I like to GNR8NRG
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I expect to get SQUAT and for it to take YEARS before I realize it. (LOL) That way I'll be pleased if we get offered something and soon. Doesn't mean I'll accept it though. :P
I agree with you and I won't accept that offer. I'd say if this doesn't get settled soon and at a FAIR price, then the 3 times damages will look even better. Forget the money and dig up the worms!!!
(LOL) It was just what people thought about doing if we got a settlement for the holidays. My goal in 2010 is a million, but I'm working on that without my WAMUQ. :)
I'd be a millionaire, but I'm working New Year's so I won't be able to make it. Yes, I'd still keep my two jobs, at least for a while. I like what I do. :)
I'd gotten out around .91 as it fell from 1.00.
.75 is my buy price for ABK, but I'm in too deep with others to make a move this year. Hopefully I'll be back in 2010 and I honestly don't think a RS is needed. Shorts get really strong at the end of the year as people take profits and tax losses. Actually if ABK were to RS, I'd bet money it'd get shorted below the 52 week low. RS are usually HAMMERED by SHORTY and if the price is too high, I see no upside to buying. My guess is you'll probably POP off of this level and rise for a couple of days and then the time of year will rear it's head. Unless some great news comes out to keep you above a 1. ABK should be double this by the time earnings are released in Feb.
I won't even listen to it until I get more "dry powder" in my account. When I get ANGRY, I usually buy more WAMUQ. (LOL) A positive is maybe they wanted us angry. So we don't just sit and wait. The more "active" minds on the sidlines can bring attention to the situation. The confidentiality agreement keeps their hands tied, but not ours. :)
The BILL of RIGHTS meets the so called "patriot act" (LOL)
I hoped Obama would have gotten rid of the patriot act the first week in office.
First Amendment can be "interpreted" under Bush's so called "patriot act" so I have an official 'NO COMMENT'
I try to not watch the news on T.V. but I'd say some people have already reached their breaking point. The diversity in this country makes us special, but I could see the "have nots" really turning. Actually some already have. I really like to focus on more positive things and solutions, (80%solution to 20% whinning LOL) so this will be my last comment on the matter. :)
As far as JPM and WAMU are concerned, it would suck to have our "commons" wiped out.< But if we get real justice with criminals involved getting hard time, I'd say the PUBLIC confidence in our government would begin to mend.
Personally I'd like to profit and think it would be deserved, but if not then at least some kind of justice would be served.
"What if" that were to happen...
I'd say even better. IMO, WAMU is a more "trusted" name. Especially if the public knows what happened. I know a few people here in California that have Chase, but none of them liked the change. They just went with what they thought had happened.
JPM has wronged more than just WAMU. Lehman had deposits witheld, but yet the "run" on WAMU was probably JPM pulling their deposits. So I wouldn't necessarily want to "own" JPM. I would want my branches, deposits and assests back from them with compensation for the things we've sold in the BK and 3x damages. I'd then want a criminal trial with JD leading the way.
Have you seen how the market reacts to prosection news? It's usually quite positive.
If justice is not served, then I hope this adminstration "weeds" out the corruption in other ways.
Regulation is needed, but an all out sizeure of the entire financial system like the S&L days would give us a stronger foundation.
Conspiricy theoriests would say it's kinda scary to think that the banks are consolidating into one. With all this money being printed, I wonder if JPM has the Amero "conviently" available for 2012?
There's a saying about things that are important. "Will any of this matter, in a year from now?" I'd say YES.
Lots of "What IF's" but I've got one more for ya...
What "if" JPM was found GUILTY of the demise of WM?
If the commons are left out, this will not go away. Actually I think it'll get much worse.
So there are lots of "what if's" and most everything is just speculation...
Except for any evidence that might be under confidentiality agreements at the moment.
What if JD wants to have a job in 2010 other than making license plates for time out of solitary confinment.
Lots of what if's and possibilities not even mentioned.
