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Yep.. it's great news. And we should see a few more articles this week.
I'm hoping this will be an exciting week... it certainly started out right. The year started off right off right for that matter. Jeez.. '09 ended right as well! LOL
Quite possible. They might be reacting negatively to Weil's motion. It will come back strong though.. maybe today maybe tomorrow.
Based on the EC news, whales will focus on the PFD's. Retail will hit the commons.
I sit tight on my PFD's (mostly P's) but I do hold a good stack of commons to flip in the event they do spike.
Looking at other stocks that got an EC, it seems they (common's) dipped after the EC was formed then slowly climbed much higher over the next 1-2 weeks. I haven't looked at any other PFD examples.
And they mention the junior bonds and commons but not the preferred's! Gee... I wonder why. This will be denied.
And we should be getting Dec '09s before the 28th hearing right?
I hear you. The last pop is the only one I expected and had happen. It pops when we don't expect it and doesn't when we do.
That a big reason why I do not flip any.
I'm just trying to work out why the huge volume is not here yet. It could show up at 1PM, 3PM etc.
I don't think so either, but WMI succeeding is still a risk. The market might be waiting.
I'm not writing off an explosive day for today though.
Good point.. quite possible. I would think WMI would make a filing sometime next week to dissolve, if they intend to.
Very true. If people didn't like Rosen's comments before.. wait until what they say to try and dissolve the EC. Some people might get really shaken.
That will be a volatile day because the PPS will bounce right back.
All IMHO. I think the first official meeting will be following the 1PM meeting. The EC will be official on Monday. But news of it might not come out until after 4PM. That's why I say Tuesday for volume.
One thing is for sure.. the EC formation will set a new low bar for the PPS of all WMI equity stock. And that bar is well above where we are right now.
Yep. And volume could still further be waiting to make sure WMI is unsuccessful at dissolving the EC.
I don't think I'll be going. It is a really important event, but unless one makes it on the committee I don't think much will be said.
I'm sure they already have the committee pretty much worked out.
Perhaps the big volume doesn't come until Tuesday after the EC is official.
I won't share my tips though! LOL
EC forming, DC deferring to DE; do I smell an SJ ruling coming?
If the 1/11/09 meeting is open to all shareholders it might be nice to sit-in and see what transpires in person. Hmm..
Yep.. I'm watching it as well. People have no idea of the tsunami coming to WMI! We're lucky as we get to watch it swell.
I'm going to guess all classes fly at 1PM and we finish very strong at 4PM.
I don't want to discourage you from trying. But you would be privy to inside info. Hence restrictions.
I wouldn't want to be on it. You'll probably be restricted from trading WMI. And you won't be able to talk about WMI.
"Sir, we generally discourage employees wearing hats to work. But why is there an antenna poking out the top?"
I think I'll go apply for a job as a waiter.
Yep.. T-Mobile. And I use Google Voice integrated into the phone so I can care less what my monthly minutes actually are via T-Mobile. With an unlimited data plan I have unlimited minutes using Google Voice. Plus I tether the phone to my laptop for unlimited mobile internet access at no extra cost. Not bad for $86/mo.
Keeping on WMI topic.. this helps with all the court hearings.
You're welcome to call me any name you like.. just be sure to add one thing.. preface any name with "rich".
The tide has come in on WAHUQ; it's beginning to fill the K&P bay; and will soon raise all the boats in the WAMUQ harbor. Get the sand bags ready.
And before you say it.. no.. this is one tide that will not go back out.
It bodes well for P's and K's that the H's are paid for. We're watching the tide roll in for the P's and K's.
OT: My Google Nexus One will be delivered today and CES isn't even over. Can't wait to try it!
Ok thanks. The fix didn't show in my ETrade Pro. Looks like it will be another great day!
Now we take a break. Let profit takers take theirs now. Time for Lunch. We start going up again soon.
They tease me! LOL
Same here, I thought we'd see $100 around Friday. We're in new uncharted ground for us non-Wall Street investors.
Same here.. but in relation to my own 'day' job income. Each day I often gain or lose many times the principal amount in the accounts. It is surreal.
I currently hold all classes, but 95% is in P's. I will have no plans to sell a single share of anything. I'm not going to even attempt arbitrage. I don't want to risk getting caught on a sudden move.
P's will pop to $100
And so I get one predictions correct.. the sun will set tonight.
I'm watching. And of course the P's B/A sits to make me a liar. LOL
P's and K's follow each other. K's are cheaper per share and therefore trade easier. As the K's move so goes the P's, even with no trades the P's B/A will move soon after with K's. IMHO.