Replies to post #8239 on Lehman Preferred Series "J" Preferred (f

[Mr. Ask]

exactly if there wasn't some sells as opposed to overwhelming buying pressure in between then mm's would not fill the gap imo.

also someone has to be on the wrong side of the trade when they sell at these levels.

there is huge money still involved here we are not talking some paltry 6 -7 billion like wamu we are in the multi 100 billion range after lehman sold off a bunch of assets. that is big money and speculation alone with that type of money pps should be higher imo. the only difference here is we are starting to get solid evidence of billions of claims being outted and a HUGE nol among other things.

needless to say i've been here long enough to know yesterday's trading was extremely bullish along with a nice day here again too. excited about what's to come for sure!