Replies to post #11366 on Washington Mutual Preferred fka WAMPQ

[Chiron]

100% agree. The powers that be have given this roughly a 2.5% chance of recovery. This is up from a .4% chance, lol. What happens when more information starts coming out and the market sees 20%, 30% recovery chance?

Like the Black Eyed Peas say: BOOM BOOM POW.

[traderdon]

Maybe $25 PPS could be a condition for a buyout / settlement? Sure looks that way ...