MPGpA flying

People are figuring out that the MPG news was good not bad, giving back a bunch of bad properties and keeping the good ones - who wouldn't want to do that? The preferred is up .78 cents to 3.5 this is my largest long so Im pretty happy about this action. I would not be surprised to see the common fly as well as it has a 10% short position and the CEO just said "we are not considering bankruptcy".
SPUZ down 1.5 - yawn

JB