i man i did the same, when i read gm workers were out side protesting at the auto trade show that was enough for me. i'm pretty heavy in etrade, nothing long term!!
Converting common stock into preffered is where its going to be at . With P stock trading in the $3.80-$4.20 range and you can get from $1.50-$1.80 per year back in dividends , its a no brainer .