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Interesting, isn't it? We shall see soon enough from the looks of things.
I say you need to find a different chart or learn to read it LOL.
Right - pretty confidant we get back over .20 again this week and it's going to be hard to keep the finger off the Sell button for most as we've been disappointed so many times before.
If you look at the 5 year chart of WAMPQ they were selling in late 2007 and till about spring 2008 for less than $5.00 a share!
The question is why would preferreds worth $1,000.00 sell for less than $5.00 a share??
And WAMKQ were selling in late 2007 and early 2008 for about $0.10 a share!!
ID
LOL. The Big Mother of All MM Shakeouts, eh. I guess you missed Thursday's shakeout. And the Nate Thoma News on Saturday. Shakeouts are over at the .10-.11 level. This thing is only going up. Ride the train or watch it fly by.
jhdf,
The company is not a bank stock.........this company had hard assets......as in rocks, gravel and contruction aggregates.....
No tax expert here, but I believe that an issue concerning TARP Recipients and NOLs and tax refunds prevents Tarp R from utilizing them.
Not to say jpig wont do it anyway for damage control measures.
Pure speculation at this point as most of the scenarios being presented, but I'd think Jpig wants WAMU forever gone. Easy to buy whats left but how can JD justify paying for assets he can't use or that produce no gains, only prevent potential future losses. Should WAMU " rise from the ashes" and become a bank holding company again could mean lots of trouble for jpig. JD or his successor would have to start all over again at engineering a WAMU implosion.
Watch for the BIG MOTHER OF ALL MM SHAKES.
GLTA
gfyBR
I have flipped a few P's but don't day trade them. It's easier with the U's and I don't always because it's best when the +/- trends are clear and obvious.
OMGThis is the best post of the past few weeks lol
Exactly, you're either in to the end at this stage or your not.
Selling in the next few days is IMHO simply pain crazy. I'm buying my last few on Monday and waiting for the rise leading up to Friday... After that is anyones guess...
Of course after I buy on Monday my luck and history here will more likely be the deals fallen through and we're on to por version 7.1 lol
Good luck to long believers...
Mmmm... Walmart are a very profitable company and mmmm What about a bank in every Walmart store offering inexpensive banking for the masses???
Ooooo, I'd love to see Jamie compete with that...
Convenience and no additional rental or major overhead since stores are already built etc...
AND it begins with a WA so they can use two of the WAMU letters to save even more money!!!
A match made in BK exit....
Gooooooooooooooooo WAMUART and pick up some milk while you cash your check....
Yeeeeeeeeeeeeeeeeee haaaaaaaaaaaaaa
Interesting read about hedge funds from the BBC. Obviously, they have diversified their game to involve land deals in Africa. I guess u can say where their is money n power, corruption is rampant...see link below......GO WAMU to a great week ahead....
http://www.bbc.co.uk/news/world-africa-13688683
"Absolutely!!!!" IMHO that's what i think is about to happen.....
JPM "BUYS/TAKES "ALL" !!! (HOLDING COMPANY)IMHO I dont see WMI raising from the ASHES !!!!
I would love to day trade also, but the MM's make it very expensive with the unreal bid and ask that they display. This is really evident in the p's.
Well then I say the best fit is jpm and that is probably in the works as we speculate about plan 7.they were going to get it for free under plan 6,but then when rosen was finally presented with pj. Soloman numbers and saw he could no longer hide the true value it was time for plan7.sg kept pj soloman numbers from rosen to trap all the crooks it was genuis.
omerico, thank you for the article and yes, this is very good. This article appeared in the Saturday edition of the Wall Street along with Nate's picture which I believe will make for some large gains on Monday or at least HUGE volume.
hello,
it's is my first massage i am usually enjoy reading you but i believe you will find this link very intersting.
http://sigforum.com/eve/forums/a/tpc/f/320601935/m/2960044452
Roach did you ever think Equity may not want to sell for so little money in chaper 11, not to mention why we we let the criminals be the only one who bids on it? Now this makes absolutely no sense. If this travesty is to continue, exit bankruptcy with a sound business plan and then put yourself up for sale through a true and honest method to get the highest price and then sell to one of the criminals competitors.
