Washington Mutual Preferred fka WAMPQ

[Billiam_2]

Since 10/1 approximately 2.5M shares have been traded. About 70% of those were buys. We are just plain running out of shares. Remember there are only 3M and we don't know if they are all available. This will continue to climb as shares get scare. I think JPM has some programed buying going on. All of those 1000 share buys and splits with 500 & 500. ALL DAY LONG, DAY AFTER DAY. The problem with this stock is having the guts to stick it out. If you bought in under $2/s it is tempting to sell. BUT, overnight a buyout could come for what it was trading for in sept. $ 600/s and you would kick yourself for the rest of your life.