Replies to post #13888 on Lehman Preferred Series "J" Preferred (f

[stripus]

Absolutely, IMO this is an orchestrated MM sell off to bring the share prices down. I have been buying LEHLQ on the bid since last week. My bid has been higher than the .056 price, but they have been giving me them at that price anyway.
I think this is a good time to be buying more shares

[daktok]

I don't agree. Most people on this board are not selling. Why? There's no profit at this level and not much downside (although this can be argued). It's easier to sit, wait and ignore the pps at this low level. Also, you are assuming that most everyone can sell -- even at the bid. Do you know what happens when you try to sell at the bid with large volume? The MM(s) get skiddish and lower it. Don't believe me? Try it. You'll see.