No Predictions please-Let's just wait and see what happens.
I'm pretty sure that you will make some seriously nice coin. It's gonna be one huckuva ride! So, grit your' teeth, buckle up and know ya can't control being out of control and you will probably come out just fine and dandy, imo.
I Bought 30.000 Shares.
Any Predictions after SETTLEMENT ? 8 $ i think too much, or? Any Opinions.?
Oh No! I spent alot of time in the BT when I was in the Navy. So, these are familiar waters, LOL.
The connection is deeper than that:
too lazy to detail.
but, for starter see an old post.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49173525
william48, I have been carrying a deep seated hope that we will have to wait. I haven't said much about it, but my Dad left me some serious coin. It's on its' way in traunches and the next one is less than 30 days away.
I will be very carefull using it and I own enough shares to be plenty happy right now, but I gotta tell ya, I love this battle and fighting it in my own personal way. I play these swings and have benefited nicely, even with the inherent risk.
Please send this pic to BR & JPM NOW!! LOL. This will
have a major impact tomorrow. $$$$$$$$$$ ..Jaydubs
http://uploadpic.org/v.php?img=HVUC9KKnOY
thank you...best to all this week!!!
will do the same. Have shares in germany and in usa.. will be an interesting time.. hopefully a huge reward some day especially for all this people who lost their retirement money with it..
I think trading is going to explode on Monday....I'll be watching the German markets for hints at the get go!!!!GLTY
thank you so much... guess we have a nice week in front of us :)
somebody posted the screenshot of the newspaper.. I cannot find it. would anyone please give me the link, thanks a lot
"It is possible to take on mammoth trading houses, if you're knowledgeable on the subject".-----words from his copy
time to hear the TRUTH
Why would JPM(with a little contribution from the fdic) not just absorb what's left of WMI to a point of getting the max value of the NOLs. The PR could read: "JPM Agrees To Buy Remainder of Washington Mutuals' Assets" ...details of the deal were not disclosed. Almost a non event, barely a blip on the radar, you know below the fold....and close the book on this thing once and for all. Hell, I might even start doing business with them(JPM)again.JMO
FROM NATE(BELOW),,,,,,,BTW...Isn't it amazing a college drop-out WITH ZERO LEGAL TRAINING AND NOT THE EC WILL BE THE HERO WHEN ALL IS SAID AND DONE???--MONEYMADE
TO SEE NATES EARLIER RESPONSE:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=tm&bn=86316&tid=688448&mid=688465&tof=2&rt=1&frt=1&off=1
Thank you so much for posting it for me.
I thought that in order to utilize the NOLs, whatever company bought the new co would have to be in the banking business. If that's the case, then certainly the more profitable the buyer is, the more they can utilize the NOLs, the more valuable they become. IMO
,,,,,,,Just proves 1 person CAN change the world.GO..WAMUQ--MONEYMADE
With that I agree. Goodnight.
JHD
i wasn't clear perhaps...
i'm saying ignore the fluctuations in pps until we see dollars (e.g. $8/share for wamuq) -- the endgame doesn't seem to be some lumpsum payment in cash into our trading accounts for shares of wamuq... it appears to be a newco that will have a true value that should be ultimately revealed to us by year's end.
Now we are up to 6 months away?
