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Exactly. The Jackass [Democrat] and Elephant [Republican] plan and it all started with a catylist...WAMU... the pawn player piece of the game
Any thoughts on this? Wamuq Jan 14th cancelled and "JPM moves its Q4 earnings report date to 1/15 from 1/21. Although it attributes the change to scheduling, we think there may be more to the decision, although it is difficult to say whether the implications are positive or negative. JPM may want to separate its earnings from its peers, and it may want to get a jump on competitors in terms of capital raises. We continue to note JPM's high tangible capital ratios relative to peers and believe the stock holds value as it trades only slightly above its tangible book value.
Lets hope so..I'm working on my 2nd million shares
don't mean a thing..I've seen 100,000,000 buys and 10,000,000 sells and price driven down...it goes both ways but i know one thing and that is that this is going up for the manipulated sells to take profit for a few days then back to the same until something is decided in BK and structure is restored to wamuq
manipulated down, now manipulated up to take profits by MM. Then the cycle re-starts again...down..I've seen this a hundred times in the penny stock when no PR is involved
a million shares barely fits in my hope chest
We seem to agree on the same particular points the article mentions...
"In a separate order, Walrath denied a motion by attorneys for WaMu shareholders to be allowed to proceed with derivative lawsuits in federal court in the state of Washington. The lawsuits claim WaMu directors and officers breached their fiduciary duties by engaging in insider trading, improper accounting and making false statements about the company's exposure to the subprime mortgage market".
"If there's a recovery in the case, it would go to the benefit of the corporation, or in this case, to the estate," he said.
"Berz also noted that government investigations could affect the lawsuits, which are in their early stages."
"The judge agreed with WaMu and its creditors that the derivative claims represent potential assets of the estate, and that the plaintiffs in the lawsuits do not currently have standing to pursue them, given the bankruptcy filing."
I guess with the new year here, we need some "noise makers" to get the word out to SEC, FINRA ect
I agree..I've seen the signs before in many penny stocks...In the past I would sell off even at a loss and jump back in at the bottom,which I'm considering on dec 31 to take advantage of the tax and then re-purchase lower pps in Jan, but then again I'm like "Comme ci, comme ca"..happy with what i have..no more no less putting it all away in my little hope chest and staying away from disappointment and let down
Its all manipulated..sometimes locked in, sometimes driven down, sometimes driven up..I particularly like 50 buys/sells in a row and the pps stays the same
Its not so far fetched as you think...If you followed this and connected the dots as I have for for 40 years it's almost like following a "How to manual"..perfect in everyway by the book..create the problem, taking away as you fail at fixing the problem...good point
Absolutely true...so the ones buying the dump must know something or have their own ideas
6.4 X your investment
Does this mean the hearing has been delayed, until further notice from the debtors, concerning the 4 bil tomorrow
Thanks empty pockets for the link, late as I am...Has the hearing been delayed, until further notice from the debtors, concerning the 4 bil tomorrow
Have not looked at WAMUQ in a while..Does any of the PR released at 6:37PM est affect us if they don't file reports and should there be concern
Washington Mutual Inc. (WAMUQ) said Wednesday that it hasn't filed its quarterly report by the due date, and unless the filing is received by the close of business on Dec. 22, its securities will not be eligible for quotation on the OTC Bulletin Board. The company's trust preferred income equity redeemable securities, or PIERS, trade on the bulletin board. The company's common stock trades on the Pink Sheets.
(The headline "Washington Mutual Expects To Be Delisted Effective Dec 24" published at 4:47 p.m. EST, and the story published at 5:04 p.m. EST omitted the facts the PIERS will be delisted, and that the common stock doesn't trade on the bulletin board
Washington Mutual Inc. (WAMUQ) said Wednesday that it hasn't filed its quarterly report by the due date, and unless the filing is received by the close of business on Dec. 22, its securities will not be eligible for quotation on the OTC Bulletin Board. The company's trust preferred income equity redeemable securities, or PIERS, trade on the bulletin board. The company's common stock trades on the Pink Sheets.
The company will not request a review, and therefore expects its securities removed from the OTC Bulletin Board effective Dec. 24, according to a filing with the Securities and Exchange Commission.
