waiting for $20 for commons
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Yeah, but I'm sorry this guy is unbelievable we are not living in normal times and the good old USA..
He is prepared to do anything and that's why this economy stinks because no one trusts him and anyone with any sense is sitting on their hands and their money and waiting for 2012.
Who in their right minds is going to invest and expand in business when this guy is capable of doing anything ala Venezuala.
R u kidding..Bailing out newspapers now..
In that post you said $1 MAY be decision time and all or nothing?
Why would I sell at a $1 without a decision on the BK? Sorry that makes no sense to me. I'm BUYING all the way up to a $1 but I'm not selling. If this goes to a $1 by itself then we're going to see EVEN GREATER MOMENTUM when WAMU emerges from BK. My feeling therefore would be that $1 would then turn into the low AND not the high.
I can understand the sentiment to perhaps take a profit at $1 but without this case closing I think you'd be selling yourself short and perhaps regret it a few months later.IMHO
Having said that, Im now signing off and waiting for early Monday with eager anticiation, money at the ready to steal some early WAMU stock hopefully at 0.25...
I've been doing a lot of research, reading etc the past few weeks. Reading the profiles and the awards of the lawyers, reading the arguements etc etc
I look at both the legal and human side to this and I am 100%convinced that WEIL is not going to be playing golf/sailing with his buddies a year from now and saying.. 'oh i managed to get the asking price that JPMC originaly offered WAMU ($8)' NO, NO, NO my friends.. He is NOT that kind of guy and would not have taken this case unless he knew he could win AND it would enhance his and the firms reputation WORLD WIDE!!!
I think we're looking both at the LAW and an attorney who knows his stuff, knows how to apply it and WINS BIG for his clients..
I feel a little guilty allowing myself to dream but 3x book value ($24) either in cash and/or share swop seems within the scope of possibilities based on what we know and what's been admitted by JPMC.. We've seen a certain poster for months remind us week in and week out that 3x book value AND I think he's right!!!!
I said this was going to make american banking history and those numbers near or above would probably do it.
Ending numbers this week? Impossible to predict.. STOCKS with very little news can easily see rises of 200%-300+% this one however has so many positive possibilities, is unique in nature and therefore there's no precidence and it could end up anywhere.
Has ANY BANK in American history BEEN SEIZED and sold in this way??? Not to my knowledge.. Therefore like I've said before the SETTLEMENT (presuming WAMU win) will be astronomical!!
Hey, we could wake up in the morning with $10 cash and a 1-5 stock exchange, who knows???
IMHO, this news has started to reach way, way more people and those that understand BK law and those LUCKY enough to have been WAMU customers and stumbed onto this board (like me) are in awe of the intelligents and DD provided by so many great people here.
The last sentence in this document http://ghostofwamu.com/documents/09-50934/09-50934-0163.pdf clearly suggest some decision is going to have to be made either before (between the parties) or on omnibus day... The judge is surely going to have to award the $4 billion this Friday as a start. JPMC has clealy admitted it doesn't even belong to them and that WAMU was solvent... This is just crazy, crazy that it's dragged on soooooo long. It's an pen and shut case.
You STEAL MY STUFF = YOU GET CAUGHT AND PAY + HOPEFULLY U GO TO JAIL!!
I think the sh-t is going to hit the fan after reading this document.
FABULOUS DOCUMENT POSTING... FOLKS, just read the preliminary statement (starts page 11) http://ghostofwamu.com/documents/09-50934/09-50934-0163.pdf
and then go BUY some more WAMU on Monday.. This case is ready to be closed and stock to explode!!! IT'S THERE IN BLACK AND WHITE...READ AND UNDERSTAND
I keep imagining seeing $24.70 NOT 0.247 on IHUB am I seeing the future???? lol
Okay.. Time for some dark chocolate, a glass of red wine and rest and relaxation. Monday should be fun as should the rest of the week, it's going to be fascinating and hopefully extremely profitable... I'm going to try and catch a few thousand early at 0.25. Frankfurt numbers should be interesting before we open here.
Absolutely 'KNEW' an admission of 100% GUILT!! It's in the record for the entire WORLD to read and see and THAT'S WHY we're seeing this new upsurge in price and interest. FINALLY people are paying attention, slowly, drip by drip the news is reaching people.
ANYONE with some spare cash, time to read and understand what's going on is GETTING IN.
I hate to put a number on it, but if justice truly does prevail and this is proved to be the BIGGEST BANKING THEFT IN WORLD HISTORY then we could see that $24+ with cash and shares and who knows maybe even more..
Hate to repeat myself but I'm just not convinced WEIL is going to accept some measley low ball number like $8+ that doesn't even get noticed. After all we ALL know that's what was offered before... NO... They want to WIN and WIN BIG!!! That's their reputation and that's why they were brought into this case.
