Welcome back, mrwizard. I did follow up on your recommendation and bought a small amount of JPM-PO in July 2011. I put it on picket duty, suspecting that it would be the first of my preferreds to be called. JPM did a partial call in April 2012. They took 325 of my 400 shares and I exited the position by selling the remaining 75 shares, ex-dividend, at a small premium to par, that same month. All in all, it was a good learning experience, and I made a little money too. Thanks.
never really gone. just had little to contribute(on this forum).
Basell 3 will have a lot of the other TRUPS redeemed, but the pricing no longer has seriously ridiculous default risk priced in. glad you made some pazoozas. for myself, i held until they pretty much made par across the board and then went into BRK.B for a while.