Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The next big buys will burst through it...
http://ih.advfn.com/p.php?pid=webchart&symbol=FNMA&period=0&size=19&volume=1
I suspect $2.46 will fall soon.
I am sure the EC didn't "convince" TPS that there is absolutely no money left and the only hopes for TPS is taking shares in the NewCo. But nice try...
Riding the upper Bollinger Band (BB)
http://stockcharts.com/h-sc/ui?s=FNMA&p=D&b=5&g=0&id=p13157848178
Chart: $WMIH in an up channel, Golden Cross imminent
The MA-50 is turning upwards and about to cross the MA-200 ==> Golden Cross (green circle).
http://www.investopedia.com/terms/g/goldencross.asp
Both MA-50 and MA-200 are rising, that's important...
RSI still bullish and Accum/Dist is rising
Chart courtesy of StockCharts.com
--------------------------------------
Only my opinion, no investment advice!
--------------------------------------
What could TPS have learned from the EC which they didn't know before? The existence of the $5.9 bln. NOLs? NO, they knew it before! That pursuing their claims is really really hopeless? I don't think so! What else could it be?
I've reviewed every possible reason for TPS to give up the pursuit but after the deposition of the EC for only about 30 minutes. My conclusion is they saw something good IMO.
HPSI Increases to 83.8 - Upward Grind Resumes, Bringing the Housing Indicator Back Near Its Peak Level
http://www.prnewswire.com/news-releases/hpsi-increases-to-838---upward-grind-resumes-bringing-the-housing-indicator-back-near-its-peak-level-300155480.html
I'd say Recapitalize-release-uplist or Recapitalize-uplist-release and not Release-uplist-recapitalize
Recapitalize by paying back the overpaid funds, then uplist/release or release/uplist, but both in a very tight timeframe IMO
Government lawyers by now should have told FHFA and Treasury and 1600 Pensylvania that the writing is on the wall. Time to turn lemons into lemonade or try to climb out of the b.s. smelling like a rose. Spin the story so Barack can save the housing industry. Release-uplist-recapitalize
GOOD POINT
Chart: Weekly MACD turning positive, MA-50 turning upwards, Full Stochastics bullish
$WMIH Chart: http://schrts.co/cxX40f
GLTA
NYSE? WMIH is on the "NASDAQ Capital Market"...
There were only 30 shares @ $3.25 AH, I repeat, THIRTY(!) shares for $3.25, look at the table "Trade Details". The other 5,484 traded at $2.57 AH
http://www.nasdaq.com/symbol/wmih/after-hours
And forget the Bid/Ask when the market is closed. The last days we could see NITE with an Ask of $199,999.99
I could upload a screenshot if you don't believe it...
$1.88 bln. not for everything! This confirms what I've said in many other posts, especially the following one:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115803973
----
From https://books.google.de/books?id=YPfwCAAAQBAJ&pg=PA159#v=onepage&q&f=false
At the auction a uniform package is offered to bidders. This package consists of deposits and other nonsubordinated liabilities and a like amount of assets, less the amount of the premium bid.
In a deal brokered by the federal government, JPMorgan Chase will pay $1.9 billion for deposits and branches. WaMu depositors will be protected
For his $1.9 billion, Dimon gets WaMu's deposits along with $176 billion of home loans, on which JPMorgan is expected to lose some $31 billion.
$2.55 gap closed and back to $2.65 closing price
According to the NASDAQ Listing Requirements (PDF page 9, column "Market Value of Listed Securities Standard*") WMIH qualified easily...
https://listingcenter.nasdaq.com/assets/initialguide.pdf
Frozen?!? They ARE trading: http://www.nasdaq.com/symbol/wmih/real-time
and Level 2: http://cdn1.boardpost.net/quote.php
NASDAQ real-time quotes: http://www.nasdaq.com/symbol/wmih/real-time
High of day was @ $2.98 so far
Level 2: http://cdn1.boardpost.net/quote.php
NASDAQ Real-Time Quotes: http://www.nasdaq.com/symbol/wmih/real-time
WMIH $2.75 NASDAQ pre-market
pre-market: http://www.nasdaq.com/symbol/wmih/premarket
real-time quotes: http://www.nasdaq.com/symbol/wmih/real-time
$WMIH uplisted from OTC to NASDAQ today!
