Replies to post #10839 on Lehman Preferred Series "J" Preferred (f

[$b_rich$]

imo...commons won't pull through. We could be the new commons before it's over. Which wouldn't be a bad thing in the New Company..Just my feeling and speculation it:)

[LEH FAN]

how can the commons be treated the same way as the prefereds? I read many of the press releases last night and this morning which clearly explained that the only form of asset that will be wiped out are the commons which the last time I checked is the only form of Lehman stock up today (LEHMQ).

Isn't it correct that firms like Deutsche Bank were buying up the LEHJQ's?

[surfstocks]

I think the liquidity in the commons is exactly why they are up now and I believe that a lot of investors in the preferreds are selling on the news because there's a lot of bankruptcy legal jargon in the reorg plan and it needs time to be digested....it's panic selling. Daytraders that are playing the Lehs and can understand the plan are holding up the commons imo.