Replies to post #29087 on Washington Mutual Preferred fka WAMPQ

[marayatano]

Wamu Preferred is 500 mil out of the money as stated by Examiner (BUT our DD says we are in the money based on current POR). Throw in competing POR, we are easily in the money.


LEH CT is toooo far out of the money (by billions, if not - or almost 100 bil and is subordinate) and future of LEH is too unknown as far as recovery and time. LEH CT = True Lotto play (think odds of winning the lotto), don't invest what you do not mind losing. Stay diversified, do not go all in as with any security.


imo