Doug,
I'm a recent subscriber who picked a 8.625% CDx3 preferred stock on March 30, 2009 based on your April, 2009 research notes. I now have a nice 30% plus gain on my initial purchase and I am very happy. When I estimated the bonus quarters I used 3 since rates were stable and there were only two other higher preferred stocks available out of 30 preferred stocks on the list. However, this month I noticed that in your seller's calendar you have it rated for only 2 bonus quarters and a sell price of $26.08 on June, 9th. Although close, it never traded above $25.85 on June, 9th (yesterday). Am I being too picky about demanding the 2 bonus quarters (17 more cents)? And where did I go wrong thinking it was worth 3 bonus quarters? Your thoughts would be appreciated.
