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I spent the last 30 hours reading and doing some deep DD. I am happy to say i am on board completely withg wamu and although anything can happen I am now leaning more towards a favorable verdict in regards to common shares. I have always held a strong position with wamu regardless of my flipping tactics. Like I said in the past I am riding free shares and you would have to pry my 250K shares from my cold deaD HANDS.
I still cant agree with diamonds 12 plus but I can see how something above $6-8 pps is more than likely.
I tried to buy another 50K shares today and I only got 4000 filled, which means something is up.
My doubts are no longer abiut how much, my thought now lay on when? My guess is close to the end of September.
GO WAMU and sorry for my skepticAL ways.
and your point is? Speculation at any level is still speculation, so strike that wamu has any wrong doing....doesnt that still leave us in the dark?
JPM could take this all the way even if they stand to lose....they can always appeal or go after the FDIC or play the blame game....we are all speculating.
IMO thgis is why we are still at .10
Why do people respond as if I dont want wamu to win big. My point is this 27 million shares in commons is roughly 2.7 million dollars, yes not a drop in the bucket but if they lost that....well lets just say it wont hurt much. They probably covered their common position with h's and p's.
And if such a large investor is in on it why are we still at .10? certsainly the mm's arent that stupid. They have 55million shares that say wamu will do that exact opposite.
So lets consider both sides of the coin, thats all i am saying.
I unfortunately was on the end of a lawsuit through a company I worked for....there are always skeletons. If this goes to trial things pop out of the woodworks. Yes much DD and research but at the end of the day ITS ALL SPECULATION.
Again being devil's advocate on a board thats all pro wamu is a tough gig, but I express my feelings and though they may not be backed by your so called DD.... but question to you is why are we still at .10 if this stock is a guarantee?
yes its not a sure thing....just my point....ANYTHING could happen.
excuse me for being grounded or cautious, just as you are bothered by cancellation talks ....pumping bugs me just as much when there's no real answer ....we are all speculating and you know it. Don't tell me what to do with my shares...I think I know how to handle my finances.
I am sorry you don't think cancellation is poissible, i think it's good to be optimistic just don't put all your eggs in one basket....
I have always maintained this position and will continue to do so. I am entitled to express myself just as you did, doesn't mean either one of us is wrong. In fact i hop i am dead wrong.
that still doesnt tell me there isnt a chance they can be cancelled. I have been here since sept 08...so no need to tell me about DD. All i can tell you is that BK's are tricky and what looks to be cut and dry can turn out to be the opposite. Yes, i agree there are major players such as TPG involved it still doesnt mean it's a golden ticket. If that were the case we would be at $1.00 or more, so ask yourself why are we at .10 ....mm's can hold us down, but really why are they holdiong at .10 ....chances swing either way.
why $8? because thats what they were offered prior to the robbery? Then I side with diamond on the fact that if they didnt take $8 before they wont tAKE IT NOW. The point is its all speculation and since were speculating I consider that wamu has a few skeletons of there own and would take a $5.00 settlement. This maybe a long term lawsuit, and thats the more likely thing. All of the wamu dates have panned out to nothing. If there were any signs this stock could win without cancellation don't you thing the big players would be jumoping on this? the mm's cant control big money. The pps hasnt moved other than a small climb today, it may close green today but by wednesday we'll be back at the .09 and lower.
Unless someone makes some kind of decision or a major leak happens.
I dont consider myself an antagoinist, just very realistic.
and that's ok.... I don't post that commons may be cancelled to bash, it's a possibility just as settling for $12.00 is a possibility....all i am saying is anything could happen.
it's cool if you disagree and I hope i am wrong.
I disagree on the $8-12 pps. I think more $5.00 range at the most. Settlesments usually are a fraction of what damages would be, so I doubt wamu gets face value.
JMO
no way as in becuase you say so and thats it? There's always a chance commons can get cancelled. Welcome to pinks and BK.
Yes this is a special case and the chances are slightly slimmer, but there's always a chance.
Good luck
your smart. I flipped this puppy several dozen times. I can say I am happy with the money I already made. I jumped back on at .08 and I am leaving it for some good news. If things go our way we can celebrate and if not I can chalk up $90,000 in profit. I bought 1M in the .01-.02 and sold at .14 since then i have flipped several times in the range you have.
I took my gains and bought some solid BAC, AA, AAPL so I can say i had a good year.
IN the end I hope wamuq survives and gets at least $1, but logic says that BK's are funny and anything could happen. I feel if wamu can legally cancel shares and end up with way more equity they'll do it. Wouldn't you?
So I am not bashing, bragging or otherwise> i just see a lot people putting way too much time an energy and hard earned money into thwe wamu basket and the dollar ranges that get posted are in my opinion ridicuous.
JMO good luck to all as I too want wamu to win.
I agree, couldn't have said it better!
You guys can pump it all you want nothing is happening. The buys are just routine, we won't break .11 ever again.
Settement, and a chance of cancelation of commons is how i feel it will go.
JMO
Sorry for being realistic.
