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A lot of people were predicting a fall on Friday because the share price had been green by a nice amount the entire week, and because of the resistance levels that it historically has to consolidate to pass. When it closed not only green, but extremely strong setting its high of the day and year after 4:00 p.m., blowing past its resistance levels by approximately 4 cents. $WAMUQ is now all over the radars and everybody who sees it wants in. The end of day buying and influx of new faces to the boards confirms it, WAMUQ has nowhere to go but up as far as monday is concerned. My guess would be we close at .295.
How about the Walrath Warriors?
I just spent a little while skimming over the first 2000 posts for the WAMUQ board. They start around June or July 2008, so its a little sad to see people so optimistic, buying in on the dips to $4 thinking they were sitting on a goldmine, when really they were sitting on a landmine. It gets really interesting around 1500 or so, thats late september.Just an interesting trip through time to get a feel of the shareholder atmosphere at the time. Whats also sad is the only person I see still posting here from september of last year is Chiron. I hope those other people are still holding some shares.
Yes thats theoretically possible, and it actually has happened to a few stocks. The chances are low, but the point is good because it wont happen on this magnitude but over time it will have the same effect if you learn to diversify and play smart.
You will end up with $512000 if you take $500 and play 10 doubles consecutively, but if you take $500 and play a 10 bagger you will get 1000% or $5000 profit, for a total of $5500. Your method is exponential, and you can't exponentialize without multiple stocks, or at least multiple investments over time in one stock.
Hey guys just wondering, if JD is loaded up on shares is he allowed to come to Vegas with us?
Court date on the 25th (1) getting a lot of peoples hopes up. Also, it's the one year anniversary of the WaMu takeover (1), which apparently has some legal implications (not too sure what they are)
(1) http://www.my.calendars.net/wmi
Imagine the chaos on the board if this happened on the 25th:
"I am hereby granting possesion of the $4b to WMI"
"Your honor, we request a brief intermission to correspond with the debtors"
Quinn and whats-his-face go behind closed doors.
Now imagine 10 minutes later all WaMu stocks halt, and possibly JPM.
I think we would take over SPNGE in about 15 minutes in post counts.
Too bad I didn't take a bigger position. Oh well... I guess I'll have to settle for being a millionaire instead of a multi-millionaire. See you all on the other side of the poverty line!
That shouldn't be too hard to see all the loans... its in the records and id assume its filed pretty well.
Hey Clay the old favorite WAMUQ broke the "resistance zone" bigtime... I'm sure the board would appreciate another chart.
Did anyone else see that .25 print?
If u look a the l2, most mm's are bidding 3 decimals, just the ones in the front of the action trying to hold it in a range are going to 4.
Good because that's exactly what I'm in at
right click ur l2 and hit refresh quotes, happens to mine all the time :)
I'm showing ARCA on the bid at .175 and not on the ask at all
I think ur lvl 2 is malfunctioning
GFGF macd crossover today. look for a run if this hits .12
WAMUQ is the best medicine... it provides money and happiness.
Based on the rest of the week, id say we should settle with a bid of .218-.2195 and an ask of .22, and right before the end of the day we should get to about .225, but based on the fact that we're i n a blue sky breakout, anything could happen.
You had a year to get in, no excuses
Any new people looking for DD on the status of the court cases:
- FDIC and JPM attempts to invoke FIRREA jurisdictional bar: denied
- FDIC and JPM motions to stay two adversary proceedings or remove to D.C.: denied
- WMI Rule 2004 motion to examine JPM: approved
- JPM motion for reconsideration of Rule 2004 motion approval: denied
- WMI subpoena of JPM for Rule 2004 documents: served
- JPM motion to dismiss WMI's 18 counterclaims: denied
- JPM attempts to categorize the two adversary proceedings as non-core: denied
Anyone new people looking for DD on the status of the court cases:
- FDIC and JPM attempts to invoke FIRREA jurisdictional bar: denied
- FDIC and JPM motions to stay two adversary proceedings or remove to D.C.: denied
- WMI Rule 2004 motion to examine JPM: approved
- JPM motion for reconsideration of Rule 2004 motion approval: denied
- WMI subpoena of JPM for Rule 2004 documents: served
- JPM motion to dismiss WMI's 18 counterclaims: denied
- JPM attempts to categorize the two adversary proceedings as non-core: denied
The bid and ask is 18.5, but NITE has his ask at .195. ABLE and ETMM are asking .185.
NITE is on the ask; he's at .195!!!
read the whole thing, nothing there
that was my thought lol
GFGF just issued a notice of delisting.
http://ih.advfn.com/p.php?pid=nmona&cb=1253151279&article=39497406&symbol=NO^GFGF
Are they just changing to GFGFQ or delisting permanently and cancelling all shares?
It depends on
A) The mm's... if they see your sell they will most likely try to take advantage of it, but if they don't set the buy low then it is up to your broker.
B) Your broker... your broker has its own concession as to whether to give you the best price or not if there is a gap between the bid and ask. Some do and some don't.
Also, take note that you can cancel your orders and they will cancel before the market opens. That won't help you if there is a lot of premarket volume (I think, I'm not too sure how premarket works with pennies) but it could just save you hundreds of thousands of dollars.
http://ih.advfn.com/p.php?pid=nmona&cb=1253142071&article=39497406&symbol=NO^GFGF
Are they completely going away, or just switching to GFGFQ?
Oh I agree, if it's not September 2009 it will probably be September 2011. But look on the bright side: after 3 years the damages will be HUGE (copyright infringement etc. still adding up) and there will be 100% full restitution if wamu wins, not any $12-$36 crap. put those two together, and its worth waiting 2 years. It could possibly be triple digit value for the commons.
Even if we finish in the .16-.17 range weve been stuck in, we broke .18 and thats gonna look GREAT on the charts that we still have strength to break it after the pullback from .21, very bullish, and shows that the current flag pennant is breaking to the upside.
Anyone who thinks a stock could never go from .17 to $8+, consider this:
- Overnight, what is now WAMUQ went from 1.65 to .18.
- In a 7 day period, WAMUQ fell from a high of $4.87 to a low of .015.
$4.87 is 32,466% of .015. If we went up 32,466% from .17 we would be at $55.1933.
Just saying... anything's possible.
With technology at the state it is, we could all vote on every issue, and the majority would win. The only reason we have a leader is to carry out the opinions of the majority and because no order would mean anarchy, but thats not necessarily true anymore now that we have the ability to all rule on every issue.
Sheila Bair says she doesn't know how many more banks will fail in the future. Why doesn't she just look at the hitlist she keeps in her pocket?
Turned on CNBC and caught the last second of a commercial for "one year later: reflections from the street". Does it look to be anything good? I heard the words lehman and bankrupt so i was just wondering what its gonna be.
Walrath: "I hereby grant all JPM assets including every chase bank and all 14,000 ATM's, as well as JPM's bank account that was open in Chase at the time (since apparently buying a bank means you get the person's account) and all former Washington Mutual assets to Washington Mutual inc."
Oh yes... it will happen. Someone has to run Chase once JD is in the slammer.
...yeah i know its a pipe dream... but wouldn't it be cool? And with all the recent press coverage on corrupt bank takeovers this case is due for some interesting twists imo.
The short report is due tuesday, 9/15 right? does anyone know what time tuesday? before or after the bell?
Here are all the opinions ever issued by THJMW:
http://www.deb.uscourts.gov/Opinions/opinions_walrath.htm
Might be good for some of our legal minds to get a feel for her values.
WAMUQ l2:
Don't be surprised if it changes before open, it was .165 x .167 a few minutes ago.