Replies to post #571 on Lehman Brothers Preferred Series G (fka LEHGQ)

[cyb]

LEHNQ is CT

LEHMQ is common

[stripus]

Yes, I know that, I simply made a typo.
JP Morgan bought common shares, LEHMQ and not LEHGQ. That is my point, thank you for clearing this up.

Mic

[FORDGT]

Looks like your Wrong again.. Before you give us the 3rd degree GO FIND OUT WHICH STOCK THE COMMON IS.. lol SOME THINK EVEN THE COMMONS WILL END UP AT 2 BUCKS... PLEASE READ THIS AND AGAIN BEST OF LUCK.
http://twitter.com/optionmonster/statuses/3715786771

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41119754

$2 per share.

Quote:In an interview with TheStreet.com, Najarian argued that if the bankruptcy judge decided to keep Lehman running to allow it to have a better chance of making paying off creditors, he might pay just 80 cents on the dollar to creditors. From the $6 billion Lehman has collected so far, that would leave it with a market cap of $1.2 billion, or about $2 per share, Najarian reasons.

But who is to say the judge would do such a thing? Just because Najarian is trading in this stuff doesn't mean most individual investors should be. He has access to sophisticated trading technology and a wide range of sources of information not accessible to most of us. He will jump in and out of a stock for reasons retail investors may not hear about for weeks.

"This is a 15-cent stock, so this is not for me to dangle something out there for people to go rush in and buy it," Najarian says.