Washington Mutual Preferred fka WAMPQ

[ptolomeo]

I have the feeling that today we are going to witness a huge drop in the PPS during the debtor/JPM/FDIC closing arguments.

JPM and FDIC didn't intervene in the IT Hearings so they will probably throw some nasty balls in their speech (specially JPM).

The higher the PPS is, the bigger the drop will be, so I guess this PPS spike benefits the MMS to do their show.

BTW, I expect to buy some cheapies during the JPM closing arguments...