I hope Barclays doesn't follow suit.
That is one of my last big bank prefy honey pots that came out of the sub-prime crises.
I've been milking it since 2009.
At the rate ARR is losing book value, it's going to be gone in 5-10 years.
Their book peaked in Dec 2012 @ 7.47.
Last quarter it was $4.71.
They have done such a abysmal job.
Good call on clny-a, cfc-a, and nw-c Reik.
I only picked up clny-a... happy so far.
It probably depends on whether things are played out yet.
If there is more market pain from Greece, the price will drop more on mtgep.
I hope it works for them.
They really need to get out from the Euro.
They can't compete against economies in the Euro like Germany and they can't do anything about the value of the currency.
clny-a is a stud.
Even in all this turmoil it's up again today.
I probably just jinxed it. We'll see if it closes up. : )
I'm looking at $25.92 right this second on the price.
My purchase price was $25.91.
Add in the 53c dividend.
Not a bad flip for the 8 or 9 days I've been holding.
Slow and steady wins the race.....
"Didn't do too horrible as far as what I bought today 18+k @ avg of 9.665 "
You should have went to vegas instead.
You would have had more fun losing $18,000
8.56 -0.94 (-9.89%)
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.
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.
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'.
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.
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.