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That premise played a role in the theory of us getting money back six months ago, last Christmas, the Christmas before that, so many dates for that and so on. So far, however logical it might seem, it hasn't been working out.
LOL you gave precisely the type of straightforward, honest, intelligent and boring answer that I would expect. I only include boring because since I have so much appreciation for your pragmatic view on all WAMU related matters, I did get excited to see you agreeing with Ron on something since his return numbers are Sky High. So just to be clear, because I don't think you actually agree with his Sky High return numbers, are you still thinking the greatest probability is between 2 billion and 10 billion?
Hotmeat, with all due respect, Am I Dreaming or are you actually agreeing with Ron? You are aware aren't you, that Ron believes over 100 billion dollars is coming back???....
Actually no, not if you're going by HM's estimate. His most common return prediction is "between 2-10B", which would give WAMPQ's between $200-$1000. Getting 75% of very little is still very little.
Alien abduction??
Will. Never. Ever. End.
Edit: Actually the above statement is untrue. Afterall, we WILL all die one day..
Thank you Porkchop!
Many of us can't click on the link. Can you cut and paste the content?
Good morning Tony. Thank you for posting that, but unfortunately many of us can't successfully click on your link because we are not members of board post. Is there any way you can cut and paste pork chops post?
Yowsers! Hope she doesn't decide, "F those greedy shareholders, Now I'll tank 'em!", due to your letter....
Agree w/you totally. Crazy that ps is low right now considering they have an actual product developed and selling. I have to put the fault on management for having poor distribution efforts and additionally no common sense in terms of sociology and psychology with investors. For instance I remember back in the day they would announce their good news on Friday after hours, when it could do no good LOL. By Monday morning when the markets opened up again the excitement had fizzled and the price didn't move. These guys are freaking idiots when it comes to understanding investor psychology. If you have good news you announced it on Monday or Tuesday. If you have less than stellar news, you announce it on Friday after hours. These guys are stupid.
No. Itonis has a great product but no common sense or psychological intellect. They announce good news fridays after hours when it can do no good to price. They're idiots. Unfortunately I bought 2 million shares at peak price years ago. Avoid...
A ten-year hurried up scenario.... sounds like the plot of a Woody Allen movie :)
Why not? Any date in future tense can be the subject of a forward looking hypothesis.
You don't have to be a genius to know that they will continue to attempt to delay as long as possible or to look back in history and see their long history of success in such delay efforts. You are probably right, but it doesn't take genius.
I've read your message very carefully and thoroughly. It is clear you feel strongly that over $100 BILLION is coming to us! Thank you.
Hahahaha. Oh, how annoying it must be. So, sarcasm aside, thank you for your re-clarification on relative likelihood of different amounts coming back to us. I choose to adopt your thinking on this as it is both conservative and yet more realistic imo. The interesting part that stands out most is that even the $40M is no longer guaranteed. Personally I believe no more than $2M is absolutely guaranteed, hence my worst case quote of 20cents per P coming back. I will enjoy getting my $100 for reading messages from strangers for ten years lol.
Good luck to all!
$2M coming back in March-June 2019. I believe thats $0.20/P.
Imo
Jest as you may, occasionally my friend, the sky does fall. I've never seen so many different stocks have the same end of day identical Spike. We should find out if these are buys or sells. Again, I am driving otherwise I would do it. My hunch is that they are sells.
Edit: I pulled over and had a look, I believe that most of these end-of-day spikes are actually buys. Nearly every single Dow stock had a similar Spike in volume end of day.
I don't think you're getting the point, it's not just coop stock, it's every stock just about
No, I dont think so. Such huge numbers and all across the board. Im driving, could someone please find out if these are buys or sells?!
" are there other ghosts to pop up and cause more delay?"
Answer: what do you think? Haven't there always been ghosts that pop up.
"..wise up.."
