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Anyone. Is WMIH trading after hours since they are on Nasdaq now?
Here is a portion of an article that i found today and thought may be interested to the board:
David Tepper founded Appaloosa Management in 1993 and now oversees nearly $16 billion in assets under management. Prior to Appaloosa, Tepper was a trader at Goldman Sachs. The fund manager continues to crush his competition in 2012, as his Palomino fund was up 13% net of fees for the first half of 2012. Appaloosa utilizes a strategy that focuses on undiversified concentrated investments (check out Tepper’s newest stock picks)
Does anyone think this may be part of the sealed info being that Appolossa is one of the hedgefunds that was trying to destroy the shareholders? And David Tepper does have a previous relationship with Goldman sachs. Seems there is some kind of connection there. He's heavily invested in JP Morgan as well.
Here is the link: http://beta.fool.com/insidermonkey/2012/12/08/5-dividend-stocks-loved-billionaire-david-tepper/18360/?ticker=JPM&source=eogyholnk0000001
Appaloosa Management made lots of move in financials in the second quarter, opening an 8.25 million stake in American International Group Inc and opening a 2.4 million shares position in JPMorgan Chase & Co. Meanwhile, the David Tepper-led fund cut its position in Bank of America Corp by 1.1 million shares.
Got this from an article on Reuters. Seems like Appaloosa no something we don't.
Where is Walraths Opinion?
mypenney, i received it. thank you.
mypenneys, i just sent u an email for the wamuq and wamkq ballots. Thank you so much
i dont know about you but Articles like this make me second guess about giving releases on my voting ballot.
rockie101. you have got to be the funniest guy on this board. everytime you say that i almost fallout laughing.
JMW will allow the EC to do full discovery on the SNH after she deny the POR. IMO
After seeing the way JMW put up that argument for Equity in the last hearing, i can't see her letting them get away with anything. Equity will get something. I mean she put up a better fight for us than our Attorneys. But then again she still denied us the motion to compell. I thought that was an "i want equity to have money" battle by JMW. She is on to what is going on and wants Equity to get money, but S&G has to put it in her lap before she does anything. I think S&G is smart enough to read her(JMW). We will shut these clowns down soon. IMO
Any thoughts on Chambers meeting before court?
Im with you Jackburns. The hell with the hedgies who tried to cancell equity for shareholders and drag this mess out for so long.
Your right Joe. Just yesterday JPMC hired a very succesful merger Tilson from United Airlines who could possibly get the total buy out done, And take care of us shareholders .
Or some major issues that they are trying to iron out. Hopefully we will see the new POR today. I think anything that does come out should be positive for equity. Rosen and Hedgies are in a bad position right now, so the had better not try anything slick. IMO
What happened to Dimeq? I was looking forward to hearing Arthur Steinberg light into Rosens arse today.Is Dimeq still involved in this case?
William48, do you think Appollosa tricked the EC into pushing the deposition back so that they can sneak this filing in about Mr.Thoma. I bet EC didn't think they were gonna try this, or they would have kept the pressure on with keeping the deposition schedule for today. But if the EC did know that they was gonna try to go after Mr. Thoma, the EC know that the judge is gonna deny this filing. Also didn't the judge mention insider trading in her opinion without any input from Mr Thoma? So she suspected insider trading with her own knowledge.No way she gonna grant this.IMO
Does anyone know whose idea it was to move Aurelius deposition to last? Was it EC or was it Aurelius? Have anyone ever thought of Aurelius being more cooperative than the other three hedgies, thats why they are going last. That way all other hedgies have told their side of the story then Aurelius comes in last and tell it how it really happened. Was Aurelius the ones in court saying that "everyone else was doing it"? Just my opionin, but what do i know.
OK. Thanks again
cicimic. Thanks, but that link does not work. Do you remember the post#?
cicimic. where is it that you saw mediation begins today? TIA
I think the reason Aureleius wants to get involved with mediation is because they have been caught red handed with the inside trading issue and wants to workout a deal to keep from getting charged with insider trading. The other SNH hedgefunds will want to get involved with mediation too shortly. Aurelius is smart they are going to get in with mediation to try and workout a deal before their deposition date comes up. IMO
There are more good interviews of PJS on his site. I think they are worth watching, being that the boared is kind of quiet.
Great footage from Peter J Solomon when the financial crisis first began. It has a clip in there where he commented on BlackStone. http://www.pjsolomon.com/news/DA-11-16-08.html
Question? Isn't Rosen deposition of Ethan Buyon of PJS suppose to happen today? Today is April 5th
Question William48. So I guess the deal will have to be complete before confirmation hearings begin?
After listening to the hearing on 3/21. Seems like Steinberg mentioned that Rosen wanted mediation with equity.Rosen wanted mediation with equity in order to hopefully get to PJS numbers on value and assets thru the mediation process. That didnt work. So now Rosen want to depose PJS to get numbers so that he and E&Y can compare value and hide assets that PJS maybe could not find. But i don't think PJS is going to fall for that. But WDIK this is all speculation.
Yes Biz, this is definetley a rare situation. I also must say it is also a rare opportunity to make some big bucks investing here as well. IMO we will all be happy in the end, which im hoping very soon.
Large I totally agree. Something is about to pop. Time is running out. But what gets me is the deposition of PJS that is suppose to happen in less than one week, if the judge grants it, which i dont think will happen. Or is this part of the show like voodoo says. Very interesting events happening here.
Lol. Wow. This guy Rosen is one hell of a character. But like most of you say his days are coming to an end very soon.
W48 you are absolutely right. EC, S&G, PJS, are not afraid of anything. They do not have anything to hide and is stepping up to the plate on every occasion. Hopefully the judge sees this and question BR about not deposing members of JPM and FDIC. Seems real odd to me.
Thanks Uzual. Oh Gosh. Seems like shes allowing more funny business to go on with letting these crooks(E&Y) get involved. From my understanding are they not already under investigation for fraud dealing with another case or situation? Why involve them with this mess? But WDIK.
GOOD MORNING Board. Did THJMW grant the hiring of EARNEST&YOUNG FOR THE DEBTORS? Thanks in Advance
Thank you. Will do
IMO there is enough fraud going on in this case and bringing E&Y just adds more fraud. I think Willingham should suggest to SG that equity committee object to the hiring of E&Y and hire a firm that is more trust worthy and not under investigation for fraud. Im sure the THMJW is wondering why they are just now deciding on this
Good afternoon to all WaMuers. This is my first post. im usually a lurker. I just registered and i must say there are a lot of bright individuals on this board. I have learned a lot from this board just by lurking. I invested in wamuq in Jan 09, and man has it been one hell of a ride. Good luck to us all and i think things are starting to come together.