HOV and HOVNP has become my best position the preferred has reversed and instead of trading at a discount to the common now trades at a premium - excellent. Im taking some profits but still hold this as one of my largest positions.
Now if we could get MPGpA (preferred A) to go Id be sitting pretty. This is a REIT preferred trading at 90% discount to par - the REITS have been en fuego - if there really is a real estate recovery (which I highly doubt) than a preferred of a company that owns the best commercial office space in LA and Orange County should be trading WAY higher.
Anyways tomorrow is the all important non farm payroll number (anybody seen Beeks?) wil the bulls press em higher or will the horror of the employment situation let the Bears have a well deserved victory?? We shall see
JB
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