If I remember correctly when wamu filed a lawsuit against JPM the preferreds ran hard. The Ps went as high as 40.00 per share. In addition, this is when the BIG FISH started to accumulate shares in hundreds of thousands in block size.
Due to all of the delays and BS it is now trading between 22-25.
This could be the news that we have all been waiting for. I am really pumped over this news.
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