I don't see that happening. There is no benefit to anybody that sells it off low, and I feel that the MMs could name their price on this one. They are trying to control the price the best they can because they don't want the price to go up too fast too soon, and the large spikes show that. They only sell low to prompt sell-offs by everyone else so they can buy up more and sell it off at a higher price. I don't feel that this stock is being overbought, in fact, I don't think it is possible for this, or any other WA preferred stock to be overbought. All of the preferreds are more than undervalued AND there is a very limited amount of shares available. Preferreds get paid first, end of story. Makes sense to me, but maybe you know something I do not. Thanks for the analysis and GLTY!
: ^ )
