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Microcap & Penny Stocks : Trading post-bankruptcy bounces -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (53)6/2/2009 4:04:30 PM
From: RockyBalboa  Read Replies (1) | Respond to of 93
 
I found a cheap surrogate for the 8.10% GM bonds; the Lehman ABS CCYPQ. Its sole holding is GM bonds which trade at around 12%. The paper recently changed hands at 1.15, representing just 4.60% of the bonds principal. This is a nice discount; and can be used as a hedge to short bonds in kind.