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I am sorry I won that bet....KL has done this time and time again...this is his personal cash cow IMO...investors have nothing to gain here...only the players win on stocks like this.....take care and I hope you can at least minimize your losses....
this stock is acting similarly to the last time it reverse split, hanging out at 2/3...take your money while you can, ol' KL is about to pull the wool over your eyes again IMO....
there are plenty of shares to buy, I will gladly sell you mine for $26 per share
My guess would be when WAMUQ gets awarded the 4B, they will also get the interest since it was their money to begin with. If wouldnt be fair and just to let JPIG keep the interest earned. Just my thoughts.
It means "buyer is broke,spent last $61 on WAMUQ"
Tim
my heart jumped!! lol!!!
agreed, the MACD is turning back up and WAMUQ is waayyy oversold, upturn coming IMO
good luck and welcome aboard!!
Money, I already have a good chunk. At these levels, where else can you buy a bank stock at these prices? If we win in court, and there have been many indicators that continually point in a positive direction for this to happen, this stock will be a LIFE CHANGER for many of us. Based on pre-seizure levels and posted debt and assets, combined with any potential punitive damages can could be awarded, I believe a ballpark figure for the PPS could potentially be $12-$22 a share, depending on the size of the settlement/award. Either way, a life changer nonetheless. To me, I would rather lose a little bit of money and say I tried rather than wake up one day after trading is halted and then it resumes again in the dollars and say "Crap, I could have paid off all my bills!"
No one knows how the judge will rule but if past rulings are any indication, I say it looks good for WAMUQ but that is merely my opinion. I know many here feel the way I do. GLTY and whatever you decide to do.
bravo survivor Spain!!
Dont underestimate KL, he is the KING of non-substance....
i will take that bet. IF there is one and I say IF, it will be fluff, no substance......you heard it here first
but when you are talking about BILLIONS....what is a couple million? I would think these guys would negotiate a percentage of the settlement rather than hourly billing. We may never know.....
and what are those reasons? I am interested.....
Elephant Bar? in Erie PA?? lol....used to go there years ago....i need to revisit i think...
Laz, appreciate the synopsis of the situation. I was in this stock a few years ago but it seems things have changed for the worst. I liked the business model, tapping out old wells, what a great way to scavange barrels of oil! There is potential here I think, but not if the company and its owners dont communicate with the shareholders.
I appreciate your presentation of the company info and happenings(or lack thereof). This COULD be boomtown, I will put this on my watch list....thanks again
Tim
no news or anything? does Rafael still own this thing? It is hard to tell by the IBOX because it is so out of date....either that or the company hasnt put anything out in recent history
Good morning! Agreed, MACD does appear to be on the upturn. But seeing that it IS Friday, anything can happen. Fridays are the most unpredictable trading days of the week IMO. I loaded more last week and this week. I am set for the fireworks.
the lower it goes, the more i buy
does this thing still have a pulse?
You too amigo. And the best part is that we will never see it coming! Halt one day, reopen the next, then I retire!
this stock is a black hole, you will never get any REAL return...just look at the stock's history. Trade this to make $$ if and when you can but dont expect GOLD or anthing else. A leopard doesnt change its' spots. This stock has been a POS for years, regardless of the current "business" they happen to be in. Check pink sheets and the history. It is truly enlightening.
I can be VERY patient to get a 70X to 140X return on my investment! I am confident that justice will prevail. JPM and the FDIC are running scared and buying time whatever way they can. It is almost like watching the Keystone Cops!
Dan, outstanding DD! THANK YOU!
If you are in this and watch the daily PPS, you will drive yourself nuts in a very short time. Trade-halting is why I am in this....the lower it goes PPS, the more I add and the sooner I get to retire when she rocks!!
ths quote says it all...
After gathering information over the past 13 months and submitting more than 100,000 pages of documents to the court, JPMorgan cannot produce a single witness to testify that it owns the funds in question, Elsberg claimed.
GM all.....
it IS an interesting scenario to be sure....it makes one wonder what is going on? Doesnt it??
decent volume for the first hour BUT if news WAS leaking out, we would see a huge surge in buying....but you never know...I BELIEVE! Not looking for small moves in the pennies, I want trading halted and open back up in the dollars!! In it to win it!!
Fish, I remember you posting that and it didnt ring a bell with me at the time you wrote it. Now, however, you seemed to hit the nail on the head. I dont believe in coincidence. I think you have something here..... GLTY
i understand your thoughts. However, all it takes is the judgment of one good man or good woman and that one person can effect change in the world. I believe......it is what keeps me going.....I BELIEVE that one person can make a difference, and we will soon see that IMO.....glty
correct! There are those here who believe that MM's dont control a sub $1.00 stock and that supply/demand are the main PPS determinants. HOGWASH! MM's have way more influence over these kinds of stocks than most give them credit for. MM's can single-handedly kill stocks and I have seen that happen. WAMUQ will be the Phoenix that rises from the ashes. Once the MM's lose their reigns on this stock, there is no telling what can happen!
agreed, i couldnt care less about the day-to-day PPS here, I am in it for the HALTING of trading and reopening of trading in the dollars area....in it to win it baby!! GLTY!!
when this thing is halted, people will be kicking themselves all over the world.....GLTY
i grabbed a bunch yesterday at .15, when she halts and opens in the dollars, we will meet in Vegas for a celebration!!!
You have no idea what you are talking about.....
adding more here, MM's walking this down for shorts to cover, better days are coming IMO...I am NOT in this to watch the PPS daily, I am in this for trading to be HALTED....and then reopen at a much, much higher price....all or nothing for me....the up side far outweighs the down side for me....I will not get an ulcer watching this rollercoaster, but I will get a room in Vegas with unlimited buffets when this thing HALTS....and then reopens in the dollars......GLTA longs......
Pretty disheartening but I am hanging tough.....
DL
No need for you to be sorry. You have been so helpful to so many on this board. JP needs to man-up and address this board and the investors. Or perhaps maybe the SEC can loosen him up a bit. We arent asking for much, just information on what is going on and as investors go, that requests isnt unreasonable. JP, if you are out there and reading this, be a man and tell us what is REALLY going on.....