Replies to post #4583 on Lehman Preferred Series "J" Preferred (f

[xZx]

joyce -- you say these dates pass with little effect, but to me it's obvious the "effect" was intense manipulation of the stock price. here we are today trading down against the commons, which we all know should be worth far less than the preferreds, but given the wide spreads in LEHJQ, it's really neither here nor there. tomorrow Js may race ahead of the Ms by a mile.

in any case, fact is fact: preferreds ARE worth more than commons in a BK. period. so i see it as a huge neon "buy" signal. jmho.

[Ranb2khz]

"I've had three GTC orders for J's in at .09, and .10 for weeks with NO fills, not even partials with two brokerages.

Time to git er done!"

Sometimes in order to "git er done" you have to 'slap da ask'. I realize from a previous post that you don't like to buy at the ASK; however, I have had no problem buying the amount of shares that I want for the last 3 weeks, and in the greater scheme of things, what difference is a couple of pennies if it gets you a share with a future PPS of $1 plus? ~IMO