Always a strong Rotation out of Commons every time there's a little rally. Definitely makes you go hmmmmmm.
Regarding Profitter -- that seems to be the case. Just last week he said he was entirely out of Commons, which was a big surprise considering he's one of the original AJ's and is ALWAYS pumping Commons and knocking JPs. It seems he has officially defected.
Let's see if the other AJs follow suit now that they realize the Preferreds are the better buy.