Replies to post #32552 on Washington Mutual Preferred fka WAMPQ

[MasterBlastr]

Or have it in an IRA where the point is moot.

[vics picks]

If a offer of 50% is on the table, I think it would be very hard to get $450 a share. In this case nothing is at it seems and I think $350 may be the price offered.Too many people have been burned here, and I think even some of the big boys as the two times this hit over $100 a share it was not small investers buying at that price.

[Zilla]

Or wait even longer and get 100% FV after they get most out. :-D

PS I thought you we're supposed to say 'bad' things...Like we'll owe WG&M money for dragging this on for so long. (LOL)

EDIT: As far as taxes. I'll pay them in April. I want my money in my account to make more or lower my gains with some losses. =P

[omwamu]

Chiron-
Got your message. I sometimes have those same results. Worthless... absolutely, worthless!{{;~)

[HROLLER]

I don't think anyone should pay attention to your "advice" right now. For anyone on this board, talk to a tax specialist if you have concerns with that.

[dragoon76]

IMO, it depends on the ongoing scenario. I would definitely sell shares and get some money and then ride free shares. I say this because if FULL PAYOUT is possible and is on the horizon you gotta take chances with some leftover shares, y' know.

[castboy]

I hope you bought some back.