Washington Mutual Inc. sought Chapter 11 bankruptcy protection after the thrift was seized by regulators and was sold to JPMorgan Chase & Co. (JPM) in late September.
Bring it on..the cheaper it is, the more I will buy, the MORE I will make...no matter how far in the future, the ship will come in..For the price and value, it's worth the risk.
I'm one for strong intuition..I'm with you Mikeyk till the fairy tale reveals itself and there's a happy ending
Just a greenhorn opinion, but I don't expect to see retirement money until
1. 4.4 billion settled
2. out of bankruptcy
3. and most importantly, the announcement of a new business plan and new company profile
until then this is just pure speculation and guess work by the experts
For the record I have 1,000,000 shares
Can I be so bold to say that the brokerages are buying at the bid and selling at .0004 while we're barred from the bid price..I say that because several times throughout the day the bid dropped to .0002 while the ask stayed the same except once when it hit .0005
I'm still here after all these years..I mean months
Just another Market Maker profit day
call your broker and ask for an explanation..see if it was their negligence..they might owe you
I've been in this stock for a while now and I can't recall, if ever, if anyone has actually been to any of the wells to substantiate the claims made in all filings and PR's...Just checked on an old stock I played with, QMLM as its called now, after a 10-1 R/S, and it has recently been served with a WELLS VIOLATION. Misleading PR and reporting...and there were those that said they had been to the site and met owner while verifying operation..Right under their noses, a scam...
I believed I had a better chance with this stock than I did with QMLM, that's why I switched a few months back, but anything can happen.With QMLM, bloggers were suspicious of the PR and reporting and consistently sent emails and petitions to all agencies involved...I guess someone finally listened...These days politically correct might mean being a "Doubting Thomas"
Wow..I had run with this stock for a few months buying in at .0023 and finally selling at .0011 for a loss. I commend & thank those that consistently gave us the clues and information as to the problems with Eugenes credibility and the stocks risk factor but were criticized for doing so. I also remember there were those that wrote emails to every agency that could be involved..Bravo... If and when the lawsuits fly I will be first in line to board the flight...
Government to back $306 billion in Citi loans
Feds will also take direct $20 billion stake in troubled financial giant
LIVE QUOTE
NAME LAST CHANGE % CHANGE
Citigroup Inc 3.77 -0.94 -19.96%
QUOTE LOOKUP
Enter Company Symbol • Lookup symbol
Data: MSN Money and IDC Comstock delayed 20 min.
WASHINGTON - The government unveiled a bold plan Sunday to rescue troubled Citigroup, including taking a $20 billion stake in the firm as well as guaranteeing hundreds of billions of dollars in risky assets.
The action, announced jointly by the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp., is aimed at shoring up a huge financial institution whose collapse would wreak havoc on the already crippled financial system and the U.S. economy.
The sweeping plan is geared to stemming a crisis of confidence in the company, whose stocks has been hammered in the past week on worries about its financial health.
"With these transactions, the U.S. government is taking the actions necessary to strengthen the financial system and protect U.S. taxpayers and the U.S. economy," the three agencies said in a statement issued Sunday night. "We will continue to use all of our resources to preserve the strength of our banking institutions, and promote the process of repair and recovery and to manage risks," they said.
Bailout follows other big ones
It is the latest in a string of high-profile government bailout efforts. The Fed in March provided financial backing to JPMorgan Chase's buyout of ailing Bear Stearns. Six months later, the government was forced to take over mortgage giants Fannie Mae and Freddie Mac and throw a financial lifeline — which was recently rejiggered — to insurer American International Group.
Critics worry the actions could put billions of taxpayers' dollars in jeopardy and encourage financial companies to take excessive risk on the belief that the government will bail them out of their messes.
The $20 billion cash injection by the Treasury Department will come from the $700 billion financial bailout package. The capital infusion follows an earlier one — of $25 billion — in Citigroup in which the government received an ownership stake.
In addition, Treasury and the FDIC will guarantee against the "possibility of unusually large losses" on up to $306 billion of risky loans and securities backed by commercial and residential mortgages.
Under the loss-sharing arrangement, Citigroup Inc. will assume the first $29 billion in losses on the risky pool of assets. Beyond that amount, the government would absorb 90 percent of the remaining losses, and Citigroup 10 percent. Money from the $700 billion bailout and funds from the FDIC would cover the government's portion of potential losses. The Federal Reserve would finance the remaining assets with a loan to Citigroup.
