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Strategies & Market Trends : 50% Gains Investing

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To: Crossy who wrote (93453)	8/25/2010 6:00:04 PM
From: MCsweet	Read Replies (1) of 118717

Crossy, I bought big bank preferreds earlier (Bank of America, Citigroup, and a little Morgan Stanley), with similar thinking to you regarding the impact of the Collins Amendment. It seems like much of the easy money has been made, as the preferreds I bought have already gone 1/2 towards par (I have 6% to 18% gains plus coupons on preferred bought earlier in the year), and I am not sure when or if they might be redeemed. However, I am content to hold them for the time being as they yield around 7%+, and there is always the chance for a positive event. If you are ever interested in individual preferreds, you might also look at the board Subject 57588 Best, MC

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