DO not sell. This will def. go beyond .33 PPS tomorrow and the weeks to come. If you do want to sell i would hold until you made a decent profit and then buy back in at a lower price. But for me im in it to win it. I believe this stock with pull out and go back onto another exchange come next year. Heck people are already saying it will be a dollar by the end of the year if not sooner. I know the bail is coming soon and lehman is way to big to go under and plus it has over 600Billion in assets tied up right now.
The dispositions of the various assets may have raised some capital to negotiate in bk court.
The bailout will aid in the mortgage instruments.
The ban on shorting finanacials always helps.
The volume of shorts needing to cover and move on to other deals.
The threat of an extended 3 month shorting ban like European markets have.
The confidence that a firm with such a long history can wiggle enough to save itself is evident in the markets.
The thought that the Government may still come to the aid of Lehman in allowing special access to new opportunities. Remember this firm is an institutional worker.
Last week I bought some near the high and then it retraced to 0.13x on Tue. As I firmly believe it will go up and up, so I just hold the shares. Today it proved my decision was correct. Don't worry, I believe it will go beyond $1 and added more today too.
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