waiting for $20 for commons
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Don't worry about me... WORRY about how many you've got when the final act ends!!!!
EXACTLY!!!!!
KEY, KEY player in all of this... WORTH BILLIONS, WHAT'S MORE IMPORTANT THAN THAT????????
REPUTATION and CONNECTIONS... We're talking Aristocracy here, Royalty connections...
NOT going to let a bum like JD destroy hundreds of years of REPUTATION etc....
BANKERS VERY, VERY respected here in UK....
R U CRAZY???????????
WHO IN THEIR RIGHT MINDS is going to sell a share in this????
CENTS = DOLLARS... That's all anyone needs to know.
YOUR money, YOUR decision to buy or sell... I'm LONG and adding more with every gift of a dip backwards.
If there was bad news this would plummet to a cent,so this is just mm games, flipping BUT we're not at the end of the big picture yet BUT we're closing in FAST!!!!
As everyone has seen the jigsaw pieces are finally beginning to come together. Big bank defections by higher ups, Chinese in town recently, more stuff you'll hear about.
Exactly and watch for more to come elsewhere. Price is being pushed down, people panicking a little (from 0.40 now in half) = millions of more shares to be picked up at ridiculously low prices (pennies).
This ONE WAMU settlement (if it was to come, because I don't know anything) will make the fund companies HUGE, HUGE RETURNS which will reward all who participate in their funds.. Do I have to spell all this out ???? I know nothing is happening, the fund companies know nothing is happening..
Or MAYBE there's a FIRE about to be seen where up to now we've only seen the smoke?????????????
Can't post for a few days but MORE TO COME...
catman26.. you're just an a-hole but that's fine as a nurse I've seen plenty!!!
mmm JD fired (oh sure I mean leaving) BOA president/chairman leaving... Sure when I said big things were going to be happening this month I was wrong. I can't spend all day and every hour posting like you but I'm trying to give you a heads up that things were going to be happening. U know what? just ignore me, because YOU know everything.
I'm sure you must have some great connections who can tell you when and how much the actual settlement will be? OR maybe that's going to be decided here in London.. mmmmmmmm
uzualsuzpect.. Thanks for posting that... I told you guys things would be happening. The BRITISH PRESS is far more inclined to go after ELITES than the US press. If we can get news to break here in UK about the UK/USA relationship (which I'm working on) then there's a GREAT chance we'll get BIG PRESS in the USA..
SEND all and as many articles as you can to... talkback@the-sun.co.uk or exclusive@the-sun.co.uk
Chinese in Washington - JD to leave - BOH chairman to leave.. MORE BIG NEWS TO COME THIS MONTH..HOLD ON TIGHT
writing from London... Spoke to my cousin in the stock market here. HUGE news coming, u wouldn't believe me if I told u.. HOLD ON GUYS and GIRLS, this is it...
IMHO:
SETTLEMENT on MONDAY 9/28... Perfect time for JPMC to atone for their sins!!!
John is going to wake up rich, IMHO: $38++++ each share GIVE OR TAKE $37 or so
IF JOHN GETS PAID - WE ALL GET PAID.....
Judges talk with each other, I presume.
Has Judge Sleet NOT given Judge Mary his blessing and the QUITE THUMBS UP she wanted, saying he'll go along with her..
Perhaps she doesn't have faith in him not to over rule her and take this for his own glory, HEADLINES and future??? Which is why she's dragging out her ruling.
This SMELLS of something... It should be over by now, at least the issue of the 4 billion should have been ruled on easily this past week-end....
Even crazy nurses want to be rich, so let's have some balance here on the best way to get there and how we view the case so far.
FYI: I want everyone here to one day wake up and be filthy stinking rich...
I believe 100% in the merits of the case and the fact that I'm now buying low and selling high rather than just blindly holding doesn't mean I need meds or that I'm still not long. I can build my holdings and wait happily until 2015.
After this week-ends non-event, the bottome line is:
IF JUDGE SLEET DENIES MOTION - GAME OVER WE WIN...
IF JUDGE SLEET TAKES THE CASE - GAME OVER WE LOSE....
Even if Judge Mary gives back the 4billion if Judge Sleet reamians slient then he will ultimately have the option of becoming the spolier.
So far the SILENCE from him is deafening in my opinion.
I love your passion and belief but this administration (who are closely involved and monitoring these proceedings) have shown they don't have respect for our Constitution, and you think they're going to respect some BK law?? That's hilarious...
Ultimately, this will be a political decision and the fact that Judge Sleet has remained silent about the change of venue/appeal speaks volumes.
IF JUDGE SLEET TAKES THE CASE - NO ONE GETS PAID!!!
GENERAL CONCENUS IS BEAR STEARNS GOT PAID then WAMU gets paid, something along those lines...
