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Closed exactly on the bottom line of the ascending triangle!
50-day line turning around and pointing upwards now!!!
MACD positive!
http://scharts.co/1smzFbx
Tomorrow break-out to the top very likely with good news of today...
www.bloomberg.com/news/2014-12-11/fannie-freddie-to-start-paying-into-fund-for-low-income-housing.html
Blue, do you think it is probable that the capitalization by KKR will happen as soon as 01/01/2015 (and the announcment of a M&A) or is it more probable that it will happen at the end of March 2015. I know it depends on when a new testing period will start. This could also be the first day of 2015, if the currently running 3-year testing period started on 01/01/2012.
How likely is that? Did you find out more? If it is really 01/01/2015 when a new testing period will start and a new ownership change is allowed then, then there will only be 14 days left to buy WMIH shares before "it" happens, which could lead to a nice run-up in PPS towards the end of 2014. IMO
TIA
Closing PPS fits perfectly into the ascending triangle.
Draw the lines yourself (click on annotate):
Chart:
http://scharts.co/1sjUjc2
Ascending triangle:
http://www.investopedia.com/terms/a/ascendingtriangle.asp
If something is RESET to start something NEW, the OLD ONE is ended in effect.
Wrong?
ONE new ownership change can take place after the old testing period was reset/ended and then no further ownership change can happen within the FOLLOWING 3 year period.
Wrong?
Thank you for your previous answer...
Correct, and that is what KKR is waiting for. The 3-year period triggered by the 2012 ownership change must be reset as quoted (or end) and a new one started, in which a new ownership change can take place. That could be 01/01/2015 or end of 03/2015.
bkshadow, please look at footnote 2 in this link:
http://www.mondaq.com/unitedstates/x/286506/Corporate+Tax/IRS+Issues+Favorable+Final+Section+382+Regulations+On+Small+Shareholders+Might+Be+Time+To+Revisit+Your+382+Study
For our NOL experts
Please read this short (not WMIH specific) document I found:
http://www.irs.gov/pub/irs-wd/201432015.pdf
I think it supports the theory that the testing period for an ownership changed started on 01.01.2012 and the next ownership change may be triggered at 01.01.2015 (or 02.01.2015) at the earliest. Is this correct?!
Are you joking? This is one of the best ascending triangles I've ever seen, even the $2.40 fits perfectly in it. We still have one or two days left to break out to the top.
Look at the chart:
http://scharts.co/1BvhJ6B
...and then click on "Annotate" and draw the two lines of the ascending triangle by yourself, like in the link below:
http://www.investopedia.com/terms/a/ascendingtriangle.asp
The question is, where are the $24.7B that were never amended in court!?
Did they go poof? No! Sure not!
Did JPM acquire them from the FDIC-R for just $1.9B? I don't think so!
So where are our $24.7B at the moment?
Who seized assets of the holding company WMI?
Who will distribute left-over assets after the closure of the P&AA?
Same answer for all 3 questions
PDF page 4: http://www.kccllc.net/wamu/document/0812229080926000000000001
Still waiting for the MOASS to come...
You see the BIG ASCENDING TRIANGLE in the chart??? You know what will happen if the 2.50$ breaks?!? It will blow up
http://stockcharts.com/h-sc/ui?s=FNMA&p=D&yr=0&mn=2&dy=10&id=p31610328608
http://www.investopedia.com/terms/a/ascendingtriangle.asp
I think we will break it because of the Bullish Engulfing pattern yesterday in the candlestick chart...
Nice Bullish Engulfing pattern, tomorrow green...
Yes, back to 2.15$ now!
Blue, thanks for sharing! But what would happen, if the PPS doesn't decline until the end of the year/beginning of the new year and instead it would increase? Let's assume the PPS rises to 3.20$ - 3.50$ again on Jan 2, 2015. Would that prevent KKR from exercising their warrants?!?
The gap between 2.05$ and 2.06$ wants to get filled today
Very low volume now, when will she break out?!?
1 billion = 100$
10 billions = 1000$ (face value)
25 billion = 2500$
...for each P escrow
Very interesting, does anybody know the outcome of this hearing?!?!?
You'd better look at the 2-year daily chart and the Accum/Dist Line I put behind the price chart! Can you see the long-term uptrend and the ADL continued rising, while the PPS is falling since April?
http://scharts.co/1y1svO1
No he was not correct, equity got WMIH, which was not his plan from the beginning of BK
25.8 bln. & 304.2 bln. Q3 FY08, nice
25.8 bln. $ Shareholder's Equity
and
304.2 bln. $ Total Liabilities & Equity
for Q3 of year 2008
Trial Balance vs. Balance Sheet
The document from Govinsider seems to be an internal trial balance sheet that should never have been released...
What is a trial balance?
http://www.accountingcoach.com/blog/what-is-a-trial-balance
What is a balance sheet and why is it prepared?
http://www.accountingcoach.com/blog/balance-sheet
What is the difference between a trial balance and a balance sheet?
http://www.accountingcoach.com/blog/trial-balance-sheet-2
Now I love my Escrow Shares more than ever
The 2.10$ dip is gone
2 x 130,000 "after-hours" today
http://www.nasdaq.com/symbol/wmih/after-hours
More than today's "normal" volume
We posted documents here a few weeks ago showing that WMILT is "creditor" of FDIC-R and so would be ahead of WMB Sr. and Jr. bonds.
When did we hit the 2.10$ today??? How many shares? I must have missed it...
TIA
10 bln. $ make pref whole
MOASS imminent???
I hope JUDGE SWEENEY also listened to Watt...
One could think Senator Johnson sold all his FNMA above 6$ shortly before he came out with his wind down bill, or even shorted FNMA, and then got in much lower, before he made his statement yesterday, just to sell high again... Who knows?!?
When WE know more, it will be too late...
It seems to me Form-T trades are a perfect tool to enable the MMs to play their dirty games, and also to support and conceal insider trading by enabling accumulation/dumping "under the radar".
Form-T trades should not be allowed any more IMO
And how do you consider the 3.6M Form-T trade that was reported after-hours on Nov. 4?
Look at this chart:
You must select 1 month time frame:
http://money.cnn.com/quote/quote.html?symb=fnma
To fully understand what's going on here, read this article carefully! It is really worth reading it!
Read it in total, and then read the last paragraph twice!!!
http://www.reddit.com/r/weedstocks/comments/1xydch/market_maker_speaks_out_ways_of_a_market_maker/
Perhaps there are also other factors, but I think it is an easy game for the MMs to make money, when no news come out! Just IMO
After the drop to 1.775$ the PPS of WMIH closed at the lower Bollinger Band. The Accum/Dist Line is increasing since the 4th of November, when we had the more than 4 million trade as a Form-T trade after-hours.
Especially yesterday the Accum/Dist line increased sharply. And the chart formed a nice big hammer (with a small upper wick)...
Perhaps it reached the bottom. Between 2.05$ and 2.06 there is a gap that could be filled soon...
http://scharts.co/1Bm1aLl