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With any luck I think we could bring home the whole damn pig!
(And yes I got the irony :) )
ATVE looks great for a play this week. The ADX, RSI, and Accum/Dist all took a sharp turn upwards, and it had a very nice volume spike. Maybe somebody knows something we don't, or maybe a few investors just saw that we're bottomed out and couldn't resist jumping on it. Either way, it's good stuff for ATVE and will definitely contribute to a run in the near future.
ATVE chart:
Anyone with some legal experience wanna comment on REALtime64's post? If it's true that February is the longest this can go then that would definitely be very good news.
Where I live it's even illegal on the 4th of July if they explode. Damn drought...
$24 06/07/2010
If things seem like they could go that direction then I will bail and take my profits. Currently, though, EVERYTHING is going good for wamu and they have made some huge victories in the case, such as discovery. JPM currently has absolutely NOTHING to scare me. If I see them starting to win ANYTHING I'll consider the other point of view. Until then, theres really no reason for anyone to worry.
Well right now I'm up 70% on WAMUQ so its kind of hard to think about losing when I'm winning so much.
I was just about to yell at you until I read the second half of your last sentence. I don't know who the 4 billion technically belongs to until the ruling (I'm pretty sure it's JPM), but I have no doubt that whether already in their assets or not, the 4 billion ruling would be a huge victory for wamu and it would vastly increase investor confidence. That ruling alone could shoot us up several dollars if the news picks up on it or if big investors see it. I know several big institutions that would put at least $1 million in to wamu if it looked like they were going back up to dollars. Can you imagine what just over 6 million shares (1 million dollars at the current approx. .165 pps) would do to the pps?
NITE keeps stepping in the way for no reason, bt were making some nice sales today. i think the news could set this off once people see it.
ClayTrader:
"We need to hold this .125 area for this to be a true run. If it manages to break past this area again (.165-.17)... well... we'll cross that bridge when we come to it."
Hey Claytrader we're ready to cross that bridge now so go ahead and pull up your fancy shmansy charts and give us some of that there technical analysisification.
Did anyone see that? Someone just bought atleast 500k at .175
NITE seems to be forcing .17 consolidation. That's fine with me, as long as we're getting green days instead of filling the gap on the 100% spike several days ago.
That pullback was total MM manipulation. we were at .18, last trade .18, and NITE drops the ask to .179. .179 was getting ripped apart, no sells in sight, and NITE drops the bid again. BOOO!!!!!
18 FREAKING CENTS!!!!
.17!!!!
WAMUQ upticking like crazy and we haven't even opened yet!
.1425 double bottom from today and yesterday. if we hold tomorrow could look nice.
Page 15 task code 16100
"formulation of a chapter 11 plan and term sheets relating thereto and relating to the potential resolution of outstanding disputes with JPMorgan."
he's obviously just quoting someone else saying they had inside information because afterwards they said they think its gonna fall to .1, two contradictory statements
Hey everyone go to google and type ihub. Look at the first result :)
Frankfurt exchange new high of day
Whys the Frankfurt down? Anyone think this is an indicator of todays action?
stupid question, i think i know the answer but just wanna confirm:
If we get JPM shares, does our year start over as far as needing to hold for taxes or not?
Here's why I don't assume The shorts will cover until there is a leak:
Okay, I have no idea how much this stock was or anything, i just know everything from may on, so im gonna make figures up just to give you a picture.
Okay, lets say stock XXX is $15 per share, and someone shorts $100,000 worth of it. Now stock XXX goes down to .02 per share. The person has a 99.866666667% profit, or $99,866. Now lets say that stock XXX goes up to 1 dollar per share. Now the persons profit is 93.3333333333%, or $93,333. This person is only losing $6500, which is not much if they have the 100,000 to invest in the first place, and definitely not much with the near-100 grand profit they made on top of it. Many of these people are going to be in it until we hit a few dollars or we settle. Why didnt they cover at .02 and take almost as much profit as if wamuq disappears? beats me, but the fact is these people are greedy, and until they have a reason to believe wamuq is gonna win they will keep their stubbornness and their pride. if these people were worried about swings they would have covered when we went up 700% in a few days several months ago. The people that are left are either stupid or insiders, and either way they won't let go of their shares easy.
If WAMUQ was higher - say $100 per share - us going up to one dollar would have even less effect on profit.
If WAMUQ was lower - say $2 per share - us going up one dollar would have a much more substantial effect on profit.
I don't know about any of the illegal shorts, but none of the approx. 56 million have covered yet during this spike. This doesn't really help anyone, because on the positive it could mean short cover to follow, and on the negative it could mean insiders know this is just a LEHMQ follow-along. Either way, the shorts will undoubtedly play a key role in whether this flies or falls this week (although shorts will have no effect long-term), and I'll have a window open on shortsqueeze.com tomorrow refreshing every half hour to see if we're starting to cover the shorts.
http://www.shortsqueeze.com/?symbol=wamuq&submit=Short+Quote%99
SPNG IS RIGGED!!! We're number 1 and all of ihub knows it!
PERT is today's NITE. Someone in PERT is REALLY trying to force the price down. in fact, the ask is constantly lower than the bid, which just doesnt make sense. anyone else with level 2 probably noticed this.
If we break .15, I am fairly certain we will make it to .18. If we break .18, I have no idea what will happen but if the shorts start to cover... well... lets just say I'll see you in Vegas.
Purely from a technical standpoint, .146 and .18 are big resistances, and after that no resistance until almost 2 dollars. Also, the accumulation and money flow have taken a sharp turn upwards. While this doesn't say anything about whether there was news, it does tell us that Friday's volume was not day traders, but rather people desperately scrambling to pick up shares.
news: settlement with a twist. WAMUQ gets preferred value. Thats right, all WAMUQ shares are now worth $1000!!!!!
Oh man... I'm gonna get hell for this. *raises flame shield*
At least now we've settled in the .1 range instead of the old .09 range. We're moving up slowly but surely, with bursts that effectively raise the pps permanently so far every several months.
zero shares on wamkq? thats big imo
Picked up some shares today at .0006. Didn't think my order was gonna go through but I'm glad it did cause it looks like were bouncing again :)
http://www.shortsqueeze.com/?symbol=wamuq&submit=Short+Quote™
another 200k of the "officially shorted shares" are history as of Tuesday. Let's see if today can push out any more.
There is so much wrong with that post. I don't even know where to begin...
Someone alluded to estate in an email and thats his basis as to why he believes the commons aren't getting paid?
There have been much larger percentage increases in the stock market overnight, and certainly over a 90 day period.
Post and Pre seizure makes no difference.
the list goes on and on...
even though thats true, the share price will most likely hit the settlement price or close to it before settlement, assuming they don't freeze trading.
LMAO JPM and FDIC were supposed to be in it together,an now they're pointing the finger at eachother! This is getting interesting... obviously wamu's winning or jpm an fdic wouldnt be trying to shove blame around between them.
All I know is the chart told me to get in yesterday at .001, and now im sitting with 20% profit on the bid and 30% profit on the ask, with the last price being the ask.
WNMX intraday annotated chart
http://img33.imageshack.us/img33/4195/wnmxchart.jpg