Replies to post #12214 on Washington Mutual Preferred fka WAMPQ

[hfields]

It will be interesting to see where the mm's try to take this one. If the ruling is delayed or not favorable, mm's could take it lower. Where is a good question. They may not want to take it down too cheap for fear of retail gobbling up too many while they are down there. But who the f knows. I wouldn't put it past them to shake it down there in the $10 to $12 range. That would probably shake some of the holders like Jerle, who's in real cheap and scared to lose any more profits, and shake some who got in too high - peeps who are too leveraged in a high enough position. If there are any gaps to be filled that's where they would fill it. And it might be a quick trip. So anyone looking for cheapies down there might want to have a gtc order ready and waiting if that were to happen.