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Welcome to the board and let us hope we be all rich soon!
I know what you mean, at this point it an all-in hand and i m just waiting for the river card to come out.
I got a feeling with this kind of high volume in the P that there will be something very good coming to the P class. I mean take a look at the volume at other class compare to P..think we might have some number for us. JMHO!
I agree just give us some figure of the FV.
Hopefully there is a bigger force that are trying to accumulate. Yeah very boring and work is very slow so just wish their are some action going on right now to bring that excitement back..lol
Wish I have that kind of money to accumulate some more, but my shares are not that substantial anymore.
The volume is unusually high for the P and we are not moving anywhere ? Maybe I need to go back to my cave and wait again for something great to come back out. This drama has been going to long and I m greatly getting depress over this.
What about that 12000 shares that just post, is that a buy or a sell. Anyone? Thanks
Hell I'll take $500 if the U are still low then it will be great converting into commons.
None of these senator really ask the question in regard to taking care of the public. They are just want to grill us and point finger at Wamu.....what a bunch of crooks!
Just say it Mr K, JPM wanted my bank!
Tell him how we are not treated fairly Mr. K
What happen here...is it halted?
Good DD once again fsshon, do you ever sleep anymore? Don't you got fishing to do or something tomorrow? Good nite and thank you.
I saw that too..ask@.23, really hope this will gap on Monday.
I wanted to really believe that this was a all out "hail Mary" but i don't really know now. We need the EC to file some motion for this insane one sided offer.
So where does WMI go from here? Fold shop or emerege and try to sell themselves for a few bucks? Either way it looks bleak to me unless some legal minds can paint a better picture.
Nothing is final yet until the Judge and EC approved this agreement.
I would really need some support right now. Damn it i am questioning every move i make now. This damn constant headache is also killing me.
Good Post from marymbobh
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=te&bn=86316&tid=384722&mid=384722&tof=1&frt=2#384722
A very one-side settlement offer...
The interesting thing about the 'settlement' proposal is how one-sided it is. Think about it for a minute. WMI was almost certainly on the verge of getting a favorable ruling on the $4 billion and they are apparently already in possession of the first multi-billion tax refund. They've got litigation underway that they are likely to prevail on for some additional billions of dollars. In return for dropping the litigation, they get the $4 billion that they would have gotten anyway and a fraction of the two tax refunds, one of which they already were in possession of. JPM is putting essentially nothing into the pot, nor is the FDIC. I don't think the EC will have any trouble showing that the'deal' gives WMI an empty sack in exchange for considerable relief and assets transferred to JPM and the FDIC.
Article by Kirsten Grind
WaMu holding company reaches settlements with FDIC, Chase
http://www.bizjournals.com/sanjose/stories/2010/03/08/daily105.html
Washington Mutual’s bankrupt holding company has reached a ground-breaking settlement with the Federal Deposit Insurance Corp. and JPMorgan Chase, recovering more than $6 billion in a move that is likely to help bondholders and shareholders of the failed bank recover some of their lost value, according to a source familiar with the deal’s terms.
The settlement, announced at a Delaware bankruptcy hearing Friday, ends months of legal wrangling among the three parties over millions of dollars left over after Seattle-based WaMu was seized by federal regulators in September 2008.
Washington Mutual Inc., the bankrupt holding company, has won back the roughly $4 billion in deposits at the center of the dispute, which make up the bulk of the holding company’s recovery, according to the source, who spoke on condition of anonymity.
The holding company also divvied up tax refunds with the FDIC and New York-based JPMorgan Chase & Co. (NYSE: JPM), which purchased the banking assets. Washington Mutual Inc. will receive the lion’s share of tax refunds, about $1.9 billion, the source said. The holding company received another $289 million from other funding sources that had been tied up in the bankruptcy, including what are known as “intercompany notes.”
“WMI is confident that this agreement will provide substantial recoveries for the company’s creditors and that it is consistent with WMI’s efforts over the last 18 months to maximize the value of its bankruptcy estate,” the company said in a statement. It declined to comment further. JPMorgan declined comment and the FDIC couldn’t immediately be reached for comment.
