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It could be the MM themselves accumulating for an expected run. The movement of the other stocks leads me to believe it was a buy though.
Sorry.. jokes don't always work.. I'm sure your nerves are raw like mine. I doubt I'll sleep much tonight.
It was gut wrenching holding for 10 months of relative quiet but I came to live in harmony with it.. now the beast is unleashed and it is entirely different nerves being rattled.
NO.. very little interest.
I mean.. yes. I'll be doing the conference call again as well.
I can't see someone short selling this.. but I'm no expert. My gut tells me it is a pre-arranged buy. The MM accumulated the shares for a buyer. IMHO.
(I had LEH in my mind when writing this)
There will certainly be a lull at lunch EST. But these may run well in the mornings so the lowest buy may be in the early AM. We're all guessing with these.. the educated guessing is limited. All new territory. Good luck on your buys!
(for WMI)
We will certainly have a steady climb. Some consolidation at lunch then more explosive upward movement. I would buy early but it is your money.. do what you feel is best.
How true that is. It is amazing how the "experts" over compensated on discounting toxic assets. LEH will improve as the market improves. LEH may not come back 100% as I expect will WMI, but LEH will be far better off than how it was and is now characterized.
Opportunity of a lifetime in both LEH and WMI. The combination is simply explosive.
Welcome aboard! All ships are rising.
I'm heavy into P's.. so at an average of $5.11 I'm up 680%
I bought some commons so as to cover all bases. At .161 I'm up 150%
Thanks.. and the next hearing should be a fun one.. I hope!!
Special thanks to Viva for sounding the LEH horn early on!
I have no more cash. I'm all in and have been a long time. I'm on the sidelines. When the whales come in these stocks will rip to new levels.
WMI and LEH will let me retire, ripe age of 39.
A big congrats out to those who hold both!!!
It's all simply amazing. I'm heavy into WMI and LEH, all prefs and some commons. I bought both in 2008 when they were severely down and I'm loving today!
My holding of J's is from .004 and I'm looking at a 6,000% gain as of today... simply amazing. And this is only the beginning.
GLTA!!!
Anyone else see this?
I show a 100,000 trade at $8.00 at 16:03:20 on E-Trade. Now that is some accumulation!
I've had ETrade put one of my accounts on the 90-day restriction when I sold the wrong lot by accident.
In my IRA accounts with Ameritrade I sell early all the time and I get no warnings or restrictions. The funds are simply uncleared and can't be used until cleared. I'm not sure why Ameritrade doesn't enforce the restriction.
I like Ameritrade a lot more than ETrade.
L2 11:51AM
L2 11:10AM
No problem. You should now hear music.
Hearing 08/24/2009 at 11:30AM - Details
The hearing begins at 11:30AM
AUDIO ARCHIVE:
The archived audio is:
http://www.mediafire.com/?sharekey=b932994e293c11f5c79b87b207592a1c1412891a84105c4ec95965eaa7bc68bc
LISTEN LIVE:
I'd suggest dialing into the bridge around 11:15AM
You will hear no music just an intermittent beep until the hearing begins.
The bridge number is 712-432-1001 and when prompted for the access code enter 477420980
(If there are any technical issues then the audio recording will be posted later in the day. Also.. any issues dialing in should be kept on a new Yahoo thread. No need to have it posted on IHUB.)
I think we're good to go. I'll post when the first audio archive is up but I'll let others take care of getting word out on the other 15-minute audio files. I'd expect a lot of people to hop on the bridge.
My priority will be making the recording. So if anything goes wrong I will focus on making sure we have a complete recording and worry about the live bridge last.
I don't expect any issues though.
No problem.. good to post here too for those only following on IHUB.
Between 9:30AM and 10AM I'll start a new thread that will include a link to the forthcoming 8/24/2009 audio archive as well as the details for the live conference bridge.
So you can listen live via your phone or just wait for the 15-minute incremental MP3/OGG recordings.
Or on the CIT website:
http://ir.cit.com/phoenix.zhtml?c=99314&p=irol-sec
A bank manager at Wachovia explained to me that the $250k limit can be 'expanded'. I forget the exact details, but I believe for every person you list on the account as a beneficiary, $250k is added to the protection.
Ask your bank about it.
Yes.. the recordings will be posted the same way as before.
Thanks. I have a bridge for 1000 people. We should be good to go.
I'll post the bridge number and access code in the morning of the 24th.
Might be too late. I think we'll have news pre-market tomorrow. If not.. then grab some.
If you have any spare cash CIT-A is still a great buy.
IMO I'm definitely seeing that as good news. I'm reading that as an 'elbow in the side' to say, "CIT will survive". I think they have the needed agreements now. We just don't know when it will be announced.
IMO we don't. For none of them... we're not creditors. Any claim filing, if needed, would be done on behalf of each class of stock holder.
I just got filled for 107,000 at .02
Gonna be a great day for CIT trading. I hope every has their commons, A's and C's!
They paid in the past but the future is uncertain. I'm in this one because of the distressed price. $25 face so I'm looking for the PPS jump.
CIT-C has a $50 face.
I have both A's and C's.
CourtCall must be used to dial-in to the hearing. I then recorded it using my existing VOIP setup.
Very. FYI.. I opened a new CIT-A board. Nice movement on CIT-A yesterday and today.
Do you only have commons?
My thoughts are that the A and C prefs will continue to ascend even without news. I do expect CIT to avoid BK.. but it is not ruled out.
I have 0 commons as I think the value is uncertain since dillution may occur.
Welcome to the Cit Grp. Pfd A (CIT-A) board.
I'm holding no commons and all preferreds. About 70% in A's and 30% in C's. The A's were incredible today. Not sure why C's didn't move equally.
The 7th and final audio file is now up. I'm also uploading a complete recording as well.. all 7 files combined into 1. Enjoy.
Note at the end the judges desire to 'hear no more!" I think she is saying it while WMI's attorney is speaking but I think the frustration on her part is having to deal with the issue IMHO.
http://www.mediafire.com/?sharekey=b932994e293c11f5c79b87b207592a1c3b995895f12920e5b8eada0a1ae8665a
The last little file has little else.. but I'll still try and get it converted. Discovery was the last item and of course we all know JPM was denied.
The last file didn't convert automatically so it still sitting as a pcmwav file. I need to figure out how to manually convert it. Might be a while before I get it up.