Replies to post #11783 on Washington Mutual Preferred fka WAMPQ

[Chiron]

Of course it's not all peaches and cream. It's still a very risky play. Right now the market sees 2.4% chance for full face value recovery. This is up from a .4% chance.

To me - thats 97.6% more room to go up, lol. And only 2.4% to go down. What happens if the market sees a 10%, 20% chance? Thats $100, $200. Not a huge stretch to go from 2.4% to 10% or a little higher on the right news.

It's risk vs. reward.