Whats up Blaster? Haven't logged in the last couple days. But yea Preferred are tradable, shortable, no different then anyother listed stock. I will say this, there are different kinds of preferred. They are non-cumulative, which means when the dividend is suspended, and is re-instated whenever that might happen, that they are not entitled to any back dividend payments missed. Non-cumulative is usually the worse kind of preferred to own, of any preferred share. The way there preferred is setup, it is no different then a bond. It will always follow in opposite direction of what the Greece bond yields are doing. Yields go up, preferred will go down. If yields go down, the pps will rise. But for sure it is tradeable and shortable. Cause Im currently getting my ass kicked from shorting. Although Im in seeing sight of being even. Took everything in me not to cover three days ago. Almost wiped my whole account out.
