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Aside from what I just told you in my last PM, I am trying to do fundamental analysis to find a sure-fire short-of-the-century that is guaranteed to go bankrupt.
Haven't found it yet, but I am confident I will soon.
Whichever way she rules on certain issues, I still think that another judge is going to be ruling on the same $hit she is going to rule on.
If she rules in WMI's favor, her rulings will be contested/appealed, if she rules in JPM's favor, her rulings will be contested/appealed.
I know she is a Federal judge and supposedly BK judges have immense power, however, I feel that in a case as BIG as this, she doesn't have as much power as many people think.
I think the reason she has been putting off decisions for so long isn't because she is "demanding" that the parties involved come to a settlement, I think she has been putting of decisions because she doesn't want to rule on them.
Ok big buddy. Then I guess the cash in my account was just a big mistake.
Am I supposed to regret selling WAMUQ 10 times and cashing out of WAMPQ at 27-28, buying back at 20.25 and selling at 23.75 the next day, buying the Ks several times and selling them the next day several times as well?
Please enlighten me oh wise one.
Did you ask them if there are new shares that can be purchased as an investment opportunity or if they will be cancelling shares?
Insiders haven't been selling either. Acquiring, excercsing, but not selling. Unless I'm way off , that one should bounce soon, down 11% today down to 1.10 per share, and I think if it goes a little south, it wouldn't be a bad one to get stuck in. Get in, set a GTC sell order, and get out.
I don't have any wealth to lose either, so maybe you shouldn't listen to me.
BQI
I don't have any free funds, because I'm putting the only free cash into the pick you PM'd me about, but I think if you put in a buy order for BQI at 1.01 -1.02 and get filled you'll be happy enough in the short-term.
Try snacthin' 'em up in PM, or just put in a GTC order and see if they'll bring it down to you.
Fundamentals look strong enough, current assets v. current liabilities look good to me, and total OS is 240M with total equity of 492 M at the end of 208, which makes it undervalued, and should be a good pick.
Put in a buy on FAZ at 3.33, and if it gets to 6.50-$7 in the upcoming weeks, short it if possible, imo.
There will always be profit takers, and it will never be "too late" imo.
I respect those that are true longs, but I had to take the profits.
If Weil and the gang really do mean business, then there will be no settlement imo, and there is a real chance that this will ultimately be the biggest case in history. One poster here that I used to give a hard time, cp, has stated that he has always thought this would end up at the Supreme Court, and that certainly wouldn't surprise me, but before that happens, there will be lots of ups AND downs.
Might wanna sell on the on the 17th, this Wednesday and take your profits, because the pps is likely to tank on soon after, unless you literally want to hold for the long-term and lock in the yield.
Up to you, but I'd sell for the profits and keep it on your watch list.
You should be able to make more than the 1.07 per share by selling it all imo.
Just an estimate, but I think it is reasonable.
ACAS last trade of day in AH = 3.39 up 17 % today.
Wow!
So is Jerle the new bad guy?
Am I off the hook?
Is the whole board wrong and the two of us are right?
You gotta love the drama!
hahahahaha
Wow. Good for you.
hahahahaha
I've done some DD, and averaging up is not a good idea !
Look at their #s.
I don't think averaging up on ETFC is a good idea.
They are like the only online firm that actually loses money.
imo ETFC had it's fun and is headed back down.
Now that we're not going to buy it, it will probably hit like $1.20 tomorrow and bounce up to $1.80 .
hahaha
OK. Maybe LEA is not almost a buy. BK talks looming.
I had to sell it off.
They are going to take it down hard again, and they're not letting it up for a while imo.
Totally crazy manipulation.
It certainly would be. It would give me back some of my SPNG losses.
I am STILL going back and forth with ETrade about the manipulation of that one and am continually accusing them of being a part of the manipulation.
I've received messages from like 9 different reps, and now I'm really letting them have it.
I think ACAS breaks $5 tomorrow and $6 by EOW .
I'm the one that has to live with my decisions.
Do I think the Ps will see a handsome payout? Absolutely.
Do I think the Ps will see lower prices? Absolutely.
Reality set in my friend.
Maybe I do have weak hands, but they don't feel so weak after watching the action lately.
Glad I sold when I did.
Looks like LEA is almost a buy again.
Say what you will, and suit yourself.
"Can you explain why you think there won't be a ruling on AT LEAST the 4 billion at the June 24th hearing?"
Nope.
Sounds good. ACAS is going to boogy. Courtesy of stocksniperz' watch list.
They're takin' it down again.
WTF ??????????
ACAS dividend yield = 114.13%
Ex-Dividend Date 8/10/09
28 million shorts
I think that's a killer pick sniperz !
I'm still watching DPTR, but there was a 34.89% increase in short positions, supposedly.
http://shortsqueeze.com/?symbol=dptr
I was talking about those that bought WAMUQ at .02-.03 and those that bought the preferreds early.
So did the gap fill?
My estimate is reasonable and conservative.
Lawsuits of this magnitude don't get settled in a matter of months.
I think you'll definitely be in the green with that average price.
"Too bad my foresight isn't as good as my hindsight. "
You're not the only one that feels that way.
Cheers!
I do believe that. What do you think is a reasonable estimate as to when the FDIC will settle?
PFE should be moving soon then. Plus, Cramer said he doesn't like PFE and wouldn't buy it, and he is like the anti-Hand.
Charts are useful, even though I'm not very skilled at TA, but I know that they don't/can't predict pops and future highs.
You gotta be in to win.
Have a good night!
Looks like sound judgement and decision-making to me.
I like seeing my money move too.
Have a good weekend!
Great post. Only time will tell if it goes lower or if we are at a true market.
It will pay off, but just around the corner is an understatement imo.
The average bk in delaware takes 18 months, and the average lawsuit against the FDIC takes ????
It is not even possible for the FDIC to fork over the cash they owe WMI right now, and won't be for quite some time.
These stocks will be the ihub winners when all is said and done, and I'm talkin' 250-400 baggers, depending on when you bought in.
Have a good weekend traderob !
I have no idea when they are going to put out a pr and am also apprehensive about the way they are going about "it" too. As I've said before, they are turning into the company who cried wolf, imo. They put out PRs now about signing new counties, licensing of "infinite R", etc., and it is basically a shrug of the market's shoulders.
I believe they will go ahead with the F/S as long as the paperwork was submitted properly and gets approved, but it sure seems to me that they don't give 2 $hits about the shareholders. If they did, they would go about things in a much smarter way.
As I've said before, when I buy, I'll be selling it all and waiting for the drop like I always do, so just because I believe in the long-term prospects of AMNE, I have not, am not, and will not invest in them long-term.