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As I sit here shaking my head...asking myself what do I do now.
Will this continue to go down... or will it finally bounce.
I absolutely agree with that.
Z= out of sequence trade.
Bring out the WAMU Cheerleaders. All classes are GREEN!!!
Go WAMU!!!!
10 million buy... WOW
9.0 million buy
5.2 million buy
Cancel it and resubmit. I've had the problem and canceling and resubmitting works.
PUSH THE HOD BABY!!! The next DNDN...
GO GNTA!!! Let's fly today. Show me the GREEN...
It's nice to see some hard dates. It won't be long now :)
Good job, marayatano
Thank you! Finally someone with a positive/optimistic outlook on this stock.
GO GNTA!!! Bring the GNTA cheerleaders out...we are going green tomorrow.
That would be great... but what is that based on.
Give us those divis. That's what I'm looking forward to.
Khalsil, I think Ryan is pointing out that first it was 500 million and now you put 500 thousand shares.
I agree. I don't visit boards that I don't have a interest /position in. Why would I? I have better things to do with my time like visiting boards that I do have interest/position in like GNTA.
Bashers are here for a reason they are either shorting the stock or looking to get in cheaper.
Think about it. It's only common sense.
Best thing to do is put them on ignore and do what you think is right for your financial situation.
Latest on uptick rule.
http://finance.yahoo.com/news/SEC-advances-5-options-on-apf-14881629.html
SEC advances 5 options on short-selling rules
Securities and Exchange Commission advances 5 options for reining in short-selling
* Marcy Gordon, AP Business Writer
* Wednesday April 8, 2009, 11:50 am EDT
*
Buzz up!
* Print
WASHINGTON (AP) -- Federal securities regulators are considering several ways to place restrictions on traders who bet that stock prices will fall.
One option the Securities and Exchange Commission put forward for public comment Wednesday is restoring a Depression-era rule that prohibits short sellers from making their trades until a stock ticks at least one penny above its previous trading price. The goal is to prevent selling sprees that feed upon themselves -- actions that battered the stocks of banks and other companies over the last year.
Short-selling is legal and widely used on Wall Street. But as the market has plunged, investors and lawmakers have pressed the SEC to reinstate the rule. They say its absence since mid-2007 fanned market volatility, prompting bands of hedge funds and other investors to target weak companies with an avalanche of short-selling.
The SEC meeting marked the second time in less than a week that financial relief measures pressed by Congress were taken up by independent overseers. The Financial Accounting Standards Board on April 2 gave companies more leeway in valuing assets and reporting losses, a move that sent financial stocks and the broader market soaring.
Both sets of changes would especially benefit banks and other financial institutions, whose balance sheets have been battered in the financial crisis and whose stocks have been targeted by short sellers.
At the same time, the Obama administration has proposed to Congress a sweeping overhaul of the nation's financial rule book meant to prevent a repeat of the banking crisis that toppled iconic institutions and wiped out trillions of dollars in investor wealth. It includes requiring larger hedge funds, and other private pools of capital, to register with the SEC and open their books to federal inspection.
The SEC could settle on one short-selling plan of the five advanced Wednesday and formally approve it sometime after a 60-day comment period.
SEC Chairman Mary Schapiro said Wednesday agency was beginning "a thoughtful, deliberative process to determine what is in the best interests of investors" before taking final action.
The short-selling move is the first major SEC initiative under Schapiro, who was appointed by President Barack Obama and assumed the position in January.
The practice involves borrowing a company's shares, selling them, then buying them back when the stock falls and returning them to the lender. The short seller pockets the difference in price.
Proponents of short-selling say it can make markets more efficient, bring in more capital and raise warning signs about weak or badly managed companies. Professional short sellers and some analysts also have warned that restricting short-selling could actually distort -- not stabilize -- edgy markets.
But companies and regulators maintain the practice widened the scope of the financial crisis and contributed to the collapse in value last fall of a number of bank stocks and the demise of Lehman Brothers.
Another option being floated, besides reinstating the uptick rule, is a sort of "circuit breaker" for stock prices. That approach, in three variations, would force short sellers to sell shares above the going market rate when they execute a short trade -- it would only go into effect after a stock price has had a decline of 10 percent.
Another option, known as an upbid rule, would allow short sellers to come in only at a price above the highest current bid for the stock.
The SEC repealed the uptick rule, which was established in 1938 during the Depression that followed the 1929 market crash, nearly two years ago when the stock market was near its peak. A test by the SEC earlier in 2007, removing the uptick rule for one-third of the stocks in the Russell 3000 index, found it could be eliminated without causing significant harm.
Flippers are making a killing on this one.
MMs games. That's all we are seeing here. BS
I got an idea...let it go up :)
Are you guys pumping this stock again :) Shame on you.
Ready okay, wamuQ will drop the "Q", wamuQ will drop the "Q".
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Latest on Uptick rule.
http://online.wsj.com/article/SB123911452263296977.html
By SARAH N. LYNCH
WASHINGTON -- The Securities and Exchange Commission plans to unveil several short selling restriction proposals Wednesday.
One includes reinstating the "uptick rule," a Depression-era rule abolished by the SEC in 2007 that prevented traders from short selling unless the price of the stock from the most recent trade was higher than the previous price. Short selling is the sale of borrowed shares by an investor hoping to profit by buying an equal number of shares later at a lower price to replace the borrowed stock. The rule was abolished after several studies showed it had little effect.
