Replies to post #6539 on Lehman Preferred Series "J" Preferred (f

[westeffer]

We have massive homeowner Option Arm defaults on the way as well as Commercial Real Estate in trouble.

This has to severly affect major recovery in Lehman discounted (mark to market)commercial real estate assets IMHO.

These early indicators temper my enthusiasim, but I am still here with a good sized position, but mainly in LEHKQ C/T and LEHJQ shares (no common shares).

We will win big if a majority of liabilities are related to undocumented/over embellished CDS/CDO liabilities.

I am overall, very optomistic about profit potential here given what we know.

[$b_rich$]

Facebook is an excellent idea folks! The word is getting out loud and clear:)

This could help keep the flipping a little more under control in this range..I personally think it's getting a little on the dangerous side to be flipping here unless you keep a large portion under your hat, imho!