Thanks, I will keep an eye out for it.
I've been slammed at work the past month or two, so I haven't been doing much trading.
The only thing I picked up recently was WFC-V.
But I only ended up with 2000 shares.
I was to greedy on my limit orders and they never hit.
I'm kicking myself today over that since it got a nice pop today.
That sucks. Read about the Scotttrade and Ameritrade folks who couldn't access their accounts yesterday because high volume was over-whelming their systems.
I added a little bit of BAC-Y to one of my 401K's yesterday for long term holding.
Guess I should have done a little bit more shopping.
I was timid since I had no idea when the rebound would happen.
This is what I was afraid of.
If the market rolls over prefies would not be immune for long.
Interactive Broker has an emergency message today. I've not seen one since I switched to IB.
They closed margin trading for today. i.e. I think you can't increase your margin today if you use IB.
Even the brokerage is freaking out.
I don't get the divergence between the Cumulative prefies and the non cumulative with this Southern California Edison
I'm going to try and grab a little bit.
Mostly the general state of the market has me a bit wary of doing anything big right now.
The rate move will be interesting.
In 2013 when the 10 year took off, preferred got hammered.
But this time when the 10 year started ramping in the May/June time frame, nothing really happened to preferred.
I'm still trying to wrap my head around why that is.
I wonder if the big boys just don't epxect the long term rates to go up much when the fed raises short term rates a bit.
I sold my JMPRP for a tiny profit and used that to get Schwab.
Got into Scwab at two buys under E*trade.
Average 25.18 (one at 25.16 one at 25.20).
Scwab is main stream now SCHW.PR.C
My regular holdings of JPM.PR.F are getting dragged down I think by that new offering (JMPRP).
I might go bonkers on SCHW.PR.C now that it's out of the grey market and I can buy huge quantities in my IB account.
Stupid IB doesn't allow grey market trading.
Still a 50c divergence between the B and C shares.
Thanks.. I'm all good on the ticker. I was looking at CSABP this morning on E*trade.
I'm trying to unload the JP Morgan shares now to free up a little more cash in my E*trade for CSABP.
Whats up with the schw-b costong more than new jp morgan?
For simplicity sake we might as well say they have the same yield, but shcwab is trading over strike.
I bought JMPRP @ 24.80.
I guess Schwab is out for me at the moment.
Seems like the price is to high right now @ 25.16
Will take a look at IBERIABANK Corp.
I know nothing about that company.
So need to do some research. : )
yup, I filled.
I hope we get some up days on the market before 7/30.
This one has me a little nervous since we are getting a lot of down market days right now.
NYMTP is getting hammered against right now -- NYMTP 22.18 -0.59 (-2.57%)
I forgot about NYMTO.
Looks like 'P' is going to trend down closer to 'O'.
Lets see if this will post.
I tried posting yestrerday when NYMTP got floored, but my post didn't show up.
JPM-F might be a good play before EX on 7/30.
I sold half of the allotmant I wanted to sell before the EX yesterday for 25.49.
I'm trying to buy 3000 right now at 25.24, but only have 500 shares filled so far.
It might be hitting the floor before the EX date.
Oops, you are on the title Reik. So guessing it was you. : )
Forgot which one of you made the call on Barclays preferred.
These are nice flips for 7-10 day hold time.