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Although I do not like to be day trader, I am still glad to see the market moved in the way I like.
National City bank preferred stock, NCC-PB went up 18%, it went up from yesterday's low, $6 to today $9.15, more than 50% up.
Key bank preferred stock, Key-PF went up 12.86%, it went up from yesterday's low $8 to today $13.6, up 70%.
What would happen in the future? I do not know.
In my personal opinion, NCC-PB below $8 is a buy and KEY-PF below $10 is a buy. In both these cases the dividend yield is more than 20%.
For specific risk management, please do not put too much money in one investment vehicle.
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