What if I go to sleep. :)
HAPPY HOLIDAYS to all even JD.
I don't play poker, but if there is one thing EVERYBODY should know now is that the stock market IS GAMBLING! I would NEVER allow some "advisor" to control or dictate where my investment is going. 401k's and 403b's are not wise investments...even TIME magazine points out that fallacy for people retiring...
I will never retire just EXPIRE... Once you give up, you've already lost...
I realized over a year ago that I was swimming with the SHARKS and PIRANAS when I saw my LEH and WM go BK. That experience gave me the TEETH to play in their waters. My account has increased 4/5 fold because of their training. I wish it wasn't so, because I started as an investor. PPG in 1971 (my birth)
Sorry to be so brutal here because there are some honest and really good people on these boards. Hopefully most people realize that the ocean is filled with these preditors and it's called "free market capitalism" So if the BIG O changes the game, then I'm willing to play by those rules too.
Disclosure: I currently hold WAMUQ and LEHJQ
This public service announcement was brought to you by: A GIANTIC, nuclear breathing, prehistoric reptile. :c
No need to reply, I just want to say...
I really liked your comments on the "Q" and I agree.
I currently hold 280k and will add if it has another drop for tax season. I watched my account go from red to about 50% green. If I hadn't bought more, I'd still be up. I'm down just over 8% due to 40k added, but my TTNP is still worth more than I've invested in. TTNP and ILNS are my only true LONG POSITIONS. I was going to hold this (AVXT), but I'd sold to buy some Q.
I like the news here, but the price of .004 kinda scares me a bit. :-0
Anyways, good to see you and good luck on the "T" 'Q' I really like Huntsman and I think they're quality people.
Well, of course you do. (LOL)
If you're "LONG", we're both believing the same thing.
If you're "SHORT", you covered today and hope to rise up and repeat the cycle.
If you're a "flipper", you made money off of the trading range and you like the hype/pump and hope to repeat again.
Me? Well...I thought about "flipping" but I added so I helped flippers. I had a 50% gain, but to take out my investment before a weekend seemed too soon. however I did consider it after the sell off begun.
Short? I've never opened that option, but I did buy FAZ before the RS, however I sold it just days after buying it.
Long? Well, that depends...If a settlement is announced this weekend, or before New Years, I'd take a bit off for this tax season. Then I'd take some off in 2010 tax season. If it's a stock swap, I'd keep some for long term gains and some to hold. So I don't know if that's really LONG, but at least I'm HONEST. Which really doesn't matter in this world, except to me. And that's really the only relationship that matters. :)
Not bad for a 150 foot pre-historic GECKO. (LOL)
Either way, have a GREAT weekend and HAPPY HOLIDAYS no matter what position you hold. :)
I'm thinking that the amount people who get PAID on this will probably jump start the REAL RECOVERY. The taxes paid, the houses bought. I'm even planning on donating to my work and giving my Mom, Dad, sister 10k and moving my brother back to US from England.
I'll buy at least 1 house here and finance 1 in San Diego, Las Vegas, Colorado and maybe Arizona and Flordia.
My car of choice is an 85-86 Jeep CJ7 and a new Challenger with Hemi to garage except on weekends.
If we're wiped out, I've got BIG gains expected in 2010 so I can afford to gamble.
P.S. I'm planning on keeping both of my jobs too. :)
Loved the shake out. I sold nothing and added another 40,000 WAMUQ myself. I'm not worried about losing about half of what I gain yesterday in an hour.
What goes up goes down and what goes down will usually go up. I'm looking BEYOND today's trading. I'll be going to the gym soon so I'm not worried. :)
Bought another 25000 after that 15,000 :)
Shorty, profits taking, I bought another 15,000 WAMUQ. I'll bet we're higher in an hour or so. :)
Oh I'm not jumping into that...(LOL) I thought I was warning people. :)
What Does Quadruple Witching Mean for WAMUQ?
"A day on which contracts for stock index futures, stock index options, stock options and single stock futures (SSF) all expire."
