. The Trust prefferreds which are actually much higher in seniority have gotten killed based on the recent statements from the BK attorneys.
LHHMQ,LEHKQ,LEHLQ,LEHNQ
I did real well with them from .001-.02 to .33-.80.
May be another play in them because the BK plan has yet to be approved and so may be some more twists and turns.
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