Even if you had been a more shrewd investor , and purchased LEH last week at a much more reasonable $ 12.77 per share , you would still be down to $ 156 . Why do I show you this ? So you can see that just because a stock seems cheap , it is n't automatically a good deal . In the case of LEH , it 's a terrible deal at any price .
Question: What happened before this conversation ?
The answer to the above question:


I did not buy LEH stock