The recent financial crisis has raised short-selling concerns and prompted calls from politicians and some industry players to reinstate a version of the old rule.
More
* Short Sellers Squeezed All Around
SEC Chairman Mary Schapiro indicated Monday the commission plans to seek public comment on as many as four different options. One closely resembles the old uptick rule, while a second would propose a bid test, which permits short-selling only if the last offer to buy a stock is rising.
"This is an issue that has both strong supporters and detractors, and we will be very deliberative in our effort to determine what is in the best interest of investors," Ms. Schapiro said in a speech this week. "In addition to seeking comments on the new proposals, we will also convene a roundtable to seek a range of views from many experts on the topic."
The SEC may also consider Wednesday a proposal similar to one offered recently by Nasdaq OMX, NYSE Euronext, BATS Exchange Inc. and the National Stock Exchange.
The exchanges' proposal advocates imposing short-selling restrictions only in the cases where a stock declines by a certain percentage, possibly 10%, in a single session. If this so-called "circuit breaker" is triggered, the exchanges suggest a "modified uptick rule" should go into effect, which would only allow short-selling at a price above the highest prevailing national bid.
Christopher Concannon, the executive vice president for transaction services at Nasdaq OMX, said the exchanges favor the circuit-breaker model in part because its easier to implement in today's world of fast-paced electronic trading.
"When there are hundreds of trades in a given second on active stocks, it takes a lot of computer processing when deciding how to price your order," he said. "That is one of the challenges with the old uptick rule. It was truly designed for a market that traded a few million shares. Today message traffic has increased to over 10 billion shares per day."
Mr. Concannon said if the SEC adopted the exchanges' proposal after the public comment period, the industry could implement the new rules some time in the third quarter.
The SEC is facing a great deal of political pressure to act on short selling soon.
Several U.S. Senators, including Ted Kaufman (D., Del.), and Johnny Isakson (R., Ga.), have sent letters to the SEC and introduced legislation to force the old uptick rule's reinstatement. In the U.S. House, Rep. Gary Ackerman (D., N.Y.), also introduced a similar bill in January.
"I'm trying to see why it's taking so long to do this," Sen. Kaufman said in a recent interview with Dow Jones Newswires, noting he thinks a return of the uptick rule should help restore some confidence in the markets.
Not everyone is in such a rush to reinstate the rule.
Eric W. Hess, the general counsel at Direct Edge, points to the SEC's own past studies showing the rule's ineffectiveness and said any version of an uptick rule could harm liquidity. Direct Edge is currently neck-and-neck with BATS to be the third-largest equities trading venue behind NYSE and Nasdaq.
"We are against restricting one kind of liquidity over another," Hess said, noting the SEC should focus on attacking abusive trading conduct instead of imposing restrictions.
"Liquidity, efficiency, transparency and fairness -- those are the cornerstones of a healthy market," he added. "And when you start imposing restrictions that discriminate against one kind of liquidity versus another, it can have a ripple effect on the market."
Write to Sarah N. Lynch at sarah.lynch@dowjones.com
Don't assist the MMs with their games... slap the ASK.
5 and change million block @.015. Nice
Thanks reading now. I don't see anything significant in it yet.
I can't get to it. Is it postive or negative?
SEC Filing temporarily unavailable. Please try again later.
I'm seeing this in Zecco. So where do we start tomorrow @ .0235 or .0112?
Last Sale
$0.0235
ADVANCED CHART
Change
$0.0123
Bid Tick
Change (%)
109.82%
Bid
$0.011
Ask
$0.0111
Volume
715,905,772
I heard the uptick rule will be discussed this week. It would be nice if they reinstated the uptick rule.
Jackson, as you know I completely agree...there will not be jury trial. It will not go that far. This will be settled out of court. As I've said before, they are not going to expose their dirty laundry to the public. It won't happen. Case closed.
Dude, you must be new to pinkie land. There is dilution and manipulation in all pinkie stocks. There is no need to target this specific stock. You could advise "Newbies" that pinkies are high risk and you shouldn't play more than you could afford to lose. Very simple and straightforward without targeting this specific stock.
I sure hope so. There is a lot of finger pointing going on right now, which is good as it exposes them to the public. I want all those corrupt SOBs to go down.
Time for a cheer :)
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I'm with you on that other BIG play Don :) GLTY here and there :)
Could have been...but we do know they have more money than your average flipper/investor.
I can see someone misreading the PR today which would account for the sell off, however there were plenty of people who benefited from those who misread it. There were some HUGE blocks being purchased today and I don't think they were all from your typical flippers or investors.
I was one of those who benefited from the sell off. I had no intentions of buying this stock until I read the PR and noticed the PPS was down 60%.
I thought timing was a bit strange on this PR too.
We should request that the treasury put "zardiw" picture on those bills :)
All I know is my Ps are looking really good right now in my account.
Do forget the questions we have for Blair. Blair, how big is your schlong? Is it true you need a weed eater to trim your bush?
Let's RUN!!! Call the institutions :)
We need the protesters from London on this job. They know how to get the job done :)
Bustin some azz and breaking things seems logical :)