Is that calls and puts?
Wow good and bad news IMO (.004)!?!?!? It's 52 week low was .006 So they got a good deal. At least the company has a future again. I really liked some of the stuff I learned while doing DD for this stock. However I sold my position and will be curious to see how things turn out. :)
"AVAX Technologies, Inc. (Pink Sheets: AVXT) ("AVAX" or the "Company") today announced that it recently closed a bridge loan financing (the "2009 Financing") pursuant to a Convertible Note and Warrant Purchase Agreement (the "Agreement") with Firebird Global Master Fund, Ltd., ("Firebird"). Pursuant to the Agreement, the Company sold a convertible promissory note, due June 30, 2010, in the aggregate principal amount of US$1,400,000, and issued a warrant to purchase an aggregate of 93,333,333 shares of the Company's common stock, par value $0.004 per share. Assuming the conversion of all shares underlying its convertible securities and the exercise of its warrants, Firebird would control a majority voting interest in the Company and it currently has a majority beneficial interest in AVAX."
I'll tell you...
He's the "somebody" (JPM punk) who will try to get his "buddies" out.
I hope he gets BURNED!
If my TTNP gets bought out in 5 hours, then I'll be the one with the gas/match/ammo to cook some SHORTIES...
Alright I'm ANGRY again...Lets see how many I get this time. :P
I wanted to move my 403b to the Windsor II fund, but I didn't meet the min. :(
I'm happy to see American Funds Investment Company of America with so many shares. My Grandma had a lot of that from a long time ago. It's been passed on to my father and aunt. I believe they still have it. :)
Good luck to us all.
http://moneycentral.msn.com/ownership?Holding=Mutual+Fund+Ownership&symbol=WAMUQ
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Washington Mutual Ord Shs: OwnershipOwnership Information
Shares Outstanding 1.70 Bil
Institutional Ownership (%) .23
Top 10 Institutions (%) .30
Mutual Fund Ownership (%) .10
5%/Insider Ownership (%) .17
Float (%) 99.83
Ownership Activity
Description # of Holders Shares
Total Positions 38 3,910,770
New Positions 10 0
Soldout Positions 505 0
Net Position Change -498 -838,808,576
Buyers 15 2,053,990
Sellers 513 -840,862,592
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View: Institutional Ownership Mutual Fund Ownership 5% Ownership
Mutual Fund Shs Held Shs Chg %Chg $Chg* %Out %Port Rpt Date
American Funds Investment Company of America 25,714,286 0 0.0 3,857,143 1.5 0.0 09-30-09
American Funds Insurance Series Growth-Income Fund 12,800,000 8,533,333 200.0 2,773,333 0.8 0.0 09-30-09
DWS Strategic Value Fund 12,654,430 0 0.0 1,898,165 0.7 0.1 09-30-09
Vanguard Windsor II Fund 5,856,328 0 0.0 -117,127 0.3 0.0 07-31-09
Fidelity Leveraged Company Stock Fund 5,352,200 0 0.0 -107,044 0.3 0.0 07-31-09
Hartford Advisers HLS Fund, Inc. 4,194,285 0 0.0 -461,371 0.2 0.0 10-31-09
Fidelity Advisor Leveraged Company Stock Fund 3,524,314 0 0.0 -70,486 0.2 0.0 07-31-09
Fidelity Convertible Securities Fund 2,537,142 -421,900 -14.3 -384,561 0.1 0.1 10-31-09
Dreman/Claymore Dividend & Income Fund 2,090,015 0 0.0 -41,800 0.1 0.1 07-31-09
Hartford Dividend and Growth Fund 1,714,285 1,714,285 1.0 240,000 0.1 0.0 10-31-09
First Opportunity Fund, Inc 1,451,428 0 0.0 58,057 0.1 0.1 06-30-09
DWS Var. Series II-DWS Dreman High Return Equity VIP 1,394,944 0 0.0 -83,697 0.1 0.0 12-31-08
Hartford Advisers Fund 822,857 822,857 1.0 115,200 0.0 0.0 10-31-09
American Funds Insurance Series Blue Chip Income & Growth 708,571 0 0.0 106,286 0.0 0.0 09-30-09
Fidelity Financials Central Fund 543,828 0 0.0 81,574 0.0 0.0 09-30-09
Usually stocks that rise will usually fall the next day. However I think we're in a SPECIAL SITUATION...The UPSIDE is HUGE!
