Quote:
Originally Posted by Finnster
I tried to.. set limit too low and missed it. :(
I have no idea how to value this stock, altho I am almost tempted to buy some for real with some throw away money ($1K) and see how it goes. If I could buy for .10 or .15, what's the most I could loose? Few hundred bucks seems like a good gamble if it does come close to $1
What do you think? Stupidity?
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Oh man...I should've doubled down when it was $0.03, but I thought it was going to make a move back then. In the game, I'm just taking advantage of the buying power I get when it moves up and it's been awesome lately.
If you go by the amount of cash and assets they have, this stock is a bargain. They have more cash then FNM, FRE and AIG which are all backed by the Government. It'll be a roller coaster ride, but I would love to see it at the same level or higher then FNM or FRE.
I think LEHM is a great value, but the traders will decide whether it has a real shot to over $1. If you do have the cash to go in, see if you can grab some at $0.15 or less and hold it for a while. Buy more if you can and if Lehman comes out of Bankruptcy you'll come out good too.