Washington Mutual Preferred fka WAMPQ

[steved_45]

This reminds of the time period that we had to wait up until this thing popped to 20 and held, back in late April of '09. If you look at the trends since we got in, it has been a very slow process w/the exception of the trading the took place from Dec until March (especially in Dec).

Volume is what really moved this thing and right now there is none. I saw the Accum/Dist charts that people posted. I would love to see those on an 18mo basis to see if there's any correlation b/t an increase in the accumulation, volume, and those pops we've seen in the pps. Interesting to note that the last big weeks of volume we had before the sell off was about a month (in late March 2009) before the P's went from 7 to 27 in April 2009.