Well it isn’t a panic, but folks sure want out of equities–whether common or preferred shares.
My accounts have taken a licking – at the low for the year.
As I suspected I would I did get in a nibble on the Liberty Broadband 7% preferred (LBRDP) (mandatory call in 2039) when it tumbled down to $23.75 earlier today (now back to $24.02).
Well the last hour should be interesting today–maybe there will be an all out panic–or maybe we are holding that for another day.
Buckle up your seatbelt for the ride–I know it is really tough to hold on, but there is a pot of gold at the end of the rainbow for the brave (not sure how brave I am, but we will find out).