I'm thinking "somebody" is going to short it hard in the first 15 min trying to get "profit taking" to create a sell off. Then they can get some of their other shorts out. If it just runs straight up, I'm really happy about that because I've got almost a quarter million shares already. :)
We'll find out what happens tomorrow and I'd love a HALT before we even start.
I hope so, because I want more, MOre, MORE! HAhahahaha :)
I'm hoping my powder is dry, so if they take it down at the open, I can add even more. I would not sell at that number before this weekend. It's GREAT being up almost 50%, but to get "free shares" I'd have to sell half of my position. Too many possibilities to do that and if it does get settled this weekend, I'll be more upset with taking half of my position off the table.
I'm so excited it's not even funny. This kind of RUSH can not be legal. :P
Just doing my part. :)
12/14/2009 11:18:12 Bought 15000 WAMUQ @ 0.112 -1,689.99 ---
12/14/2009 11:32:47 Bought 15000 WAMUQ @ 0.113 -1,704.99 ---
12/14/2009 11:41:50 Bought 10000 WAMUQ @ 0.113 -1,139.99 ---
12/14/2009 11:58:11 Bought 15000 WAMUQ @ 0.113 -1,704.99 ---
12/15/2009 09:34:09 Bought 10000 WAMUQ @ 0.1089 -1,098.99 ---
12/15/2009 09:37:59 Bought 20000 WAMUQ @ 0.11 -2,209.99 ---
12/15/2009 09:41:32 Bought 10000 WAMUQ @ 0.109 -1,099.99
I'm glad to be of service. :P
I'M UP!
I got back from one job and I'm trying to figure out what everyones talking about... (LOL)
I actually had seen Tronox because of Huntsman.
I use to have HUN, but I got out before the big run. I'll check out that board and try to see what might be tempting. Thanks :)
No I'd like to buy, but I'm DEEP in the WAMUQ, LEHMQ and LEHJQ. I'm waiting to see what happens there before I add to my ILNS.
Great price IMO. My break even is .085, so I'm tempted to get more, but it depends if it stays low for a bit. Last time it bounced up after a .055 purchase and then kept seeting a temp floor. So it might do it again. I like end of the year selling because it allows me to buy more things. :)
I hope so
I didn't buy before the open...
I bought Mon and Tue morn and posted late at night because I was at work during the day.
I've only been able to to pre-market on occasion, but never with a penny stock. And it didn't always work.
I had a hard time filling my buys today. I was over the ask on several buys and it took longer than normal. Only 10k blocks and they took more time than normal. I took that as a good sign. :)
I've got more powder drying on the side. Christmas gifts/money will allow me to use another paycheck to dry some more. I still have others I can sell if we get any bad, or no news soon. I wouldn't want to sell my TTNP, but if we drop 50% or more I may back up the truck and go all in...I hope it runs too high off of good news, so I can take a little off and ride the "free train"
So much upside with only .10/.11 of downside. I'll take those odds, thank you very much. :)
Add another 40,000 WAMUQ :)
Still holding my WAMU ATM card. It's a reminder every time I go to the temp blue banner bank. I will not FORGET...
And another 55,000 WAMUQ Moday at .112/3 :)
I love it when I get ANGRY. (LOL)
Welcome to my world. Luckily, when I got ANGRY, I bought more shares. :)
Well, I'm here...Ready to STOMP on SHORTY!
I'm in deep and getting deeper each day. I'd love a halt. Then it would be over...No more guessing. Giddy up