Heads up on LEH!

This may be a good place to post this.

Hope and promise

http://www.liveleak.com/view?i=adb_1221494431

 

I gotta tell you. In our hayday, Wall St. was the funniest place in the world. The stuff that went on. That is pure Broker humor.

 

Congrats for me; felt terrible for its employee; if they have read this forum;

 

too funny

 

That was Sal Governale (aka Sal the stockbroker) and Richard Christie from the Howard Stern show.

 

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.

 

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.

 

So, a deal is done with Barclay's.

What are the thoughts???