Thanks jimmyturbine but evidently Bopfan hasn't been too accurate in reading her/his past posts here and on yahoo...
The most consistent has been ABIGHAMMER who still has his heart set on $12+++... Yet to be proved wrong and so I'm in his corner..
IF ABIGHAMMER GETS PAID - ALL LONGS GET PAID
GOOOOOOOOOOOOOOOO WAMUUUUUUUUUUUUUUU -U -U - - U
She aint handing down nothing tomorrow, this week-end or anytime soon, GET REAL!! This would have exploded today if that was filed and ready to be done.. Do you think for one moment someone who knew what was happening this week-end wouldn't spill the beans???
Oh yeah, WAMU's getting 4+ billion back but I'm not telling anyone.. Sure lol
More blah, blah , blah, blah , blah
More $$$$$$$$$$$$ for the attorneys
More delay by JPIG
Next week? The same rollercoaster ride as a penny stock with less volume than this week.
Since I'm LONG until the end I'd be thrilled with it back to 0.10 so I can BUY another 100,000 to hold. But that's just being a selfish capatilistic pig, something I'm proud of!!
F the pennies - I'm trading them for $$$$$$$$$$$$$$
Thank you gadsen.. These people that post, like to think the Messiah is finally our President make me laugh. This guy's one claim to fame is that he was the ATTORNEY for ACORN.. THAT'S A FACT!!!
He will ultimately decide where this case is going along with his chicago thugs he surrounds himself with.
If this was open and shut Judge Mary would have squeezed JPIGS balls by now but she's being held back by Sleet and the behind the scenes political manouvering IMHO
ALL very interesting but the one thing I'd like to know from you is when this thing ends one way or another.. 2009, 2010, 2011, 2012??? Can JPMC and WAMU dance in this BK court FOREVER??
I'm sure the attorneys are enjoing making millions but surely the judge has to grow some balls and DECIDE SOMETHING!!!
THIS MAY or may not BE A PROBLEM!!! On the recommendation of Delaware U.S. Senator Joe Biden, Sleet was nominated to the United States District Court for the District of Delaware...
DONT BELIEVE FOR ONE MINUTE THIS ISN'T POLITICAL!!THE CROOKS IN WASHINGTON ARE GOING TO FINALLY DECIDE THIS CASE - THE LAW MEANS ZERO TO THESE GUYS....
PERHAPS THAT'S WHY WE'VE SEEN NOTHING FROM JUDGE MARY.....
If nothing gets done tomorrow then I'm CONVINCED JUDGE SLEET WILL TAKE THIS CASE AND GIVE JPMC A GET OUT OF JAIL CARD AND A LIFELINE...
Gregory M. Sleet is making more history in the First State as the first Black chief judge of the U.S. District Court in Wilmington, DE.
He is also the first Black to have served as Delaware's U.S. Attorney and the first Black to work as a federal judge in the state.
READ ALL ABOUT HIM HERE:: http://judgepedia.org/index.php/Greg_Sleet
So JPM is looking to buy a "super-regional" bank, possibly WaMu. This idea is either terrible or brilliant. Jamie Dimon is supposed to be one shrewd operator. If that's true then WaMu may be perfect for him.
"WaMu is one craptastic sorry ass cobbled together turd pie," we were told by our computer screen as we typed those words. We don't know if we are the only one who remembers this article from Fortune in '04. But the guys at WaMu couldn't find their ass with both hands, and google maps.
So there's an opportunity for a shrewd business man to take it over and really improve things. And, Jamie, son!, you really know your deal making, having served under THE master for all those years. But is WaMu too much of a shit show, to even be worth the time? According to the aforementioned Fortune article:
NICE... NO WONDER WE DON'T GET ANY PRESS, THEY THINK WAMU STINKS!@!!
WHAT IS THE TIME-SCALE WHERE THE JUDGE BRINGS DOWN THE GAVEL AND CALLS THIS THING ONE WAY OR ANOTHER...
1 year, 2 years..5 years??? More
How long can WAMU and JPMC keep dancing????
Anyone know the BK law????
the Bankruptcy Act calls for repayment; that is the individual or business must file with the court a plan for repaying specific debts. The plan presented to the court will specify the amounts and periods of time over which they will take place. The court will normally allow three years, but in some cases the period can be extended up to five years
CAN THIS WAMU BK CASE TAKE UP TO 5 YEARS!!!!
My question for the attorneys on the board....
What is the time limit that this can go on for???. Surely the judge has to make a decision one way or another.
If she allows the 'parties' to quitely negotiate they could negotiate for years and then disagree at the very end, so where does that get anyone??
Is there not a time where she cuts this all off and brings the gavel down??
Nobody on this board who knows what's going on should 'spin' out of control if things don't go as well as expected this week-end.
