Washington Mutual Preferred fka WAMPQ

[marayatano]

However when there is a 20-25% difference from K's to P's it's fun to flip from K's to P's and keep the same face value.

Trade Ks to accumulate Ps. That is what lot of us have been doing when the Ks were trading at .07 and Ps were trading at $3.

We are just not vocal about it. At this point in time, I have stopped trading the Ks and Ps and only traded the commons.

When I traded Ps, it was VERY hard for me to get out of positions. I guess it depends on how large you position is.

A lot of us who have been here since day one made a killing on the Ks when johnny winter (yes, johnny winter) was pumping them all the way to .70 from .07. Those days are gone. Now, it is just a waiting game. How is the waiting going to be...? I don't know. I don't pay attention much anymore, just only on "important" days.

Anyhow, we have our own ways of trading.

BTW, nothing wrong with trading...

imo