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once the shorts are through covering and holding this back...your halt is coming...in the mean time: ALL ABOARD!!!!!!!!!!!!!!!
you think so? The volume is very unusual, i dont suspect a leak on settlement, however definetely not just speculation. I think it may be a leak on the 4B though, who knows maybe even the creditors that are owed money from WMI are buying this too. I like the steady pace. Those of you complaining why, when and where this will get higher....HELLO since sept 18, 2009 its up 75% ....stop your compalining.... get in, sit down and shut up....enjoy the ride!
IMO
Thx ...I am one of the lucky ones that got in at .02 .... I originsally bought 1M shares ...but flipped more than a few times... Im now at 250K shares. :( but the good thing is i am riding free shares...so I won't be cashing out until Diamonds 12+ and if things dont go my way .... no matter im already a winner.
GO WAMUQ
I can't wait for next week. This is awesome. Who knows what it will bring....maybe a small pullback but that won't last...Holding strong until settlement. GO wamu
if ABIGHAMMER gets paid....ahhh you know the rest.....LOL
here we go....everyone put in an orde no matter how big or small 2 mins lets push beyond this.23 resistance and slpa the s*it outta nite....GO GO GO
hey, im buying 20,000 but i didint want to make ppl feel bad sheesh...the point is this 1% we reprent in buying power can help push us beyond the resistance
Lets all buy 1000 shares or more at exactly 1 hour before close....who's in?
SEE YOU IN VEGAS PARTY PEOPLE!!!!!!!!!
Jdge sleet and Walwrath push this though! creditors and shareholder need to get paid.......GLTA
Thanks JD and Rick...I'm off to work. All leave the explanations and clarifcations in your hands. Have a great day. I know I have a skip in my step (ok that sounded gay) you know what i mean...
GO WAMU
I suggest you go back a few months and read the thousands of post here. Im sorry to hear you lost that much, if you still hold the stock ...keep holding....if not, buy it and make your money bak and then some.....
well were just excited about the forward progress, usually we move up for a couple of days and then back off and down to settle at a cetain number for weeks on end. I dont think any original investors are thinking of selling. I am personally excited by the way things are going down, good volume and steady uptrend, close gap makes it a nightmare for flippers ...I LOVE IT
whatever the case....wamu's moving and thats all we should care about.
at this point I dont think most of care on how or when it goes up, you and i and othyer regulars have been here for a while and I am happy to see that our patietinece is paying off. This may even go back down and the flippers will go away, but in the end the longs will win. I would be happy if this was our new bottom. Something tells me that the shorts covering slowly are controlling this as best they can, I think an upward move until the anniversary will be unavoidable, to think the shorts are losing money by the hour ....for once the longs are out performoing here. I just got 10 friends to buy in......GO WAMU GO
GO WAMU!
i think the down trends are the flippers and profit takers, which is fine it's all part of trading....I just hope that the volume is more of the shorts covering than profit taking
I agree that would set up a nice week nest week. I've been enjoying the wamu ride, and can hardly concentrate on work....
wamu retirement hasnt kickedd in yet....LOL
It's a shorty signal to settle....it's been around for a long time.... but the shoties know that ...so they may play games. But they can do whatever they want this stock is on the move and not even nite can stop, he's slowing it but not stopping.
GO WAMU
I disagree. I have been in this stock for almost a year and we have never had a steady climb, A small pull back yes, but now way this goes back down, this stock has been undervalued for a long time. Pull your profits if you want but when the wamu train moves it chugs right along..... shorts covering their position and that only drives the pice up.
IMO
GO wamu !!!! HOLDING 250K shares until settlement or otherwise.
if diamond hits the 12+ i have a huge apology for him in vegas, but he definetely had the fore sight as most of us me included deemed him crazy when the pps was .03-.05
Go figure....diamond in the rough.......
GO WAMU, go diamond go abighammer.. lets blast JPM
Nice post roller..........PAY UP DIMON
Here here to that! More so though these damn MM's just let go already, move on to the next stock, set us free NITE....set us free.....
I hate to say this but i think we need to forward the wamu robbery to that butthead michael moore......LOL
Seizure might have been a protective move by the FDIC as it did with Indymac and others.....but 1.9B come on.... no smoking gun...that's it right there (how was the value estimated when no others were involved in the bidding process)
I dont mean to reject this persons input but only the very high up know what happened. If this were a case of growing to fast and high risk factors then why the lawsuit?.... a simple BK would have sufficed.