It is unclear how the money will be divided among creditors. Bondholders and preferred shareholders will be first in line for the settlement, followed by common shareholders.
The holding company’s stock plummeted 54 percent to about 17 cents on the news Friday after recently reaching a trading high of 70 cents.
Puget Sound Business Journal (Seattle)
another big buy went thru
03/12/10 08:48:43 0.4379 0.435 0.438 1582228
03/12/10 08:39:13 0.408 0.403 0.40 970975
wow look at this buy almost a million shares
03/12/10 08:39:13 0.408 0.403 0.40 970975
wow look at this buy
Good morning all, everyone is up early today! Got today off just for this excitement..FF is up slowly.
03-11-10 The day you will remember, Thursday again so this will be a sad and happy memory for sure. Hell if we dont get the settlement, come Friday the 4 Billion will be our which just add more fuel to the fire for longer battle to take them down all the way.
LAW IS LAW if the announcement is not in placed then THJMW will render her oral decision during the hearing with written decision afterward. JUSTICE WILL BE SERVED
I dont take it as CNBC news as a bad thing. We have been wanted to have a report on TV regardless of it being negative or positive. The time have come, hopefully after hour tomorrow, they will announce something again. This time it going to be a good settlement announcement and they will claim that they were the first to report this story.
ETO for the last 1 1/2 years since I join this board and follow a lot of you guys, i think the same way. My mind have never been clearer on what our average citizen does not know and my wife think that i am going crazy. Anyway it about the rich getting richer and craping on the average joe.
fsshon sometime you can only do so much telling them where to go for research and sometime I said enough is enough on telling them to read the Ibox.... the same thing with stop lost. If people don;t want to further their understanding in their investment then it their lost. I think i have enough of dissecting of what is happening today, time to go to bed. Good night all and fsshon you are my role model dude
Very well said and a good perspective to look at. Thanks!
The Street Article: WaMu's Wild Ride
http://www.thestreet.com/_yahoo/story/10699140/1/wamus-wild-ride.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
This is a big boys game... if you can handle the morning increase of 30% and then the drop of 30% then you can handle this stock going to $8 bucks a share and still holding for bigger. We are going into a territory of uncertainty,you can make 6-7 figure position in about a week if you hold strong or close you position and move on. This is a opportunity of a lifetime and it will change a lot of people of a measly $10K-20K into 600K-900K. Good luck and stay strong.
My Scientific Wild Ass Guess (SWAG) for today will be $.6995 not worry it will bounce back in the last minute.
the b/a is all over the place...dont really know if even the MM will handle this any longer. I guess they know what they are doing with their game..just need our settlements announcement now so they can be burn.
Could this really be it …the last desperate dip/drop before the settlement is out. I remember one of the poster here stated that the PPS will increase for 3 days then the last drop will come to scare everyone into selling and that is when it the announcement will come. Hopefully this is the case cause it I hurting too
GM all 932K already trade, should be in the 85-90 range today i hope
There is also the SJ decision by the good judge if settlement is not announce. Many poster have been dead wrong before about selling off because of delay but look at where we are now. We just can't predict what people will be doing come Thursday so please don't try to say that there will be selloff come Thursday. Good luck!
fsshon, the only thing that the military need is more manpower and equipment in Afghanistan rather then ship back to U.S. Talk about billions and billions of dollar going into logistic of bringing those back. Even sell some of the equipment to the Iraqis government. Our men and women can be home until of being over there in Kuwait sitting around moving equipement. The saving of monies from logistic and selling of equipments from that only be used to procure newer equipment from the state vendor in turn produce more jobs.
I was a Vendor Specialist downrange and i see how the government spent all of the cash over there. Since the bank is not stable or E commerce is not setup everything the military deal with was plain CASH. Anyway i am rating to much already.
GO WAMU.......to the moon.
Hey MSG, what branch were you in? Tell your nephew that we appreciate everything that those men and women do over there, thank you.
I was in Camp Taji, Iraq, and am glad to be back. Wish i could stay in but family is important.
That was fsshon with his mineral finding with denke from yahoo board