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Sorry, I have been letting myself go! LOL! The Dude and Walter both say “mark it settlement” ASAP!
In the parlance of our times of course … rs
Good Morning/Afternoon fellow WaMuQ’ers! Holy Hell – 300+ posts since midnight? Just scanning thru some to make sure that I didn’t miss out on any major news! Doesn’t look like it. Looks like the age-old argument of the speculated settlement pps! LOL!
Hopefully we will get a surprise Court Doc (or two) issued today! Just wishing for some weekend fireworks but certainly not expecting it however! … rs
The problem is WaMu was stolen by JPM (JP Morgan Chase) and the FDIC (Federal Deposit Insurance Corporation). It was NOT stolen by TBHS (The Bank of Harvey Schmidlap) and DIP (Deposit Insurance Products)!
JPM cannot be seen as the evil megalomaniacal institution (that it is) and the FDIC cannot be seen as anything more than an entity that simply got overzealous in its attempt to protect the common mans hard earned deposits!
That is why I have always thought that a settlement will NOT be as much as the true value warrants! I am pleased as punch that we have an EC fighting for us but this is all about negotiation at this point! If the EC holds out for the $20 - $30 pps that was hinted at, or even $14 - $18 pps, this will drag on a long time and most likely have to go to trial!
Negotiation is just that – negotiating! Bargaining! If our EC has brass ones (and all indications show that they do), more power to em’! JPM and the FDIC however will fight to protect their respective public images! IMO it is not about the money at all but yes - their imperialistic image!
Sorry about the mini-rant. Just getting tired of the original $8 pps offered back in 09/08! … rs
Kinda thought that we would have had more fireworks today! Not complaining of course as I have no intention of selling! It just would have been righteous to exceed the 52 week high! The significant decrease in volume after the opening hour and a half was rather perplexing – especially going into the weekend!
Oh well, if more folks do not want in, then the hell with them! The fewer the shareholders and of course the number of shares held, the more the allocated settlement money for us - when and if it does happen! LOL! … rs
Lawrence. Yours makes for a good scenario! I really am not anticipating a settlement this weekend or even 03/12 for that matter! I was just indicating a best case scenario earlier.
That said, every puzzle piece is falling into place (and this is a 10,000 piece puzzle) and we are looking sweeter with each passing day! … rs
That I cannot answer! It is possible but I am NOT counting on it! We have seen everything here over the last year! All I can really offer is to repeat the mantra – you do not want to be out of this over the weekend!
GLTY … rs
Best case scenario on next week: We wake up on Monday morning, login to our respective trading account(s), and big cash has replaced the WAMUQ symbol! … rs
Kirsten gets Kudos in MSN Money:
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=ACBJ&date=20100305&id=11206903
... rs
Correct! Plus – who cares! … rs
Damn. 400+ posts since EOD! I have tried to go thru them all but I am bleary eyed from today’s earlier action and my neck is stiff as a hinge!
Just wanted to congratulate all longs after this red letter, highfalutin day!
Aside from the EC formation, this has been the most momentous day since I entered WAMUQ one year ago!
Just sipping some beers now and relishing the (backstage) events of the hearing!
Cannot wait until tomorrow and will undoubtedly be sleeping with a broad grin upon my face! … rs
Damn straight they were there! … rs
Yep. The news has hit the market and the market likes it! Great day longs! … rs
I haven’t heard. Nothing on the site suggests so however!
http://twitter.com/was_mutual
… rs
Mornin’ JHD! Looks like we still have the agenda! Raising my cup of Java to a good day here!
Go JMW! … rs
Appreciate the recruiting AJAB. Good luck with staying focused on your job tomorrow! Hopefully the hearing will play out to our benefit!
Take care … rs
I don’t know about the looking back, but I honestly see us hitting .50 or thereabouts! There will be profit taking for sure and we will see much volatility! A 2 minute chart full of violent peaks and valleys.
All has to go well however! The agenda and the rulings! Please keep in mind that I am not predicting anything! I am pessimistic by nature and nothing may come of tomorrows hearing at all. It could be another ten minute flop!
My prior post was just best case scenario!
GLTY … rs
Fair enough. It wouldn’t be pretty! LOL! I was just saying (thru demonstrative mental imaging) that this could be the mother of all hearings. I am as pessimistic as the next guy but if the agenda stays true and JMW does her job, it could be a banner day! Am I ultimately holding out for settlement – of course! A victory tomorrow however would simply be a huge psychological and spiritual lift and something that we longs deserve for being mindless vultures! … rs
If memory serves, we have seen an agenda amended shortly before a hearing at least once! If the current agenda for tomorrow remains true up until 11:29:59 AM, EST, I may be forced to crack open a beer in celebration on that news alone! And I am on PST!