(former Washington Mutual holding company)
http://otce.finra.org/DailyList
Absolutely, I expect the announcement of an M&A within the next two weeks or even today pre- or after-hours. They could have uplisted (with a higher PPS!) months ago, but they didn't and waited instead. IMO there was reason! Now if we don't have a done deal and no events will follow for the next couple of months the PPS could drop significantly and there is a high risk of getting delisted from NASDAQ again.
Things will unfold soon. That's just my opinion!
Here we go! Uplisted to NASDAQ on FINRA Daily List
http://otce.finra.org/DailyList
Now $2.77, seems to be an exciting last OTC day before NASDAQ up-listing on Monday!
http://cdn1.boardpost.net/quote.php
$2.58, I thought there is NO pre-market on OTC?
Special handling for friends of MMs?!?
http://cdn1.boardpost.net/quote.php
Mods please sticky post #435985 instead of outdated #397110
TIA
$WMIH up-listing OTCQB to NASDAQ Capital Market on Monday
http://www.prnewswire.com/news-releases/wmih-corp-to-list-on-the-nasdaq-300148847.html
WMIH (former Washington Mutual HoldCo.) up-listing to NASDAQ Capital Market on Monday (from OTCQB)
http://www.prnewswire.com/news-releases/wmih-corp-to-list-on-the-nasdaq-300148847.html
IMO the "real game" (and fun) will begin when WMIH has a profitable business and uses its (at least, perhaps more to come!) $5.9 bln. NOLs for paying ZERO taxes for many years.
They will outperform any competitor in the same business. So it could be advantageous to hold your WMIHs a little longer. No trading advice, just my personal opinion!
Great post BTW, thank you!
WMIH cannot be bought without nullifying the NOLs...
Ask very thin, up $0.13 now BTW, Level 2
http://cdn1.boardpost.net/quote.php
Yes, or UNLESS the Qualified Acquisition has already taken place (perhaps yesterday?) and will be announced soon (they have 4 business days for an 8-K, so perhaps on Monday) and the BOD knows that this will propel the PPS sustainably beyond $4 (listing requirement for NASDAQ).
3-year chart overall looking great
Now the RSI is very bullish again and the Accum/Dist is on the way to its previous all-time high!
The MA-50 is turning upwards and hopefully will stay above the MA-200
Chart courtesy of StockCharts.com
That's a Bullish Engulfing Pattern in the weekly chart.
bkshadow, simple and plain: a false statement!
...and, no, IMO there is no credence to the suggestion that $1.88B was only for the deposits (basically, deposits are liabilities; they are assumed not bought).
EXDIMER, let me answer your question
Have a look at my post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115783540
Question for you, why isn't there a lawsuit or other legal claim for these hidden assets if there is a credible argument for there existence. Answer that.
Could you please explain WHY the FDIC could have a subrogated deposit claim AT ALL? JPM "bought" all the $188.3 bln. in deposits (insured and uninsured) (IMO for a premium of $1.888 bln. which is 1% of the $188.3 bln. in total deposits of WMB).
The FDIC had no costs at all with the resolution of WMB according to their PRs.
Another unambiguous definition of "premium" by the FDIC...
https://www.fdic.gov/bank/analytical/banking/2001sep/br2001v14n1art1.pdf
Page 13:
Purchase-and-assumption transactions.
A purchase-and-assumption (P&A) transaction is a closedbank transaction in which a healthy bank purchases some or all of the assets of a failed bank and assumes some or all of the liabilities.24 The acquirer usually receives assistance from the deposit insurer to complete the transaction. As part of the P&A transaction, the acquiring bank usually pays a premium to the deposit insurer for the deposits it acquires; the premium decreases the total resolution cost to the insurer. The reason the acquirer pays this premium is that the deposit base has value in terms of the established customer relationships, usually referred to as franchise value.25
I also think the receivership cannot be terminated until the Deutsche Bank claim gets resolved. I hope that will happen soon...
Why are you so sure that TPG signed releases and didn't take the loss instead for tax purposes? Many news articles say TPG suffered a complete loss on their WaMu investment...
We now know they were converted with us. I like that!
WMI's loan portfolio: The following article supports this theory...
http://victoryoverchase.blogspot.de/2014/10/is-washington-mutual-bank-fa-straw-man.html