IMO
any news is good news, as this stock has been behind lock and key for a while. IF this hits mainstream media it will rock the financial world. Settle already you bastards JPM and FDIC
YES! I rather inch along than have major upswings. I have been observing the board and reserved my comments as 75% of the posts were just flat out guesses on pps movement, not interested in discussing here say. I think I read 4 post this weeks that read something like: If we hit .18 this will run, if we break the .191 resitance we will hit a dollar) please spare me your vegas style shots in the dark, lets enjoy the steady climb and not scare the new investors away when it dips....
All i can add is this steady climb is a definite consolidation on the shorts, they are slowly converting as to not cause a major run. (based on my investment experience)
I really don't understand nite and the remaining shorts, why are you still here? seriously you are losing thousands if not more everyday in small consolidtion, unless JPM is somehow behind the short market....hmmmmmmm.
I don't like guesses so I reserve myself in saying that simply to those who feel this will string itself along unitl 2011, your dead wrong, this is a BK case, creditors need to get paid and I am sure they will apply much needed pressure after the anniversary.
GO WAMU
good summary, very accurate.
I think for the most part wamu has won all it's battles, in regards to recent volume and pps price, we are not strangers to this movement and it seems we have settled into a new bottom. .13-.14
There are many reasons why we could have had the movement we did.All i know is that this is a bk case and it needs to be addressed asap, creditors need to get paid and the fact that they're not pushing harder to get paid tells me we are close to something happening, or at least promises made to the creditors.
Settlement will happen, how much? when? and how? we can guess, speculate and dream all we want, the reality is; all of us will be blinsided in my opinon. We'll wake up one morning and Bam. News
IMO
GO WAMU
TRUE though i doubt daytrader create this volume.... I think it's a combination of all that both you and I mentioned. Monday will tell if this is just another run to short it again. I doubt it though I feel strongly aboout this run. We are closer than we were in march, BK court cannot withhold from creditors this long..... hammer is coming down....
the diffence is most post opinions, but 7nech post was supposdley fact....a headline when suggest fact.
I have to beleive there was something that motivated this run. No way it was shorts covering we would have seen this skyrocket at the sign of major buying (shorts having to purchase the shorted security as to diminish their loss)
I think there was some covering, however i feel these were major players that bought today, maybe something was leaked... not saying settlement but definetely some positive news that would cause this run.
Not sure what to think as the majority of us have been here before, easy to feel skeptical but my gut is telling me some major news will come out this weekend ....
See you guys on Monday.
HOLD STRONG< BUY MORE ON DIPS AND GO WAMU
Ok i looked everywehere too, Im sure i'll get deleted to but what the hck will a post with a bogus headline do for credibility...really why even post that......
Rock and a very very very HArd placE
go WAMU!!!!!
I'm telling you this smells more and more like the typical
JPM dimon CRAP! if you gogole his name there are endless links to fraud linked to him and JPM that include the likes of madoff. JAIL BABY ....JAIL>
I don't know if this had been posted, but this summs up quite a bit for the naysayers.:
JP Morgan Chase Claims in WaMu Counter Suit, Proof of Fraud or Perjury
Written by Frank Lordi
Tuesday, 24 March 2009 22:47
On Tuesday March 24, 2009 JP Morgan Chase filed a counter suit against Washington Mutual Inc, WaMu's former holding company as well as the FDIC in an attempt to protect its "purchase" of Washington Mutual Bank and it's assets from the FDIC.
On page 9 of the court filing JP Morgan Chase asserts the following, "JP Morgan Chase only had two days after being briefed by the FDIC to submit a bid and then only twenty-four hours from the time the bid was accepted by the FDIC until the time the acquisition closed to complete the single largest acquisition of a failed institution in United States history. The circumstances which led to the execution of the P&A (purchase and agreement) meant that JP Morgan Chase had limited opportunity to prepare for this unprecedented transaction."
The mainstream press has refused to report the truth about the seizure of Washington Mutual, including details of the FDIC brokering a secret deal with JP Morgan Chase, well in advance of the $300 billion bank's seizure and sale to JP Morgan Chase for $1.9 billion.
In a strange turn of events it now appears as if JP Morgan Chase either committed perjury by lying in the counter suit filing or committed fraud during conference calls with its investors, on September 25, 2008 as well as on February 9, 2009.
According to the FDIC, the mainstream press, and JP Morgan's countersuit, the deal was done almost overnight. JP Morgan specifies they "only had two days" time between being briefed by the FDIC and making their bid to the FDIC. As you will now hear from JP Morgan's own conference calls, this cannot be true unless they were lying to their investors in the September and February conference calls.
9/25/08 Conference Call
Listen to Audio
Question: You sounded as if you really had had a lot of time to look at the loan tapes and everything else as you said. How long did you really have to get into the data rooms and do the due diligence here?
