is enjoying a new career in health care
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NEXM- Chart : Here's another view, both look exceptional
NEXM Chart - Last week was outstanding
SOMX (chart below)-What do you guys think about this one?
What a candle! Nice catch M7
HGSI- looks like I missed an opportunity to buy back in on the pull back- I'll set an alert on this one for a chance to buy again!
NEXM- I tried to grab a few more yesterday at the LOD but they wouldn't sell them to me. I had an open buy order for 30k but it never filled. I'll be watching the chart and volume -my initial lot is green but would like to add more!
Thanks Laura, it's good to be back! Now, it's time to make some $$ with you and everyone!
Thanks! It's good to be back on the board!
Thanks Jeff, I couldn't imagine calling any other board 'home'! I'm glad to be back!
Thanks for the nice reception back to the board! I've been quite busy 'outside' the markets but have definitely felt the pain in my 401K. I hope things turn around but I'm very conservative in my perspective since this could pull back again very easily. Hope you've been doing well and making some $$
Thanks JK! I've missed all of you and the board. I will have some cash for swing plays throughout the year but a majority of my severance (old job) will be going to long term (2-4 years) investments. Hope you've been well and thanks again for the welcome back!
Thanks Nate, I'll be happy to be back with you and the rest of the team! My severance checks (from old job) will arrive in 45 days so I will be buying with both fists. Any suggestions on long term investments (2-4 years) will be appreciated!
Thanks again and it's great to be back!
Thanks, Things are a little more stable now. I should be back on the board a little more often now that I've moved and started my new job. I hope everyone has been surviving the insane market turmoil over the last 6 months.
They now have until January 9, 2010 to meet the 1$ minimum trading requirement.
http://biz.yahoo.com/e/090324/nexm8-k.html
"However, because Nasdaq has suspended enforcement of this requirement until July 20, 2009, as of its announcement on March 23, 2009, the Company now has until January 9, 2010 to meet that requirement."
"Additionally, Nasdaq will provide notice that the Company's common stock will be delisted on January 9, 2010, unless the bid price of the Company's stock closes at $1.00 per share or more for a minimum of 10 consecutive business days prior to January 9, 2010."
It had a great day, will be watching for a news release and/or filing to explain the volume and pps spike today. Best of luck to you and the board!
Breakout! NEXM +60% (chart) anyone have info on news for the surge?
NEXM Breaking out up 50%
NEXM +50% and running (link back for chart)
News- WaMu Sues FDIC FDIC for over $13 billion (see link)
Restitution is the only answer for those of us who lost in excess of 1.8 billion $$
http://www.sidedraught.com/stocks/WashingtonMutual/WMI%20v%20FDIC%20Complaint.pdf
http://www.reuters.com/article/marketsNews/idINN2153132120090321?rpc=44
STKL chart looks like you're close to the top
Just trying to keep everyone informed of news...I'm not providing an opinion or perspective
HGSI dropped to .86 glad I sold earlier....Just as you did (and know) taking profits is always the wise approach!
NEWS - WaMu: Lawsuit update and Feds searching for fraud
http://seattletimes.nwsource.com/html/businesstechnology/2008878031_wamu180.html?syndication=rss
Top feds scouring WaMu files for evidence of fraud
Since the collapse of Washington Mutual, a grand jury has been convened and federal agents and prosecutors have been interviewing WaMu officials and combing through a staggering number of documents as they advance an investigation to determine if fraud played a role in the bank's demise.
By Mike Carter
Seattle Times staff reporter
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Washington Mutual was seized by U.S. regulators in September of last year in the biggest bank failure in the nation's history. Federal agents and prosecutors are investigating whether fraud played a role.
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ROBERT GIROUX / GETTY IMAGES
Washington Mutual was seized by U.S. regulators in September of last year in the biggest bank failure in the nation's history. Federal agents and prosecutors are investigating whether fraud played a role.
New York Attorney General Andrew Cuomo
New York Attorney General Andrew Cuomo
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Federal agents and prosecutors are interviewing former Washington Mutual officials and combing through a staggering number of documents as they investigate whether fraud played a role in the largest bank failure in U.S. history.
A grand jury has been convened, and at least four of the most experienced complex-crime prosecutors in the U.S. Attorney's Office have been assigned to the probe, according to multiple sources.
The probe was announced by the U.S. Attorney in Seattle three weeks after the collapse of Washington Mutual last fall. Despite the official silence since then, interviews with federal law-enforcement officials familiar with the investigation show there's been plenty of activity behind the scenes.
Assistant U.S. Attorney Bob Westinghouse, who heads the office's Criminal Division and is its most senior prosecutor for white-collar crime, is overseeing the investigation personally.
He would not discuss specifics but said the probe is shaping into one of the largest and most complex ever undertaken in Western Washington.
