I am glad that the Market Maker(s) are playing games with the "P" shares.
I have been bidding ABOVE the ask, and only getting 15 shares here, 70 shares there, and then my order fills in full after several minutes of this BS. All the while, the MM are showing that there's a 5,000 share over-hang of shares waiting to be dumped at the Asking price. RIIIGHT!
I'll gladly pay "above-market" prices to get into the P shares at anything close to 3 cents on the dollar. Especially after seeing the billing items showing that the Examiner and his team are leaving no stone unturned), and most ironically, with the pricing games that the MM are playing.
You want to pretend that there's a big share over-hang getting ready to be DUMPED onto the market?
Cool! I'll be using that as my opportunity to add more P's whenever/where ever I can. The lower the (artificially set) price, the better. No complaints from me.
In the short-run, the MM can fool most people; in the longer-run, especially after the examiner exposes the FRAUD, the BREACHES OF FIDUCIARY DUTIES, the CRIMINAL ACTS being committed by Rosen, Weil, JPMC/Dimon, let's see how long the price of $1,000.00 Preferred stays at 3 cents on the dollar.
If they're stupid enough to keep this artificially depressed, then I will be buying (naturally).
AI
