Anyone Planning On Buying Under-Priced Stocks Today?

[abostonboy]

That's true with any stock. Naturally if you like to play it safe, it's not a good time to get in.

Like I said initially, "if it's worth losing...". $500 of spare money wouldn't have been a big loss and since I was reasonably confident that they would eventually go up, it was within my personal risk limits. It isn't for everyone, but I've done alright.

I agree. I bought quite a few stocks this week, but I have a high tolerance for risk.

[Lee]

That is true. However, from an investor standpoint what really matters is the share price and how much money goes to the common shareholder after all other liabilities are paid off. There is no indication that common shareholders in Lehman will get anything whatsoever. Many companies have come out of Chapter 11 and have had their common shares worth zero.

Right but if people are going to be buying these shares as speculators, it doesnt matter if any of the common shareholders get anything, by that time, i will have already sold the shares i do own for a profit to someone else

Regards,

Lee

[abostonboy]

That could be true. As I said, I feel Lehman's will peak at 50 cents a share.

[Lee]

LEH is going through a nice rally right now, its up 79% in the past couple of hours of trading.

I think it might be time to average out my shares

Regards,

Lee

[abostonboy]

If you paid less than 26 cents. Sure.

[Lee]

If you paid less than 26 cents. Sure.

Got in for 14 cents

Regards,

Lee

[Lee]

Averaged down just in time LOL

Looks like LEH is starting to fall again, now have half the stock i initially had and made a tidy profit in the process of liquidating

Lets see where these free shares go price wise now.

Regards,

Lee

[Lee]

So AIG is now up to around $40 a share

Just a shame we cant touch our portfolio for another 3-6 months LOL

Regards,

Lee