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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (38736)	8/11/2010 9:43:13 AM
From: Grommit	Read Replies (3) of 78751

CLP-D strangest thing. the pref stock is delisted and is not trading any more. when these have been called before, I thought that they still traded (at close to par value) and then a few days before maturity, they delisted. but for this one, we have to wait until sept 10 to get our money. what if someone really needed the money? anyway, I cannot reinvest until sept. 10. so I want the stock market to drop 40% between now and sept 10, because CLP-D was 12% of my portfolio. (bought at average of $12.70 in 2008 and early 2009) anyone know -- is this delisting ASAP an unusual case?

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