Washington Mutual Preferred fka WAMPQ

[daimyo]

If the MMs are the ones holding it down then at least one person here owes them a bottle and a thank you card. I figure it's more a mix of profit taking, lack of knowledge about the preferred shares on the part of newsletter-types flocking to the Qs -- and most importantly a noticeable shift of funds into WAMUQ from long term holders shifting their WAMU profile up a bit in order to surf the hype in commons for a quick pre-settlement return, hoping perhaps to convert back to Ps in time or at worst ride it out in the Qs.

Either way it's a blessing. I'd tip well if they could get it back to the low teens... ...please?