Now – if we get a salubrious ruling (or two) from the alluring JMW, well …, well, all bets are off and the neighbors may be seeing me run naked thru the streets with a big self-inflicted JMW tattoo on my chest ! LOL! … rs
I can’t tell. Is that JMW in front of the whale symbolically holding it back by not ruling? … rs
UZ! You’d think that we would have gotten FDA approval by now! LOL! … rs
Jeffrey! Regarding “You just don't get it do you”. I will try to do better! … rs
Nice little burst! Hopefully something is up here today! … rs
I must say that I am flummoxed regarding the non-action today. I realize that fence-sitters have been burned on a regular basis with amended agendas - rendering past hearings impotent - but this time we are approaching the hearing stronger and meaner than at any other point!
• Last hearing the FDIC was granted their last supposed delay by JMW!
• Our EC has filed their motion of intervention!
Oh well, as Jerle mentioned, perhaps we will see some interest in the final hour! … rs
Thanks Fish and right back at ya’! We all appreciate your involvement in this play! This is all consuming is it not? Most of us longs are playing 4 -8 (or so) other stocks at any given time but WAMUQ is the supermodel! WAMUQ is a living breathing entity of unbridled passion!
This may go on a few more months (as the EC gets up to speed) but I am willing to wait! I of course will not be bummed if JMW ends this sooner than later! LOL!
Take care Fish and all! Time to wind down … rs
Tonopah. I concur regarding your thoughts on this board! IMO it has the smallest % of pumpers and bashers of any major stock board that I have been involved with. Most posters here are enthusiastic while maintaining a professional and common sense middle-of-the-road approach. Sure there are a few obvious pumpers and bashers here, but with experience, they are easily spotted and easy to tune out!
The most impressive aspect of this group to me is the unadulterated eagerness to dig! The digging and sharing of DD is second to none here! What stock boards are to me is not “Go WaMu, or Go (insert name of stock here)”, but the comparison of ones own DD to others. This stock in particular, because it is a BK, has been more than fascinating as I have learned more acronyms than I ever thought I would have use for in life.
My final thought is that this board has helped many an investor over the months that had gotten cold-feet, lily livered, or just plain confused at one time or another.
Hell, it looks like I am a pumper now as I am pumping this board! LOL! I can assure everyone that I have not been paid one red cent for this post and said post is not FDIC insured or FDA compliant! … rs
A couple billion! Please visit the iBox conveniently linked below ...
http://investorshub.advfn.com/boards/board.aspx?board_id=11133
We shareholders – yes even commons - have an EC (equity committee) fighting for our interest!
Read, read, read, and GLTY … rs
Only if this goes to trial Taxxx! BK is BK! Timelines involved here! … rs
I think that we have all been there! I myself weathered thru an anti-JMW period back in Sept or October 09’ I believe! I was flabbergasted by her inability to rule! Many quality posters kicked my arse for my harangues! LOL!
Currently, I would appreciate it if she makes a few rulings on 03/04, but I moreover give all the credit in the world to her for allowing the EC!
IMO despite all of the prodigious DD that has been produced by this primo board, the most important and predominant event to date has been the evolution of the EC! We were blessed folks!
BTW: My briefs have not been in a bunch since that fateful aforementioned period and I am currently enjoying several cold ones as I produce this post!
PS: What will the pps be tomorrow EOD? LOL!!!!!! … rs
Hello JHD. Well we didn’t get the agenda today but most likely tomorrow! I hope that my theory will stand and we get some action if MARTA and FDIC motion remain on the docket!
Take care … rs
No Rockie. Not really a gut feeling either way. I was just speculating that IF the important issues are still on the agenda, we may see a volume/pps increase!
Then of course, if said items are on the agenda, that brings us to the usual speculation of “what will JMW do about them”?! … rs
Thanks Dan. The motion is what I was referring to of course when I said SJ! Most people onboard are more familiar with that term, or the $4B! LOL! … rs
JHD. I am still holding a sliver of hope that the “agenda” is what folks are awaiting before they take action! The regular flippers have been playing this for a long time and know the drill by now!
IMO, we will see some action once the agenda is released and SJ and MARTA, are of course, still on! Then - game on! … rs
True. Plus there is always 03/18. 04/06, 04/21, 05/05, 05/19, etc, to look forward to! LOL! … rs
I believe that is why we are simply drifting now! Many are awaiting the agenda to see whether meat is still on the menu! … rs
How many people that sold at .18 or .16 this morning are now brutally kicking their own arses? I would wager quite a few!
I am definitely not a fan of an R/S but not all is lost! ... rs
Y. Regarding: “Am I the only left who still thinks we might see a settlement before the SJ is awarded even up till the last min. on the 4th?”
I would say that you are in the minority - at least to us longs, especially on the 4th! A settlement will not be rendered at a hearing IMO!
The judge did (almost reluctantly) give the FDIC another month to prattle about and devise more BS discourse! That looks good on the surface as she MAY be suppressing a ruling due to “ongoing settlement talks” but that is the usual speculation!
Anyways, I was only basing my prior post on a favorable SJ ruling scenario!
Take care and GLTA! … rs