As a condition of the rescue, Citigroup is barred from paying quarterly dividends to shareholders of more than 1 cent a share for three years unless the company obtains consent from the three federal agencies. The agreement also places restrictions on executive compensation, including bonuses.
Once the largest in assets
The company had at one time been the largest U.S. bank by assets.
Citigroup has seen its shares lose 60 percent of their value in the past week, reflecting a crisis of confidence among skittish investors. They are worried all the risky debt on Citigroup's balance sheet will turn into losses as the economy worsens and the markets stay turbulent — losses that could be nearly impossible to reverse.
Citigroup is such a large, interconnected player in the financial system that if it were to collapse it would cause further damage to already fragile financial and economic conditions. The company has operations stretching around the globe in more than 100 countries.
Analysts consider Citigroup the most vulnerable among the major U.S. banks — especially after it failed to nab Wachovia Corp., which was bought instead by Wells Fargo & Co. That was a missed opportunity for Citi to gets its hands on much-needed U.S. deposits that would bolster its cash position.
Citigroup was especially hard hit by the meltdown in risky, subprime mortgages made to people with tarnished credit or low incomes. Foreclosures on those mortgages spiked, leaving Citi and other financial companies wracking up huge losses on the soured investments. The company has failed to turn a profit during the past four quarters and has announced plans to slash thousands of jobs.
The company has already received $25 billion from the Treasury Department's $700 billion financial bailout program. In return for the cash infusion, the government gets a partial ownership stake.
Sen. Charles Schumer, D-N.Y., said Sunday he is confident the government and Citigroup "can come up with a plan that ensures Citigroup's viability, which is really important for the whole economy. ... If you let it go down, millions of innocent people are hurt, and the economy suffers at a time when it's terribly, terribly fragile," he said on ABC's "This Week."
Sen. Richard Shelby, R-Ala., a free-market advocate who opposes government intervention, said he thought any effort to aid Citigroup was a mistake.
"Citi has got to save itself," Shelby said. "And, can they do it by a merger with somebody else or going to somebody else? I don't know," he said on ABC.
Investing is a Science...I take my advice from these Psychics
UNIVERSAL ENERGY CP
Daily Commentary
Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 11.05.2008 (14) days ago, when the stock price was 0.0011. Since then UVSE has fallen -36.36% .
BUY-IF is confirmed by a white candlestick which has an open equal to the previous close but closing higher. The buying price is the previous close ( 0.0006 ) according to the Rules of Confirmation.
Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a BUY-IF confirmation but today it is. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion. The market is now ready for a bullish move.
We hope that you acted quickly and already bought this stock . Your important benchmark was the previous close. You were supposed to watch the session carefully, feel its bullish tendency despite the lower opening, and go long after making sure that the prices stay over the previous close.
If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any.
Data provided by: End of Day Data
Placed 6 billion @ .0000 Sorry guy..just had to do that
This is nearly, if not the exact word for word pr released by QMLM last week indicating a reverse split, a coal, or should i say, a wanna be coal company stock...That rs did not bode well for the pps....I didnt know pr of reverse splits came in standard form? LOL
Just catching up..been into other things..love the part in the PR where Eugene states share issuance will remain at 2.5 billion even after the 1 for 10 R/S split
Did anybody catch on to Obama statements on record all over the news wire from january that if elected coal industry would be hit hard with emission fines..Obama words "It would bankrupt most companies" american coalition for coal industry very upset and up in arms...The coal industry states have something to think about..this could seriously affect this stock
That's not true..I have consistently seen stocks in the pinks climb to outrageous highs defying all fundementals and crash against all logic..This is anybodies game
I'm not here for them..they're here for us!
I have a few mil and thats all i'm in for..my advice is for everyone in the world to stay put, not buy a single share and let the MM's play in their own sand box...until all debt is paid by revenue
$7 trades and no limit..some issues with waiting period on bank transfers, but probably the best system
my friend uses Fidelity..same problem...
scottrade
OK..who put that bid in at .0007, why not .0001 and get it over with so we all can really stock up and retire next year
Sorry Boys & Girls...it seems today those that guide our destiny, want us stuck at .0008-.0009