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Impressive chart! Also have a look at the ADX @ 30.88 and the positive CMF in the following chart link!
$WMIH chart: http://stockcharts.com/h-sc/ui?s=WMIH&p=D&b=5&g=0&id=p18454714073
ADX >= 25 confirms a trend and the CMF (Chaikin Money Flow) is positive since April 1st. IMO the PPS could ride on the upper Bollinger Band for a while...
$2.74 painted (1st level pivot resistance was $2.71), 2nd level pivot resistance is $2.77
http://cdn1.boardpost.net/quote.php
This week we should break the $2.77 (Pivot Point 2nd Level Resistance) and then the PPS could easily run up to $3.20
Pivot Point 1st Level Resistance: $2.71
Pivot Point 2nd Level Resistance: $2.77
http://www.barchart.com/cheatsheet.php?sym=WMIH
Barchart overall average for $WMIH: 96% Buy
http://www.barchart.com/opinions/stocks/WMIH
I also expect the 8-K of the reincorporation on next Monday (05/11/2015) pre-market (like the KKR Commitment Letter) and I think the announcment of an M&A will follow in May or early June. JMO
Your logic is not correct, the B Preferreds can only be converted when a "qualified acquisition" takes place.
I think it is correct to say in 12 business days (or less) the reincorporation in Delaware should be completed, but the conversion of B Preferreds goes along with the M&A (qualified acquisition), that's a fact.
BTW, the B Prefs have a lifetime until 07/05/2018 (!)
So it is not a MUST that the conversion will happen until 07/05/2015, but nevertheless I think it WILL, because the big boyz want to earn money ASAP.
WHEN will "fair and reasonable" take place...
13 business days (at the latest) until reincorporation in Delaware should be finished. My WAG: it will be announced next week...
The 3.5B shares are coupled to the reincorporation in Delaware. The vote for the reincorporation passed, so the 3.5B shares are a sure thing IMO
No separate vote needed!
Next resistance @ $2.723 and 96% buy for $WMIH
http://www.barchart.com/opinions/stocks/WMIH
Support @ $2.563
I know!!! My post was a reply to drrugby who said...
Huh? Citi did not purchase B-preferreds?
http://www.sec.gov/Archives/edgar/data/933136/000156459015001104/wmih-10k_20141231.htm
Great article! The author mentions ALJJ. They also have/had (I don't know) usable NOLs he wrote.
The chart of ALJJ has also an amazing Accum/Dist line, almost comparable to $WMIH
Look at the ALJJ 3-year-daily chart with Accum/Dist line:
http://scharts.co/1yU9Bgh
Pure accumulation, with 4 sharp rises in PPS coupled with high volume!!!
The run of the ALJJ PPS is even better than $WMIH IMO, from somewhere below $0.25 to $4.65 now, and almost $5.00 in 12/2014!!!
I expect the same sharp rises with high volume for WMIH when they announce one or more M&As step-by-step, or a big up-gap if it is only one big acquisition!
http://seekingalpha.com/article/3091686-a-catalyst-for-wmi-holdings-to-finally-begin-utilizing-their-nols
You are wrong, please read this post and the referenced one:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113014715
Read this post please, it should clarify that issue:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112471076
It is all about WMIs stock "...ISSUED prior to..." and that is actually all of WMI's stock, even if YOU bought it in the late 2009 or 2010 as I did...
The BOD says:
http://www.sec.gov/Archives/edgar/data/933136/000119312515001790/d845621dex31.htm
I agree!
Sorry Blue, but 11. and 12. are wrong (I assume you mean 2015)!
Chart: Breakout of bullish rectangle
Golden Cross occurred yesterday, RSI is very bullish, CMF positive
The PPS left the bullish rectangle upwards, which could lead to another increase with the length of the flag pole (up to $2.85 IMO)
ADX >= 25 confirms uptrend (24 at the moment, but I expect > 25 today)
Next resistance (red lines) @ $2.65 and $2.70, strong support at green line
$WMIH chart:
Chart courtesy of StockCharts.com
Yes, good explanation, that seems to be the reason!!!
