Replies to post #107884 on Lehman Brothers Financial SA (LEHNQ)

[sidedraft]

So, if your broker is only accepting sells, who might be the buyer?

Have you tried raising your offer, to see what the buyer considers a good price?

[goodietime]

I believe that has been in effect in the US for a while now.
I believe Canadians, and other Countries allow them to be purchased.

[JERSEYHAWG]

Thank you bdork.

I hope it does end soon. Interesting.

[boarddork]

Price didnt matter for NQ and KQ. "This security is accepting closing transactions only". The only transaction this security class is allowing is either for people selling out their positions for good or buying back a short position. No other option. Not available for me to Open another position in these securities. This tells me Class 10 is getting ready to be paid based on the recent court transcripts of substantial funds available

NASDAQ def: "Closing transaction
Applies to derivative products. Buy or sell transaction that eliminates an existing position (selling a long option or buying back a short option). Antithesis of opening transaction."