Think of this as being in the Super Bowl... You have your eyes on the prize after a long season and here you are in the final facing a difficult and tricky opponent. You've done all your homework, there's nothing to fear but that defence is putting up a strong fight to stop you getting that winning home run...
There's still time to seal it, okay, we're going to have to keep pushing forward, we're close to the end zone, is this the breakthrough???? Is this where we break them?????
I'd be more worried about bending over for the soap when Maddoff drops it..
I'm looking at it purely from what I've read.
If WAMU turned down $8 before this fiasco then we know JPMC was at least willing to pay that to consume their operation.
They then stole the entire operation in what they thought was a perfect storm and thought they'd get away with it.
Now they're in court with their backs to the wall.. So what do they do????.
My guess is that FROM A PURELY BUSINESS POINT OF VIEW.. They'll pay the one and half book value $12 and STILL THINK they've got a bargain!!!
They've got themselves a great operation and got it for 50% more than they were willing to originally pay anyway. So what? big deal? JPMC shareholders will be delighted at expanding their BANKING business for such a low price
I still however think Weil (Wamu's attorneys) are after making history and may not settle for anything but a sustantial award for all the wrong doings.. So for what it's worth I see $12 at least and then up from their anything is possible.
u r kidding, right??????????/
I'm not selling for less than $12 a share I don't care if it's called WAMU, SHAMU, or CHASU!!!
If we get a decent price in any settlement the next move over the next 12 months is up, not down. So that's why these pennies are irrelevant.
What's fascinating is the sheer volume this week. 2 weeks ago we were well under 5/6 million each day NOW LOOK!!!
WAY MORE INTEREST and SPECULATING GOING ON WITH THIS STOCK...
ROLL UP..ROLL UP.. GET YOUR WAMU HERE... SOME WILL BE WINNERS (longs) and SOME WILL BE WHINERS!!
To ALL the newbies and even some newer longs let's not forget we're PLAYING the stock market here and there's NO guarantee about anything, this is all about personal belief and timing..
Hypothetical: WAMU halts and opens on Monday at $6 a share.. Who sells and who buys?? We would probably see a sell off from those happy with $6 and some people will ALSO be long term and buying, knowing that this could be a new low.... 2 weeks later the stocks at $24.
Those that sold are pissed, those that held are delighted.
For newbies especially, the point is this is the stock market, it's a GAMBLE, no different from VEGAS.... If people knew EXACTLY the price points EVERYONE would particpate and be zillionaires...
BOTTOM LINE: YOU and only YOU can decide how much to gamble and what YOUR price points are.
What happens if WAMU is at 0.45 pennies this week-end but there's NO decision this week-end? Do you decide to bail out or do u decide to stick it out??? All PERSONAL decisions...
Are u going to be pissed you sold at 0.40 on Monday when u hear next Wednesday the stock was halted, the court made their decision and it opened Thursday at $12..
Point is, no one knows, YOU MAKE THE CALL...WHAT DO U BELIEVE???? WHAT DO YOU KNOW ABOUT THE COURT CASE? WHAT DO YOU KNOW ABOUT WAMU's ATTORNEYS, WHAT CASES HAVE THEY WON? WHAT IS THEIR REPUTATION?? ARE THEY PREVAILING IN THIS CASE??
DO YOUR OWN DD and THEN DECIDE where u stand... NO ONE on THIS BOARD can make a decision about YOUR MONEY..
Last post of the night because I'm tired.
The one thing I want to hear on FRIDAY (besides $70 - 100 billion to WAMU lol) is some toughness and a MAJOR decision on SOMETHING in the interest of WAMU shareholders from the judge. At least start with the 4+ billion which seems the simplest of her decisions based on all we know and everything admitted to...
Her rulings ALL in favor of WAMU seem pointless if she doesn't have the courage or will power to slap down JPMC and show who is in control of the proceedings and her court room.
The question then becomes is is she up to this?? Nothing from Friday will not be good...
Okay.. House episode was good BUT I'm back here with my LONG FRIENDS..
I think the case is strong, the law is on our side BUT what we can't know is how much POLITICAL pressure behind the scenes is dictating the decisions.
Never ever forget these judges are humans and have families. Pressure from this administration in particular has proved to be without conscience or concern for the 'big' picture. Their style of 'chicago thug' politics is well documented.
JPMC has mighty pig (spelt correctly) friends and they are certainly placing delay and pressure where they can.
I'm not sure how this banking/FDIC news today is going to play into this.
No rules here my friend... Run or not, don't sweat the small stuff with this stock you'll drive yourself CRAZY....
Actually one simple rule:
BUY what u can afford to lose, then settle down, forget about it and wait for the gavel to go down and the words WAMU v JPMC 'CASE CLOSED'..
Ok, that's it gang, no more words of wisdom from me tonight..
I've got to go and finish the new episode of house.