BTW, L2 dead at the moment...
http://cdn1.boardpost.net/quote.php
WMIH now "Piggyback Qualified" since April 19th
http://www.otcmarkets.com/market-activity/piggyback-qualified?search=WMIH&searchType=symbol
What does this exactly mean?
The days before April 19th it was only "Anticipated Piggyback"
TIA
Next resistance @ $2.65, then @ $2.70 IMO
Excellent, MA-50 now above MA-200. RSI very bullish, MACD bullish and Accum/Dist line at its new all-time high! The next days before the shareholder meeting on Tuesday will be very exciting...
$2.65 painted, strong Bid, Golden Cross today!!! Only 0.5 Cent between Ma-50 and MA-200, look at the chart below!
Chart: http://scharts.co/1HqOVhv
Level 2: http://cdn1.boardpost.net/quote.php
$WMIH Golden Cross Today, only 0.5 Cent between MA-50 and MA-200!!!
http://scharts.co/1HqOVhv
Just my opinion and not intended to serve as a basis for investment in any security of any issuer
I think they feel they do not have to answer such nasty questions...
I hope it didn't happen automatically by the bank/broker because all markers/shares that show zero for more than X years will get removed from the account automatically! I really hope it is because of soon issued LTIs...
I think your friend should contact his broker as soon as possible and ask for the reason!!!
$WMIH Golden Cross in ONE or TWO days
http://scharts.co/1NVtnPp
Just my opinion and not intended to serve as a basis for investment in any security of any issuer
GO, it was only a kind improvement request, but if you and the other Mods don't want to change it then OK, it's your decision...
But I really don't understand why many other iHub boards have a daily chart, and WMIH investors have to get along with the IMO not so interesting weekly chart...
And if you click on the LINK, you also see the weekly chart, and have to change it to daily and click "update". Two clicks too much...
I don't want a link, I know how to create daily charts at stockcharts.com, I want a fully exploded chart like the weekly chart in the i-Box so new investors can directly see it.
On many other boards daily (and often additional weekly charts) are directly visible:
Like here:
http://investorshub.advfn.com/Ballard-Power-Systems-BLDP-2490/
http://investorshub.advfn.com/Fannie-Mae-FNMA-13035/
To a MOD: IMO we should have a 6 month daily WMIH chart in the i-Box like the following one with Accum/Dist line in the background, and the RSI, MACD and Parabolic SAR:
http://scharts.co/1HxATuU
Could any mod add it please? Contrary opinions?
Short squeeze possible! In addition to the positive chart indicators (especially this amazing Accum/Dist line!!!) there is a big short interest of 761K shares as of March 13!
http://www.otcmarkets.com/stock/WMIH/short-sales
On February 13 there were 785K short, which increased to 940K on February 27!
So when M&A news get released it is quite possible that we will see a short squeeze here. JMO
I am also owner of many escrow markers but I cannot see anything positive in this document. Rosen states, that the debtor was never in the business of issuing or servicing mortgages and that almost everything of WMB was sold to JPMC. You must have read a completely different document...
I own many escrow markers and I am absolutely pro-escrow, just don't see anything positive in Rosen's statements...
Golden Cross imminent: MA-50 @ $2.64 and MA-200 @ $2.72
Only a few days and we will see a Golden Cross
Next run to $3 ?
It is mainly because of people like you (and some others here) we are not at 5$ (even without an announced M&A)! IMO the Accum/Dist clearly shows what is up behind the scenes and I will continue buying more $WMIH month by month...
But do what you are best at...
$WMIH Pivot Point @ $2.46, 1st level resistance @ $2.52, 2nd level resistance @ $2.56
http://www.barchart.com/cheatsheet.php?sym=WMIH