Obviously there has been an insider trading for as long as there has been Trading. And buying stock just before a buy rating comes out would be equivalently as illegal of course, with years in prison as a possible factor. It just seems like while it would of course continue, I wouldn't expect it to be common. And if not common then I would have been surprised to see it occurring with a stock as relatively unknown as Coop.
Though admittedly I'm the farthest from an expert.
Are you suggesting that the mm knew of the upcoming buy rating to be announced?
Looks like the buy recommendation is taking effect, finally some good news
It appears you are correct. Low volume, lower price. Its not necessarily the BOD's fault, I've seen PPS go down in stocks after they announce spectacular earnings. It's really a popularity contest it seems.
850K traded, almost. I see SOUNDINCREST spared YOU his wrath lol- "WRONG" lolololol. I was right about it ending slightly in the green, but my prediction made ten minutes into trading saw about <500k shares traded, which would have been one of our lowest days. As long as it's green however, we all win.
And fantastic to be so! Let's see what happens to COOP tomorrow when/if the DOW isn't up 500....
Could you or someone please explain this theme of commentary-
"one should have made their choice long time ago"
I keep hearing this word choice, and that people should have already made theirs. I don't really get the point of such commentary for the following reasons:
1. In terms of escrows, everybody already did make their choice and is stuck with it and cannot change it. Since there is no flexibility now, there is no point in reminding people what they should do now or should have done in the past, except just to say "you were wrong, I was right, I told you so". We don't actually know how this will end regardless of what anybody believes so nobody has the right to talk down to anybody else about their decisions yet.
2. In terms of stock price, everybody did make their decisions long ago. As well they might be making new, different, or similar decisions today regarding buying and selling. The outcome of such, like escrows, is also something that we do not know, regardless of what some people on here believe. So this is more pointless lesson giving without proof by the lesson givers that they know what they're talking about. Only history can provide that proof, history that apparently has not occurred yet.
Prediction: today will be the lowest volume day since becoming coop. Pps ending slightly green
So it turns out the quarter million shares traded in the first 30 minutes today was just residual excitement from yesterday and that indeed everything did return to normal trading activity today as I suspected it would. It seems to me a very consistent pattern that any excitement or celebration at the end of a single day of price and volume rice is always premature. I think in the future it might be wise to wait until such activity lasts at least two full days before we get excited and decide that it means something, all in my opinion of course.
Side note: it's amazing how much you can be right about despite being financially illiterate. If you are simply rational and good at observing patterns it seems you'll have a better idea of when to get excited.
" people need to understand legal law before commenting"
That would be great, but then you would have only six people talking amongst each other for the last 10 years. Somewhere there needs to be a translator for the comic folk.
The first half hour of trading saw a quarter million shares change hands. Since then however only about thirty thousand shares have traded. My guess is that the early trading was in response to yesterday's action and that it will be a mellow day otherwise today. I also feel very positive we will not see an 8K, nor will we hear any more information pertaining to yesterday's price jump and volume increase.
Good reminder, I think you are right
Edit: bwthdik
I appreciate your thoughts. I won't hold my breath ;) but I appreciate your efforts regardless.
Also interestingly no after-hours spike of any kind. We will see, I'm betting we don't get an 8k and this just becomes another one of those anomalies with no explanation. Hope I'm wrong
Yes we have a lot of fire drills here in Wamu land. The irony is that when volume or Price goes up everyone gets excited that something big is about to happen. But when volume or Price goes down, everyone tells everyone else not to get excited and that it doesn't mean anything.
Volume has flatlined somewhat
Me neither. Unfortunately it's looking like a non-event for now anyway
Well, again, we all sure hope you are right. But what about the employee claims, I thought they supposedly had to be wrapped up before we got any sort of distribution?
Right now it is a $0.68 pop. Sure hope you're right and that it ends today over $15 PPS.
Edit: Side note, my DBX is also up nearly 4.5%, but for no known reason. Unrelated of course, but just showing that it could be possible COOP is correcting upwards.