Buy a couple grand of Lehman and hold for two years?

I'm seriously thinking about it.

$2k isn't much money, and you get 200 shares.

I can wait two years, as this isn't my main source of income.
Even if it goes to $5 or 3 in the meantime, I wont be worried at all.

 

2 years???? You'll be lucky to still be solvent after 2 weeks.

 

Senior Trader, SVP Posted 9/2/2008
New York, NY


Lehman Brothers, a global investment bank, seeks Senior Trader, Senior Vice President, Global Foreign Exchange, in New York, NY to manage the firm’s Global Foreign Exchange trading book, utilizing economic theory and methodology.

Requirements:

Bachelor’s degree in Business Administration, Finance, Economics or equivalent, and at least five years of experience executing foreign currency trade transactions through broker and inter-bank markets using Reuters and Bloomberg.

Prior experience must include providing market updates and trade recommendations to hedge fund clients.

Please do not apply online.
Qualified appliants please submit resumes by fax to: Christina Oh at (646) 834-2707.
Please indicate job code FID00265LE.

 

Insolvent?

$2k is only a fraction of my account.

 

I'd rather buy 100 shares of a nat-gas driller like PTEN and get paid a 2.8% dividend.

 

I meant the position, not you personally.

 

do you actually believe the company will bounce back or are you wanting to buy because prices are "cheap"?

If the latter, read (or re-read) ROASO

 

Yeah But That fraction is 3/4....

 

Has management bought? Think about it.

 

why not use your money elswhere for 1 3/4 years then buy leh if its going up