I'm buying all the way up to $1 THEN AND ONLY THEN will I take a breather and re-think my BUYING position... EITHER WAY, I'M NOT SELLING ONE STOCK UNTIL BK JUDGEMENT DAY and the gavel goes down and the words, case closed..... 150 billion dollars awarded to WAMU..... Damages and Compensation!!! Bailiffs arrest JD lol
Think SUPPLY and DEMAND... Control supply.. CREATE DEMAND...Pretty simple concept really...BUY-BUY-BUY - BLUE SKIES UP ABOVE...
Not only am I convinced (as stated before) this settlement/award is going to shock and startle the banking world but we WILL see criminal proceedings (ala BOA)and heads will roll...
Great Research and DD shows you what happened in the past and what's likely to happen in the future..
At pennies, this stock is a steal and that's why we're seeing incredible interest and incredible buys.. Didn't we see at Fridays bell 1 million for a buy @0.25 for $250,000!!! Come on I don't care how much cash you've got that's a ton of it to gamble on a LOSING stock, so no one does anything that stupid!! They know this is a gamble with HUGE upside potential and little downside... NEWBIES TAKE NOTE -PEOPLE with BIG money are BUYING!!
Next week let's not all be too surprised to see 200%-300%+ by the time we get to Friday.
We may not get to Friday if my sauces are correct!!!
Either scenario for me pleeze...
I'm NOT SELLING EITHER WAY!!!
Hey usual how u doing?
Like this recent chart don't u??? We may get to eventually meet in Vegas, maybe even this year...
I'm thinking Ihubbers should all do new years eve vegas style with diamonds $12++++. Maybe we'll get diamond a suite!!!
GOOOOOOOOOOOOOOOO WAMUUUUUUUUUUUUU
IMHO: No more WAMU name (too tainted in the publics eyes) but we come out of this in great shape with retail branches of Wells Fargo on every street corner in the USA!!!(JUST A HUNCH)
Hence those two bank accounts that are still a mystery...
Great name recognition and ready to be snapped up by GS
Okay this is the real common sense post unlike the cashgrinder who knows someone who knows someone who knew someones father!!
Unless there's a leak that there's NO settlement before the omnibus or there's going to be bad news coming from it, this stock is headed only one way and that's UP-UP-UP!!!
Look as I said before who in their right mind (if they learn about WAMU) isn't going to gamble on a 0.20 share if the rewards are according to cashgrinder ONLY GOING to be $1.50
The more people that know about this the more we're seeing this stock move because ,crap if I buy 25000 shares for $5000 and they go to $1.50 (according to cashgrinders friend of a friend of a friends father) hey in my world that's $37,500!!! I've just made $30,000+++!!!
mmmm...Seems like a bargain to me!!!
GET 'EM WHILE U CAN!!!
Do some DD, But look at this way...There's really no gamble here if you're sesible..
If you buy the family 4 Big Mac meals it would set u back about $24 AND 10 minutes later it's all gone..
On the other hand you could buy yourself 120 shares tomorrow at 0.20 and if diamonds right and we get $12+ you'll be able to take the family to a fancy shmancy restaurant with $1,440!!
Do u feel lucky?
Thanks for your passion and your education. You inspired me to get into this after doing my own DD (along with a few others here).
I hope your assessment about the $12+++ is close or we can even repeat the healthsouth model..
I personally have said all along that this will surprise us all when the smoke clears and the money or stock is on the table. I'm just not too sure Weil is prepared to take any prisoners after he's seen the incredible injustice done to ALL shareholders.
He wins big, big awards and this is probably one of the most deserving he's ever worked on.
I said in my post yesterday that 0.20...and even a $1 was cheap if you believe where this is going. If you think we'll even be awarded 1x book value at $8.. This price is a once in a lifetime opportunity..
Tell your friends, your loved ones and those you care about to gamble what they can afford to lose and get on board. Tell em to give up drinking and smoking for a week and buy a few hundred shares, this could change many, many lives
Good Luck to ALL...
DEALS DONE.. Crack open the Champagne...
Of course it could just be a glitch lol
BREAKING NEWS.... Subpoenas issued by District Attorney in New York to 5 BOA directors about Merril Lynch takeover!!!
JD is hiding under his bed sheets tonight, waiting for a knock at his door.. IT'S COMING....
BUY 'em while you can who knows what tomorrow may bring???
Does this make any sense..
Recent 'good' media on JPMC etc, designed to build up their stock to a level that will continue entice more buyers to them and their strength..
When the hammer falls on them from the BK case they turn around and say 'hey we underpriced WAMU and have been FORCED to pay more but it's still a great dael for us because we get their banks, etc etc and look at our share price we're in the xxx???
Perhaps their share price dips BUT then again perhaps the market already realizes their going to lose the BK case and have built that INTO the current JPMC price. TOO BIG TO FAIL etc
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... 20cents 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
WEIL NOT going to SETTLE for less than pre seizure numbers plus HUGE compensation etc otherwise what's the point of all this TRIAL etc???
