Replies to post #4238 on Lehman Bros 7.25% Pref'd Series P (fka LEHPQ)

[FadeMeToWin]

my best luck has occurred when I have seen some volume. You have to keep an eye on this one because it will go for days/weeks with little or no volume and then one day out of the blue there will be some activity.

[joyceschoice]

Radium - I've basically accumulated by buying 1/4 to 1/3 of my shares at the lowest ask I can find in the CT's or preferreds while keeping lower GTC bids in. Occasionally then they will partially fill my lower bid.

[stripus]

You will have to call your broker to find out what the real bid/ask is. They rarely post the correct numbers which, IMO is one way to keep these from trading. The MM's can post what ever numbers they want real or otherwise.

[DJN]

Nice grab @ .50 GLTY