FDIC could seek bailout from banks
FDIC considers borrowing from banks to replenish dwindling insurance fund
By Daniel Wagner, AP Business Writer
On Tuesday September 22, 2009, 2:42 pm EDT
mmmm... Chinese in town, FDIC/Banks, Omnibus
......the last 8 TRADING days over "$125,000,000" DOLLARS have been flying in/out/around/covering and so on.... 'diamondguru-one'
A PERFECT STORM...
Hey uzualsuzpect how you doing???
Wasn't too excited yesterday and certainly not too worried today either. I mean yesterday up to 40 pennies??? Who cares?
Today is just manipulation and stupidity...Millions of new eyes on this and 90% havn't a clue about what's going on, just following the up from yesterday.. They got on board and then when we started going south today, bailed out as quick as they got in.
I know the smart ones (like me) accumulated a few thousand more cheapies... :)
Still looking forward to seeing you in Vegas.
BOTTOM LINE...Nothings going to matter this week number wise (it's irrelevant) unless some good or bad news comes from the meeting.
Based on assumption about good news yesterday if something BAD had leaked we'd be at 0.01
'tombrady12nh'
That's EXACTLY my point...
If you don't understand that HALT is a distinct possibility ANY TIME ON ANY DAY and you're flipping to make a few thousand dollars. Think about how you're going to feel if you just sold 10,000 shares to make a couple of thousand when you could have made $120,000+++
Or maybe just one time book value $80,000!!!
This is it, guys and girls. Once in a lifetime opportunity.
Don't say to yourself 'IF ONLY' because you're here now and you should know the strength of the BK case and what the deal is...
Oh my lord.. I've just gone through all the posts, what a laugh (especially from the newbies).
Come on let's get real... There is no low, no high for this stock... period!!...No technical data and no amount of time focusing on charts is going to answer what's going on this week.
Who cares if this goes from 0.40 to 0.04??? Or from $0.40 to $0.75 or higher.
Yesterday, EVERYONE speculated the price went high because of good news leaks from the settlement - So today it must be bad news leaks from the same settlement... yeah right???
If you're here LONG for the BK case, understand the issues, see that WAMU has JPMC on the ropes and realize this could be over any day, then the stock price day to day is 100% totally irrelevant. If you're here for pennies great, enjoy the fluctuation up and down this week... If you sold yesterday you made a couple of thousand dollars yippee, congratulation.. Today you may have lost a couple of thousand dollars boo hoo...
Yesterday my portfolio looked healthier but it's still way healthier than at 0.08!! PLUS NOW I can add more at the price I wanted to before yesterday and know I've got an even bigger bargain.
To me it's crap. I'm here to convert my holdings to dollars, every last one of them, I'm not selling, I'm buying all the way up to a $1 a share and then just hold 'em until the gavel comes down and this case is decided.
400,000,000 million shares traded in 5 DAYS... Of course there's going to be speculation for and against. THIS IS THE STOCK MARKET!!!
Good to see all the longs still staying focused on the end game.
Q; Is JD happy with the current JPMC share price? Is it high enough for a stock swap???????
A: Probably YES
Q: Has the 360 days been completed?
A: Almost, so answer YES
Q: Has the FDIC now got or has been promised funds to meet it's commitments
A: Yes
If we're now seeing shorts covering then this may be the last piece of the puzzle
Not sure if we even make it to Omnibus because ANY DAY this week if this volume and % keeps heading north we could see something 'magical'
If we do go to Omnibus and that 4billion isn't handed over (as a start) I'm going to be pissed!!! Mrs Judgey needs to move this thing a long now...
uzualsuzpect.. Just got back home after a long day... Looks like nothing happened today lol This weeks going to be fun...
I think there's some leaking of SETTLEMENT or the 4billion. we've been up what is it 7 straight days and this today!!
No one in their right mind isn't going to buy in at these prices if someones whispered in their ears about what's to come. 100 million shares? We were at 0.8 just a couple of weeks ago.
SOMETHINGS COMING...
The problem is not with the settlement and GUILT of JPMC/FDIC, I think that's clear for all to see.
I believe the problem is how does JPMC pay this huge number Weil has asked for and still maintain it's position, stature and save face etc... How do they spin this??
It's just a gut feeling but our attorneys win HUGE NUMBERS for their clients, that's their record and that's why they were employed at the beginning. You don't retain the best, spend millions and millions of dollars and then accept some measley settlement.
WE ALL will be asking ourselves how could we have been so stupid not to have bought more at these low, low penny prices.. Personally I'm using any spare change I can to add to my holdings... 41 cents for a bank that will eventually emerge STRONGER from the BK court. Ha, this is soooooo cheap.
Can you point to another better deal at these prices to invest in???
Again, gut feeling, this SETTLEMENT (whenever it ends) will make banking history. IMHO
I'm with you and your numbers...