I stole your car that's worth $20,000 and I was found guilty of doing that, but was told I only have to give you $1000 back for it? er, I don't think so.
WAMU's attorneys would be pretty lousy in that case. Me think they're going for the jugular here and I re-submit this is going to be WAY BIGGER than we anticpate.
Great point.. If we snail up a penny each day we'll be at diamonds $12 by about 2011!! lol
1000%
I'm hoping for it BIG TIME.... BUT which car to buy that's my problem.. lol
The deals done.. AND EVERYONE IS SO SHOCKED AT THE PAYOUT IT BROKE THE SYSTEM.. aaaaaah what a lovely dream pleeeeeeeeeze be true!!
Forget Michael Moore, find a real truth teller to send the WAMU articles too... People will listen
Tuesday, September 15, 2009
By Terence P. Jeffrey, Editor-in-Chief
Never Reviewed by NYT or WashPost, Mark Levin's 'Liberty and Tyranny' Has Now Sold 1 Million Copies
Without ever having been reviewed by either the New York Times or the Washington Post, Mark Levin’s Liberty and Tyranny: A Conservative Manifesto has now sold one million copies, according to its publisher, Threshold Editions
'WE THE PEOPLE HAVE HAD ENOUGH - 'THE CIVIL WAR HAS BEGUN'
IMHO.. If we don't settle BEFORE the sept omnibus it's just going to be another day of dissapointment and questions why, why why?
Then all postings will be speculating about the next omnibus..
THIS IS THE TIME.. We all know it... If anything is going to happen REALLY BIG it's all aligned for this month.. If the WAMU attorneys who some think have been in settlement talks since April can't close the deal now, then I think we're heading for court and years of this crap..
This run up feels similar to last month as many anticipate something MAY be happening. I'll take it, I personally added more yesterday.
Hey if we just get the old deal of $8 per share, who wouldn't buy even at a $1 since we may settle any day..... mmmm 800% profit.. NICE ;)
Michael Moore lol..
That a-hole?
A man that derides the USA healthcare system but uses the best health care system in the world to keep his big fat body healthy.
Derides the military who leaves their families to protect him and this great country of ours.
Derides capitalism while all the while living in a mansion and making millions from his propoganda movies that fools like u make him rich from!.
That Michael Moore???
Oh yes, he's sure to make an accurate movie about WAMU....NOT!!!
BUT what if TGP gets paid off in a different way??? Back room deals????
and they're going to do what EXACTLY?
SHE'S not even willing to put pressure on and award the 4 billion... when she does that perhaps i'll start being convinced
yeah he's too busy commenting on racist white police officers who helped his friend or making comments about Kanye West.
This loser is way to busy to worry about the biggest theft in american banking history or maybe a war in Afganistan that since he took charge has killed almost 1000 americans..
get 'em while u can!!!
any price under a $1 looks cheap!!!
Have been trying to fill 50,000 @ .17 still waiting
Ace45.. You r soooo right my friend. I've read lots of predictions and excitement about the possibilities of big pay outs (I want one 2) BUT I havn't seen one piece of hard evidence to say JPMC are throwing in the towel and are ready to settle. Far from it, they seem content to push and probe for any option to continue on and NOT SETTLE..
Which leads me to wonder why the judge hasn't come down on JPMC and awarded at least the 4 billion to WAMU.. That would seem an easy decision if she feels WAMU has proved their case. Now some here might say she's waiting for the parties to reach an agreement. If you remember we said that before the last omnibus (nothing happened).
I'd like to believe we're going to have great news this month, but I think the arrogance of a company that thought they could get away with the original deceit is lead by the same arrogance that will take this all the way. They may want to roll the dice (as u said like OJ).. After all, if they lose in court, it's only going to cost them money (perhaps a little more, perhaps even a little less), so why settle???
WAMU attorneys are going to have to PROVE their case....Perhaps JD likes his odds...
Since the vast majority of posts seem to believe good news is coming this month (and I hope that as well)... If by the end of this month nothing has materialzed can we also presume that we're in for a long court case perhaps leading to the Supreme Court??
Has there been anything conclusive in the past couple of weeks to point to showing JPMC has given up the fight and thrown in the towel? I agree that you'd think JD wouldn't want discovery etc but history is filled with people who thought they were above the law until they were brought down to earth.
What's the news in Frankfurt this morning???
Easy answer..
He wants to know what's in it for him to protect the administration and rule against WAMU!!!
This is hardball!!!!
mmmmm A chance at the Supreme Court or voting in favor of WAMU???
Perhaps on 9/11 instead of worrying about ourselves and getting some money we should bow our heads and think about the INNOCENT moms, dads, brothers, sisters, uncles, aunts, grandmas and grandpas that were MURDERED by arab islamic extremists who came to our great country and simply slaughted them.
uzual..you seem very upbeat about this...How u doing?