Replies to post #7964 on Lehman Preferred Series "J" Preferred (f

[xZx]

i think there has always been a significant wall street component to these lehman pinks. hedge fund money, etc. larger speculators. and when you consider how claims are being bought, debt traded, there's a lot of interest in the whole lehman story.

did you see the large block trades below the best bid? they were happening throughout the session. perhaps these are AON orders, or short covering. either way, i see it as extremely bullish.

this activity among the big fish should only intensify as more news comes to the surface. 66M shares can be locked up pretty quickly! jmho.