tag:blogger.com,1999:blog-1258979445050968882.post1299433426326042458..comments2023-11-26T06:55:42.401-05:00Comments on [ The Financial Ninja ]: Financial Play: Long Preferreds, Short Common?Ben Bittrolffhttp://www.blogger.com/profile/12465978905157927856noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1258979445050968882.post-8022487937596246272009-01-15T07:54:00.000-05:002009-01-15T07:54:00.000-05:00Based on a price diff. chart, i'd be more inclined...Based on a price diff. chart, i'd be more inclined to short the spread here than go long it. But i'm a mean reversionary trader.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-65215691006150229622009-01-14T19:33:00.000-05:002009-01-14T19:33:00.000-05:00no, it is the best timing as the dvd cuts will occ...no, it is the best timing as the dvd cuts will occur at the common level. The govt doesn't want to F themselves in the A since they hold prefs and they don't want all the other dumb banks that hold each others prefs to be F'd in the A by cutting pref dividends. The yield on PGF is looking good after today's rout.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-13324169756283374912009-01-14T18:29:00.000-05:002009-01-14T18:29:00.000-05:00So, you have to pay the yield on XLF to get the yi...So, you have to pay the yield on XLF to get the yield on PGF.<BR/><BR/>Yesterday Obama said institutions getting financial aid will have to limit / cut dividend payments, so this may not be the best timing.Anonymousnoreply@blogger.com