Replies to post #8670 on Lehman Brothers Financial SA (LEHNQ)

[Mr. Ask]

Ouch that sucks. My portfolio is 650k *dgi and 16k lehnq and 5k preferreds to hedge myself lmao. I think this is maybe the best $25k i will ever spend. That sucks to be a pre bk buyer i cant imagine. I got into investing righ after the collapse and have been on a tear since although its been slow at times i never lose more than $500 in a trade and ive also made $10k on of my best days. In the end game there is much more to life than money but it doesnt hurt to have some lol

[daisyxu]

i bought and traded lehmq...

purchased between .04-.05 and sold at .09. rolled most of the gains into wamuq and locked them up for a possible payout tied to some newco with big nols but so far no news. not sure the outcome is going to be all that pleasant given the shady parties involved in the bk.

long story short... i escaped the jaws of one monster to only get chomped and munched by another. don't feel too bad... with some luck we'll all have our day in the sun!

[littledevils90210]

Commons: I think you are a few who bought commons. I hold like 3000 shares at .03 cents when I first followed some folks here and myself and this other guy thought Lehmq was LHHMQ. LOL...Then we corrected ourselves and loaded up on all 4 CTs.

Anyhow, I did some research into the NOLs. I think IMO, if you sit tight, you will see some money in the end or maybe diluted shares into ((((BARCLAYS or Goldman Sachs))) if they still hold alot of those MBS which will only improve in value over time. Not going to get into details why but a few here are playing GSE preferreds so we did enough DD over the years on MBS, Agency and derivative crap.....

JPM, Wells Fargo and and the other Healthier big banks will come into play if there are not lots of MBS. The banks are leaving the MBS market unless the Government approves them to do securization work when they restructure FnF.

Insurance companies are the last folks who can buy the NOLs. This can happen but less likely. Look for the ones with Banks attached to do it more favorably.

Anyways...I hold a few lehjq and about 3000 commons so, no worries man.....I think IMO IMHO and IMO that Equity has a SHOT of some money.....go figure...devil

[linda1]

If you have been buying only common shares since 2008, you should have done more research. Common Shares are the last to get paid in a bankruptcy and the statistics state that the majority of the time the Commons receive 0 recovery from a bankruptcy.


It may not happen in Lehman, but right now it doesn't look promising for even the CTS.


I certainly hope you haven't invested more than you can afford to lose.

[44centsAKAchoccake]

You'd be better off, imho, in talking to a certified financial planning, rather than trying to find useful advice on this board. The situation with the LEHMQ commons isn't too promising, but isn't hopeless. In the meanwhile, you might need some objective advice on how best to hunker down and get through a tough financial patch without too much sacrifice and despair.

[linda1]

I just recalled that there was a Class Action Lawsuit that has been settled and if you purchased Lehman Common Stock between June 12, 2007 and September 15, 2008 you are entitled to a part of
the Settlement. I don't know what your recovery will be but at least it will be something.


You should have received the forms from your Broker. You need to file a Proof of Claim Form by May 17, 2012. The form is in the first link in POST # 2950 - LEHKQ



" 3) purchased or acquired Lehman common stock, call options, and/or sold put options between June 12, 2007 and September 15, 2008 through and inclusive, and who were damaged thereby (the “D&O Class”) "