"The sheer size of Washington Mutual and the inherent number of employees and documents involved make such an investigation a challenge, no question about that. There are literally hundreds of senior-level employees," he said. "We are using the tools and resources we have available to us to make this happen sooner (rather) than later."
Washington Mutual was seized in September by the Federal Deposit Insurance Corp. (FDIC), which stepped in after WaMu, weakened by deepening red ink on mortgage loans, lost nearly $17 billion in deposits in nine days.
JPMorgan Chase of New York bought the banking operations for $1.9 billion.
The remainder of WaMu — the Washington Mutual Inc. holding company and its investment operation — is in bankruptcy.
Like many other lenders, WaMu was seduced by the lure of huge profits from making subprime mortgages and other risky home loans. The bank sold many bundles of securities based on such loans to other financial institutions. If it turns out that company officials misled investors or federal regulators about those securities, that could be one basis for a criminal case.
Westinghouse said the probe will examine whether any events leading to WaMu's demise "were the result of obvious criminal wrongdoing."
Such investigations can last for years and don't always result in criminal cases. Westinghouse said he spent "at least 18 months" investigating the near-collapse of Seafirst Bank in the early 1980s after a sketchy loan portfolio forced its sale to Bank of America. No charges were filed.
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The WaMu team has set up in a conference room in the U.S. Attorney's Office in the Federal Courthouse in downtown Seattle, where agents from the FBI, Internal Revenue Service and Securities and Exchange Commission are combing through thousands of documents, many seized at WaMu's downtown headquarters the day U.S. Attorney Jeffrey Sullivan announced the investigation
The October announcement itself underscored the significance of the inquiry — federal prosecutors usually don't publicly announce such investigations. Since fall, the Justice Department also has announced it is investigating the failures of IndyMac Bancorp and Freddie Mac, as well as mortgage giant Countrywide, which issued billions of dollars in risky loans.
New leads from lawsuit
A crucial part of the investigation is the evidence and witnesses beginning to emerge in a massive class-action lawsuit by shareholders against WaMu and its officers, which is playing out in U.S. District Court here. The so-called "multidistrict litigation" before U.S. District Judge Marsha Pechman combines 22 individual lawsuits alleging WaMu violated securities and pension laws.
The lawsuit runs to nearly 500 pages and quotes more than 90 unnamed "confidential witnesses" — including some identified as mid- and upper-level WaMu managers — who allege Washington Mutual lacked risk management, demanded that appraisers inflate home values to justify larger loans, and used "dangerously lax" underwriting standards.
Two sources involved in the nascent federal investigation say prosecutors are interviewing some of those witnesses, after obtaining their identities from plaintiffs' attorneys.
Brad Keller, a Seattle civil attorney who is acting as local liaison counsel in the multidistrict case, said he wouldn't comment about communications between plaintiffs and prosecutors.
Prosecutors also have contacted the New York Attorney General's Office, which in 2007 sued eAppraiseIT, one of the nation's largest real-estate appraisal companies. The lawsuit alleged the appraiser buckled to pressure from Washington Mutual to inflate home values so the bank could make bigger loans.
New York Attorney General Andrew Cuomo said the only reason he didn't sue Washington Mutual is that he lacked jurisdiction — regulation of banks and savings and loans falls mostly to the federal government. eAppraiseIT and WaMu have denied wrongdoing.
WNC time for a 2nd bounce?
HGSI Out with a +28% profit on a 4 day swing. Thanks for your feedback and the chart Fringe.
Taking profits is always an excellent strategy. I made 28% on this 4 trading day swing....now looking for another place to park some cash for a few days and another swing
HGSI is +27% for the day .93
You sold your HGSI before the CC? It's up 27% and is now .93
HGSI Rocking +27% .93
HGSI +13% .83 broke through .80 resistance
HGSI about to break your .80 level
HGSI indicators spiking up in the last few minutes! Looking forward to Wednesday and the CC.
All the best to you and the board members!
Jumped in HGSI on Friday for the bounce before Wednesday CC
Link back for chart
Congrats Laura, great call!
STKL up 25% for the day -link back for chart
BAC nice swing for the day +20% profit - Hope everyone on the board had an exceptional day!
BAC what do you think about the gap between the 9th & 10th? Will it fill or will BAC continue the break-out?
Obama Administration To Subsidize Mortgage Mortgage Payments after some sort of Means Test. Fannie (NYSE: FNM) and Freddie Mac (NYSE: FRE) will help with this effort
http://www.reuters.com/article/ousiv/idUSTRE51B6B620090212
Keep an eye on these two since govt. backing and funding should strengthen fundamentals and pps.
NEXM +20% continuing the uptrend on a -200 DOW day...
Thanks, Hope a few on the board can make some $$ from it!
All the best to you and the board