This is like trying to navigate the Bermuda triangle...lol
Another article spun from the wsj article.
http://mobile.gothamist.com/2011/06/11/hipster_investor_gives_gallant_cour.php
i tend to agree with william48
the evil axis will find ways to create losses for newbies and those with weak hearts, even with the miracle victory for equity on the near horizon. expect a continued roller coaster ride with head-spinning twists & turns and sharp drops from elevated prices.
i believe that even if wamuq's pps were to climb from current price to let's say, $8/share (assuming no trade halt), there will be inexperienced traders and skiddish investors who actually lose their shirts as they get "juked" by market makers and puppeteers controlling the show.
we are at the critical stage. stay focused, grit your teeth, and be mentally prepared to simply ***buy and hold*** for another 6 months. (i flipped shares last week to increase my holdings and got lucky - but i don't intend to press my luck any more going forward)
relax, take a very deep breath and smile. we amadamt longs are winners. in less than 6 months we will know the magnitude of our success. and when we know, we are going to be incredibly pleased, imo.
It's capital in the sense that it is being used as money to be able to grow, merge, expand, etc the business.
It is monetized as a loan for payback purposes.
It's the same thing as said when "I went to the bank to get some working capital" (eg, they loaned me the money)...
Capital definition: http://www.teachmefinance.com/Financial_Terms/Capital.html
capital -- Money available to invest or the total of accumulated assets available for production.
Sorry no PM............Nope, not Thornburg.
Catz....I understand what you are saying about the 160m value....may not be true but I thought I read some where that 160 figure was taken more or less out of the blue sky that it didn't really mean much or anything.
Though Nate is burnt out and distrusts Wall Street and will be getting another line of work. Don't blame him. This crooked game is like Vegas. It is rigged against the normal person.
this is exactly where I feel LEHMAN comes into play. The NOL merger partner.
Need China to boost internet views, with Nate's WSJ WaMu story. Can it possibly go viral ?
Can you guys/gals send this around the World. Going Viral on this would be awesome.
Make sure it hits China huge.
China got HOSED on this deal remember.
I'm sure they'd want a bit of payback.
Cheers and Thanks
Learning the same thing. Nice! WAMUQ and all is a good thing..
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Mr. Cooper Group Inc. (NASDAQ: COOP) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies.
Upon completion of the merger between WMIH Corp. and Nationstar Mortgage Holdings Inc. on July 31, 2018, WMIH became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper), Xome and Champion Mortgage (Nationstar Mortgage LLC d/b/a Champion).
As of October 10, 2018, Mr. Cooper Group Inc. is the new name of WMIH Corp. On July 31, 2018, WMIH, now Mr. Cooper Group, became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper) and Xome.
As early as late 2006, WaMu would begin to become a victim of what would eventually become the worst recession in US history since the Great Depression of 1929. WaMu's aggressive business strategy would begin to unfold throughout the end of 2006 and become increasingly disastrous through 2007. As housing rates were at all time highs before the recession began, WaMu would use its considerable leverage and assets to make large amounts of loans in both subprime mortgages and subprime credit cards. The banking division of WaMu at one point before the end of 2007 had nearly 336 stand-alone branch buildings where various types of home loans were processed and approved. WaMu would eventually over leverage themselves due to the high number of Adjustable Rate Mortgages (ARMs). As the US economy slowed down, the number of home loan defaults began to rise in quick succession. This coupled with the falling home prices throughout most of the US meant that even with foreclosures and the properties back in the hands of the company, they were unable to sell them back into the market, or were not able to derive enough revenue from the sale to cover the loan that was made on them. In the mean time, the credit card division was also seeing a surge in the number of late and non payments being made.
By September of 2008, WaMu's stock price had fallen to $2 from its previous highs of around $50 just two years earlier. Amid strong voices from the shareholders, then company CEO Kerry Killinger was dismissed by the company board. In the meantime, the company went looking for a buyer for part of its banking division. WaMu had been unsuccessful in finding an appropriate buy until its seizure by the FDIC. Overnight the companies banking division was bought by JP Morgan Chase in a secret deal brokered by the FDIC for 1.9 billion dollars. Washington Mutual Inc. has reorganized to Washington Mutual Holding Inc. WITH SHAREHOLDERS INTACT
WMI Equity Escrow Calculator
WMIH: Here's how old shares relate in value to the new shares.
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