As former member of the Irregulars, based on a recommendation in one of your articles last year, I have made a mistake in investing a significant amount in MCP.PR.A (NYSE)in my RRSP portfolio in January 2012. The preferred shares lost about 60% of their value and seem to be in further decline until the mandatory conversion to common stocks in March 2014. My dilemma is to sell them right away, or wait for some possible rebound to minimize my loss. I would appreciate your opinion on this matter.
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