Replies to post #13886 on Lehman Preferred Series "J" Preferred (f

[uhlmant]

the court is not buying or selling...its the market

market and makers are valuing it as such based on lack of information not negative decisions by the court. there is a difference.


PS...you don't need to tell me how the shares are valued.

i know

[Uhhhhdel]

thats what the MM wants you to think so you panic sell IMO. Look at the tapes for the past few weeks as it has been dragged down. It has mostly been 50k to 100k volume per day with a couple exceptions (where they got sellers to freak out and sell cheaply). Most transactions have been from $10 to $100 in size. This isn't a selloff on a worthless stock, its a MM engineered selloff. All my own opinion but I don't think this is worthless. If it was, we would be seeing massive selling and that just isn't the case here.