Replies to post #1811 on Lehman Brothers Holdings Inc. (fka LEHMQ)

[Anonymous Nobody]

Whether it goes to .0001 or to 50c means nothing, what will be important is payout in the bk court. I've bought them at .01 and some others at .20. If the bankruptcy proceeds, then it could be a year or longer, but a 20% payout is a $5 check.

[Anonymous Nobody]

Understand why someone would sell LHMMQ at .01. They bought them at $25. It's in bankruptcy. If they hold, they can't claim a loss until the end of bankruptcy, 2009-2010 tax year. Selling now secures a write off for the loss. If you paid $25, what's the difference between .05 and .01 or even $1. I actually got me a few at .01.

I hope there are more opportunities like that and I have GTCs in at the low levels with several brokers. For instance, the .01 were via ETrade, but I had a GTC with Hudson and Knight at .03 and it didn't execute.

That's the game of the greys.