Washington Mutual Preferred fka WAMPQ

[Chiron]

Sold out the remainder of my PQs today. Once again, I have no stake in any of the Wamu classes. Made a nice 120% profit from $17 or so. Can't complain about that kind of return. Perhaps I'll be back in if I think confirmation is going well, but I forsee POR 6 approval. Looks like Willingham screwed up the deal here for preferreds, we probably would have gotten a nice chunk of change had POR 7 gone through. Not face, but certainly more than 3%, lol. Good luck.