Heads up on LEH!

Quote from number22:

I think LEH will belly up pretty soon; let say within 6 months.

Congrats for me; felt terrible for its employee; if they have read this forum;
 
Lehman is moving up. I've heard some whispers that they're going to reject the current bids and take advantage of offloading the toxic crap from their balance sheet to Uncle Sam, inc.

Shortest chapter 11 in history...
 
I'm watching too.

I never thought I'd say I owns 1000 shares of LEH and am looking to make money if it hits prices equal to that of 2-3 shares per can of Coke. :D
 
You think this will become a real stock again in the next month? I am too scared to touch this but some people think it will be worth $5 by the end of the month.
 
I ended up closing out my position for a 90% profit.

The problem I realized is that Lehman is now under the control of the Bankruptcy court. Regardless of what people may want to do, there is a judge involved that is selling assets to pay back the debtors.
 
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