JPM Answer: I don't want to go into the details specifically but we had a lot of time. We had a lot of detail. And a lot of very direct conversations. I mean we had probably 75 people at JP Morgan Chase involved in the process, both going through data as well as talking to member of the company. And we used our full resources including our mortgage folks in the investment bank to run the loan tapes and get views on values. It was not a rushed analysis.
Question: So it was more weeks than days? Is that fair?
JPM Answer: It was... I'll just tell you it was probably one of the most thorough things that we've ever done.
9/25/08 Conference Call
Listen to Audio
JPM Statement: We spent an awful lot of time going through an awful lot of detail coming up with what our estimates are. These are not estimates that came together in a 12 or 24 hour time period. They're estimates that came together over a substantial period."
2/09/09 Conference Call
Listen to Audio
JPM Statement: I'm going to go on and talk about Washington Mutual for a sec. We did a lot of work over a long period of time at really analyzing the company.
JP Morgan filed the counter suit as a direct reaction to Washington Mutual Inc having filed a lawsuit against the FDIC Friday March 20th, accusing the FDIC of failing to meet it's obligations as receiver, in that they did act in accordance to the Federal Deposit Act's mandate that the Receiver (FDIC) is required to "maximize the net present value return from the sale or disposition of such assets."
Comparisons to the sale of IndyMac were also mentioned in the complaint. The failed bank had 33 branches, 18 billion dollars in deposits, and $20.7 billion in assets. It was sold by the FDIC for $13.9 billion.
Washington Mutual on the other hand had 2200 branches, $160 billion of deposits, and assets worth over $300 billion in assets. The FDIC sold all of this to JP Morgan Chase for $1.9 billion.
JP Morgan Chase's counter suit claims the banking giant purchased WaMu in "good faith" and seeks to blame the FDIC for any wrong doing. In doing so, JP Morgan may have committed perjury by misstating the period of time in which they had to assess the purchase as two days. However, if they only had two days time to figure things out, then they have likely revealed that they are guilty of fraud by lying to their investors, having repeatedly raved about the in depth and "thorough" analysis they did over a "substantial period" of time.
JP Morgan also claims that they purchased more than $4 billion in cash, which they believe was included in the $1.9 billion dollar purchase.
good cause is promise for a heavy settlement.... which wamu team would gladly sign off on....so we cant rule that out
I have been saying this for a while, even if they are contiplating settlement....it will be months from now....much to be done before now and then. IMO we need strong pressure from creditors to push hard on JPM and this weak BK judge.
Impotants dates continue to come and go... this will be unperdictable until the end. When we last expect it we'll wake up one morning and hear of a halt or our stock symbols changed to JPM
SAME OL RCCH.....just checkin in as i sold all my shares in this stock. I see nothing has changed in a month ...BIG SUPRISE....
maybe in 7-10days ....LMAO....GLTA
yeah, i was thinking along the same lines....were not talking about pocket change here they're owed billions.
This certainly goes with my intuition of JPM actions and the appealing, but they are running out of paperwork to file and i have to agree with a poster (not sure who it was) that JPM knows they will have to pay and they are just holding out as long as they can.
come on VIC aren't you a little disturbed by this slap in the face. THe BK judge should come down hard. In fact the creditors should start putting some real pressure here.
i agree, a settlement maybe in the works and talked about, bit if wamu has strong evidence they may not want a settlement. If the Jpmc turns and points the finger to the FDIC, there may more to gain. This however does not get JPMC of the hook, if they claim wamu was solvent, why wopuld they buy them for such a undervalued amount without some concern of the consequence.
So IMO wamu is in a good position, I think the course of action for 8/24 will be to award wamu it's 4B so that it may begin to payoff creditors, (this will cause a small jumpp in the pps) we then will hear of new dates, but not too far down thge road as this is a BK case.
It's not a question of how? it's when?
JPMC unfortunately has a few more tactics, and if the're granted the appeal, expect a small drop back to .08 and a long term lawsuit.
IMHO
As for a settlement before or after 8/24 i seriously doubt it.
yeah.... i had 5g's to throw around and i ended up getting a small fill on wamuq. I cancelled my tall order and moved to some p's
too little too late with borrowing and shorting stocks. The recent sanctions and short selling tactics halted show the increase in the dow....IMO
No way to recover the lost companies that fell victim to the wrath of these bastards shorts sellers, and although perfectly legal at the time, betting on a companies demise can't sit good with anyomne.
If you're a short seller go back in the rock you came out of.
GO WAMU>>>>>>>>>>>>>>>>>>>>>>