Why are people trading lehman brothers holdings stock?
Does the fact they are in Bankruptsy mean the stock is worthless?
Tags: Brothers, holdings, lehman, people, Stock, Trading
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on Tuesday, July 6th, 2010 at 6:26 pm and is filed under Finance.
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July 6th, 2010 at 7:22 pm
it is junk bond status
July 6th, 2010 at 7:56 pm
idk man.. its soo frustrating
July 6th, 2010 at 8:13 pm
Wild speculation, a purchase of Leyman common stock today would be a bet that after the employees, bonds holders and prefered stock holders are paid off there will be something left for the holders of common stock from the proceeds of liquidation or continued operation. A long long long shot.
Perhaps is Barak Obama, Hilary Clinton, Christoper Dodd, Chuck Schumer and Barney Frank returned all the money they have taken in Lehman contributions there would be something left. for stockholders
July 6th, 2010 at 8:41 pm
It is the latest trend in economical savings. Their stock certificates are cheaper than wallpaper.
The truth is Lehman Brothers remaining carcass was sold to some Japanese holding company for 2 dollars. They will be delisted from the S&P on Monday.
July 6th, 2010 at 9:20 pm
It seems to me to be a shorters market. This happened when WorldComm when bankrupt too. It drops like 50% one day and up 100% the next. Its kinda like the casino, some win, most loose. Fun if you are willing to take that chance and have some spare money.
July 6th, 2010 at 9:30 pm
Haha man people on this board don’t know shit. We trade it basically to make a quick buck, it in one day gained 80 percent. It is not like we are buying it and holding on to it for the long run. All of the buying is purely speculation, and basically trying to get a lottery ticket. It is said to not be smart, but you be the judge not other people. It is a pink stock meaning it will be taken off but for now it IS a money maker if you play your cards right.
July 6th, 2010 at 10:01 pm
its been said that even a dead cat will bounce. The stock is worthless and will be canceled soon. But traders will bat it around for small gains. And the lower a stock is the easier it is to manipulate it. Conventional rules dont apply in the pinksheets. Its the wild frontier of the market.
July 6th, 2010 at 10:48 pm
Not worthless until the bankruptcy is complete. At that time the stock usually gets canceled. If it gets cancelled then it is worth zero. If Lehman emerges from bankruptcy then the stock will have some value if it is not canceled. People are trading the stock now for speculation reasons. For example, some people buy thousands of shares at 15 cents a share and sell it if it increases such as to 30 cents a share. Actually, if you look at the charts in the last two weeks you will see that the stock went down to 5 cents a share and as of last Friday it was trading at almost 30 cents a share.