Washington Mutual Preferred fka WAMPQ

[Yanik]

just picked up some more p's n k's. I would like someones opinion on a proper hedge.

So lets say you got like 5,000 k's

about 100-200'ps

and about 150,000 commons.


If the prefs see like a 20% payout I might not make back my initial investment but id be close to breaking even.

opinion?

should i shift a bit more fresh powder into some p's or increase the commons.