That's what I was just thinking as well, we see $100 today. But each time we seem to peak based on percentage.. it seems to peak at close to 50%. Things are different this week though.

How about $14.50 now.

I would respectfully disagree. WMI is still in the drivers seat. They will file and get an extension.

So you do not expect an extension to filed and granted like every other time so far?

You're not the only one. I told my wife on Friday that I wished I could take a sleeping pill to sleep until Monday morning. LOL

The wait is excruciating!

Very nice Mona. Congrats on being a published author!

I hope WMI will provide you more time to write.

Yep. Soon I'll be moving completely out of WAHUQ. Then it goes into WMI commons and Lehman CT's, J's and P's.

Respectfully disagree. We're beyond charts on this. These stocks are all about the A&L. It moves on the all-mighty MOR and the court rulings.

It will slowly creep up to 90% of $34, maybe closer. It is all heavy accumulation by big money now. For it is easy money. Small investor like us will sell our WAHUQ and move to more 'risky' P's K's and commons.

I think it is most likely we do.

I had first thought P's would hit $60 by end of Feb. I was pleasantly wrong. LOL

I don't see much of a retrace. The deal is done for WAHUQ. It's been settled at about $34 a share.

Definitely. This could be the most incredible weeks post-BK. I'd like to see each week better than the last from this point forward.

I agree.. but so many choices. I think all my new cash will be going to commons. I'll let the whales hit the P's and K's.

I'm thinking on Monday there will be a mad rush on all classes with high volume. I could be wrong but predictions are of the fun.

You will see a lot of WAMU money coming over here. When the P's start hitting $200-$300 I'll sell a small portion to pick up more Lehman.

I was lucky enough to grab a ton of Lehman long ago, not long after my WAMU. But I do want to add more in the next few months.

I don't think we need to be concerned about it. These are pro's handling the BK. WMI will exit BK when they want to and not before.

No doubt. Every article helps and that one includes the ticker. I could see Monday matching today's gains.

Happy New Year!

I always loved the Roth. My wife and I opened them as soon as we could. That lasted one year; and since we opened them years ago we've been ineligible to contribute to them. I really look forward to be able to rollover some IRA's funds into the Roth's.

Thanks for the reply. Would your initial 'WAMU' be considered principal in the ROTH? So if you had $1000 of WAMU stock moved tomorrow into the ROTH, that $1000 would be considered principal?

(my last Roth question. best to stay on topic.

So if I have an old existing Roth with say $8 in it (don't ask) and I have some IRA securities moved into, does that mean I'm already past my 5 year hold period?

68,000 share buy at $21.50
That's a nice $1.5m
Not your everyday trader.

Yep.

And we're not there yet, but some early congrats to all those 'dreamers'!

Oh please. All shares will get canceled. I read it on Yahoo so it must be true! LOL

You guys are crazy to be investing in WMI. Don't you know it is a BK stock! LOL

I got enough change this morning to grab 6 more shares at $16 LOL

That's great. Nothing like giving the government incentive to seize banks and profit from it. Much like the current setup for the police and feds to seize assets; selling it and splitting the profit.

Thanks for this info. I have a large IRA (converted from a 401k) that I might want to transfer. I'll speak to my broker and accountant about it.

Maybe I can include a webcam puppet performance of the hearing. Now that would be funny.

Do I need to do impersonations of the attorney's? LOL

Nice bid support.

From what I've read about BK and priorities, lower priority cannot receive a higher percentage than higher priority. So if H's received about 68% of face, then wouldn't one think the P's and K's could not receive more than 68%?

If one assumes Rosen was going to try and screw equity, then one can see why H's agreed to only 68%. I'm not sold on this theory though because I think WMI will receive enough for creditors to get 100% and even commons to see some money.

IMO, it's quite probable for the P's and K's to see full face and for the H's agreement to be amended to receive full face.

So, in short, I think the H's would need to receive full face for the pref equity to see full face. Someone please correct me if I'm wrong on this.

The deposit account, tax refunds, NOL etc I think will only have the effect WMI's counsel wants it to have. They are master at this so I have no doubt they have a well thought-out game plan.

Based on IRS guidelines, everyone expects the tax refunds soon but if WMI doesn't want to receive the refunds yet I'm sure there are ways to delay receipt.

As for the hearing date changes, I believe the UST needs the courts approval. The EC attorney's would after all be paid by the debtors. Perhaps WMI is trying to delay the EC by delaying the next hearing. Then again maybe the UST just needs the judge's quick signature, but I'm sure WMI would insist on a hearing.

So long as the P's continue upward progress I'm happy. LOL

I'm guessing we might see $60 by the Jan 28th hearing.

I think the SJ is close as well. I think mid-Feb at the latest, near-end of January most likely. IMHO.

And someone is getting itchy; selling at $39.25

They may soon regret it and need to buy back in over $40.

Unreal. .0018 and the whole time the bid stayed at .1301

Reaching down that far for stop-loss orders? That would be criminal.

Merry Christmas!

Finished wrapping the kids presents; enjoying some micro brews; and the Trailer Park Boys tonight.

Have a good one Ricky. Catcha later Bubbles.

That might have been the case; we might never know. A deal will not happen now without the EC formed. Walrath wouldn't approve anyIMO deal before the EC is formed. IMO

I agree. Weil won't rollover though. Hopefully they are not able to delay the EC for long.

Very true. The EC will be privy to the non-public material and not allow a bad-for-equity settlement; with an EC equity will NOT get 0.

Everything on this is aligning beautifully for us equity holders; especially us longs from last year.

(good night all and good luck to us all tomorrow!)

Not sure. But from what I've read, an EC forces creditors to take a haircut by filing motions and objections. ie. gumming-up the works. Creditors want the BK to end quickly so they give some pay-off to equity.