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Strategies & Market Trends : Value Investing
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To: Jurgis Bekepuris who wrote (38406)7/1/2010 3:54:02 PM
From: E_K_S  Read Replies (1) of 78744
 
RE: FR Preferred

Lots of volume on both the K's and J's. This is where I previously picked up my lot in October 2009. It's a 50% retracement from the high to low.

My only concern is all my other preferreds are holding up quite well. So this is specific to FR and the Fitch downgrade. It looks as though some large holder decided to get out of their preferred J's with 4x the volume of the K's.

There could be a pretty good trade setting up here.

EKS
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