The Bid/ask spread is obscene for most preferreds. Looks like MMs want to buy cheap and don't want to sell? Means they have wind of the news and are gaming the system!
Most of us here bought after c-ship. I guess you bought in before, hence the $4 avg price. What were you thinking when it was in the .3-.4 range? If you think it'll be zero, then you should have sold. If you think it'll go up, then, you have bought to lower your avg price at that point. You are buying when alot of people think about taking profits.
>Good luck shaking us old timers out. We have balls of steel.
No kidding. I quadrupled my holdings today, which brings my cost per share down to about $4. I kept thinking about it at 50c, then 80c, then $1.30, etc. As usual, I probably bought up near the top because I didn't want to be too quick to make a decision.
End of week short sells...Dont forget this is a gambling stock to many...The real fundamentales dont matter until next week or longer...Keep your shares close,mortage debt is really improving to the upside as lucrative investment,you just have to bear the swings in speculative price movements...GLTA
the volume is piddly in my neck of the woods, so I'm calling shenanigans on the MM.
question: Why, when looking at level IIs can you see essentially the same entity on both sides of the trade? different clients wanting different things, or what?