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New to the board but I hope this helps. Once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback. Likewise, if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued.
Ok. But alot of shorts still need to cover this should be an interesting week
What Does Days To Cover Mean?
A measurement of a company's issued shares that are currently shorted, expressed as the number of days required to close out all of the short positions. For example, if a company has average daily volume of 1 million shares and 2 million shares are currently short sold, the shares have a cover rate of 2 days (2M/1M).
Also referred to as the "short-interest ratio".
Investopedia explains Days To Cover
This ratio is somewhat unique because it measures the future buying pressure on a stock that is virtually certain to happen - short sellers must buy back shares at some point if they are to close out their positions.
If a stock's price begins to rise significantly, investors who have short sold the stock will quickly begin to close out their positions (by purchasing shares off the open market), creating buying pressure for the stock and driving the price up even more. If a previously lagging stock turns very bullish, the buying action of short sellers can result in extra upward momentum and increased losses for short sellers who are slow to close out their positions. The longer the days to cover, the more pronounced this effect can be.
link for WaMuClosingbook.tex from the FDIC.
http://wmish.com/docs/gib/Washington_Mutual_Bank_Closing_Book.pdf
check this out!!
WaMuClosingBook. txt
For the Closing Book if you need this.
Thanks,
George
1
2
COpy FOR WAMU STATEMENT INSERT
WaMu &Chase. Safe &Secure.
WaMu branches became part of JPMorganChase Bank, N.A., on September 25,
2008, ensuring a bright new future for WaMu. JPMorganChase is known for
strength and stability (and nearly a trillion dollars in customer deposits). But
JPMorganChase brings more than money to the party: together we have over
14,000 ATMs and 5,400 branches nationwide, a quarter of a million employees,
and the confidence of bankingwi th over 100million other customers.
We know -it's a big, excitingchange. You have questions? We have answers. To
learn more, you can always stop by your localWaMu, call 1-800-788-7000 or
visit wamu. com.
What do Ineedto do?
Justuse your account as you normally would. Regular usewill meet the
requirements to confirm your deposits -it i s that easy. If you have an account
which you actively use, you don't need to do anything.
Regular use includesdeposits, withdrawals, writing checks on any account,
or having an automated direct depositor withdrawal made.
If you have an account you don't regularly use, you would be covered by any of the
following actions:
Make a deposit or withdrawal, write a check, or make an automated direct
deposit or withdrawal;
Sign a new signature card on your account, enter into a new deposit
agreement with us, renegotiate the terms of a certificate of deposit (CD)
account; or
Provide us with a completed change of address form.
Don't worry -we'll contact you over the next few months if there's any action you
need to take.
What happens now
What will happento my account at WaMu? And to my WaMu branch?
10/3/08,7: 30 a.m..
It's businessas usual. As of September 25,2008, JPMorgan Chase Bank, N.A.
assumed all the deposit and loan accounts, and all branches, of Washington Mutual
Bank. You can continue to access your accounts just the way you've accessed them
in the past: use your same branch, same debit, credit and ATM cards, same checks.
I'm a small business owner with WaMu. What will change for my business?
Immediately, no change at all -bank just as you do today. As our systems merge,
we look forward to bringing you innovative services ranging from online invoicing
to convenient ways to help you manage your cash flow. Chase is a national leader
in business banking services, and is the nation's #1 SBA lender.
Ihave a relationship with the WaMu Commercial Group. What will change for
my business?
Page 104
I sold my position for a nice profit. Good luck.
Typo should have been 0.0278. I did average down from 0.04, but I do prefer to average up. LOL I have a beer buzz! Thanks for the reply
I don't post much, but I do hold 105,000 shares with an average of 0.278. When will we get the free shares of PVRE?
You're right about the chart a 176% gain in one month is not bad at all!!
By the way you have the wrong chart in the IBox
What timeframe do you think the pps will move to $2? I'm averaged at 0.96 for 5000 shares.
Your right!! I just pick up 15,000 shares through my bank under PGCR.
Goldman, is this in reference to the 250m gold certificates?
Last time I check we had around 300,000 buys and 140,000 sells. Why are we still in the red? LOL I hate the MM's!!!!
I agree with you but it would be outstanding if it was true. I'll wait for the official release from AOAG. I'm still hold and thinking about picking up more but not base on his comments.
The comments were posted on the google board
Sounds good to me. I'm a post BK holder for H,P and K. Pre for commons.
IMO if you are a pre BK and still holding your shares then yes you need to file. If you are a pre BK holder and you sell your share then no you get the tax write off. Post BK holders will be wasting their time. This is just my opinion but to be 100% sure you should consult with a lawyer or your broker. Good luck.
I hope your right and AOAG do sell the certificates at a premium price. IMO it will be a tough sell as banks are having a capital/leverage issues. Discount prices would bring qualified buyers to the table. Why? Because banks are greedy. Time will tell. With the estimated gold reserves and the JV dredges and other associate mining equipment AOAG should not have a problem in holding their end of the bargain in respect to the delivery of gold bullion. Again only time will tell. Good luck to all AOAG share holders!!
I don't think it would be a problem. The last time gold was at 500. per oz was in 06. I wish I could buy some!!!!
Nice!!!
I averaged up to 0.05. If it dips below 0.04 I will double my position.
Let the week hands sell to the stronger hands. The sea ice will melt soon. This is bad news for the polar bears. LOL. But good news for us. I will not sell a single one of my shares for less than 0.55.
Today is the 9 Jan and AOAG should be conducting sells of their of gold certificates. IMO at this discount price of 500.00 per certificate AOAG will not have a problem in raising the funds. I expect this spring through the summer we will see a major run on this stock.
The Company management and JV Partners RE Shell Group/Concha Holdings have begun actively seeking financing arrangements since first announcing their unique $250 million forward gold offering at $500 per ounce to qualified investors, banks, and institutions. The company is pleased to announce that, beginning on Friday, January 9, 2009, management will be making the first of several presentations to potential institutional buyers who have expressed interest in the gold offering.
IMO this bull will charge up hill and close above 0.092
They should change their name to Artic Oil & GOLD Corp. LOL
Yea roger are payday will be coming soon.
I just pick up another 15000 shares this morning. I suggest you do the same while the pps is still low.
Spring is just around the corner. IMO when the sea ice melts and active dredging begins to recover gold in the 120 day window the pps will increase significantly with the sec filings and positive PR . I plan on increasing my shares on Monday and holding long.
What the Lawyers were researching............
http://www.kccllc.net/documents/0812229/0812229081208000000000004.pdf
PG 137 Research weather series I,J,L,M,N are Pari Passu and weather their issuance could be canceled. Pari Passu is equitably without preference.
PG 145 Research weather Washington Mutual bank has preferred stock.
PG 151 Work on change of ownership analysis. Work on worthless stock deduction analysis.
PG 152 Draft exhibits to the motion to suspend trading of WAMU common stock.
PG 170 Research weather any seires of WMI preferred shares are assigned trustees.