GO WAMU
Riding 250K free shares Wooo HOoo
i think point of the lottery ticket is that most people that are in for the long may end up with a large sum of money....or none at all. no one buys stocks just to pull out thier investment.... so yeah pretty much like a lottery....AT lest this stock.
Very well put. Lottery ticket indeed. Like I have been saying since march, a settlment will more than likely be the case but it won't come anytinme soon. Lawsuits take forever and wamu important dates have come and gone and here we are at .09
My take is this: I have already made my money on this stock and i am riding free shares, I chose to do so becuase it is my OPINION that commons will be cancelled, is still bk case. Yes it is a special BK but in the end if wamu can come out with more equity by legally cancelling they will.
Dont write to me about TPG and the Chinese, they have so much money it doesn't even matter, I am sure they wrote off most of it, or for that matter bought preffereds.
I think JPM are crooks but even if they decide to take this all the way they can get a judgement turna round and go after the FDIC...so we can expect at least a few moreyears ot of this. So if you bought long.... stay in and hope for the best, but i wouldnt check this stock every day or even every month for that matter. Set an alert so you know when things happen. reading the pumping and the bashing on this board will drive you crazy.
Good luck to all Wamuers....
It is absolutely a possibility that they can cancel common stock. TPG and Chinese don't have a say. This is still a BK stock and anything can happen. Do you think they would rather do the right thing and make all of us rich in order to save face or lawsuits with TPG and Chinese?
If I were Wamu corp. I would cancel common shares, payout the debts, and find a way to issue new common stock shares. Or do you think these big time lawyers are fighting for the shareholders?
Wake up people, I am hopeful too, but this is not a sure thing otherwise we would be trading for way more than we are. MMs couldn’t even hold it down.
The reality is; anything is possible. The sooner we believe that the easier it will be to swallow.
GO WAMU!!!!! and great posts lately.
I'm not even gonna take part of that. Ridiculous!
and I thought $12pps was plain pipe dreams, your not only dreaming but clearly on something.
JMO
got that> Just checked. I'm on my way out.
GLTA
LMAO... I think Gene should get 7-10 years for robbery, fraud.... you name it. This stock is bogus and I should have sold my position.
I still think JPM is going to take this all the way. No settlement. They will just turn around and sue the FDIC. This is a long, long process.
In the meantime i got back in as I had sold all my wamuq again. Yeah for me up to 114K flipping this puppy.
Go wamu
ooohhh. forgive me for adding easily to the equation. it can be overturned! that's my point. you're focusing on the wrong principal. My point is nothing is set in stone. Wamu hit a milestone yesterday but it can still go many different ways.
your answer is well written, concise and very intelligent....BUT all speculation! Do you really think if JPM didn't have a chance in court they would have taken it this far. JPM has an ace card otherwise they would have settled, unless their lawyers are royal idiots.
BTW if your statement were true don't you think the wamuq PPS would have sky rocketed after yesterdays news....that's my point.
who's lumping appeals? the 4.4 B is not even a discussion. that is wamu's money. I am talking about the discovery. The court process in BK is way different i agree, but let's not get ahead of ourselves, abatlle was one but we have a long road.
i would never sell my shares because i beleive that wamu has a case, but having a case and flat out having JPM settle because of what they may find are 2 different things. Many things will happen and it will be interesting, I wish the media would pick this up.
flat out WRONG? you have never seen an appeals court overturn a decision? Please anything is possible. I think the FDIC should be more worried than JPM. JMO
listen i'm all for that and agree. But can we settle the populous down, this is a long term thing. No days, weeks or months.... A poster said yesterday: "I'hate to be out for tomorrow" and of course nothing happened, nothing will happen.
Not for a long time.
GO wamu
in it since day 1 and still here.
why no way? Clinton filtered billions of chinese money. We live in a crooked world people. anything is possible and at the end of the day wamu is still in BK
ok, isn't that mere speculation that they have any wrong doing. Discovery is a normal process in litigation.
I firmly beleive JPM had their dirty hand in it. But can you prove it? The point is nothing is popping, no one is scattering and panic hasn't set in, it probably won't. JPM if any probably covered their tracks and by the way expect an appeal today by JPM. It could easily be overturned or challenged, hence by prediction of many months of litigation.
This stock will creep up only if wamu can peek out of BK other than that be happy with the .08-.13 pps and try to cash out on the upswings.
everything else is speculation and pure cloud 9 dreaming.
Reality check people.
GLTA
did you see a complaint? all I saw was 15m shares volume that don;t translate to much dollars. And yeah I threw $107.00 at it. in case Gene is for real but I thik=nk this was another of his dumb a** stunts, like the bogus press releses. He threw us a bone. I think he'll see tomorrow and bring back down to .0001
IMO
hey man, I hope you're right! I just don;t see that yet.
agreed the mm's are forcing this down but if a settlement we're around the corner they would be running like crazy. We need to break the $1pps this will indicate something big is out there.
yeah i know i meant to change that....so if tomorrow we see a huge pop... i am with you game is on. The mm's would have to cover forcing them to buy and sell and then there's no stopping this.
you seem to think I don't want this to win. I do. I really do. BUt this is only one battle of the many ahead. I will get excited with you when the stock hits $1.00 and we're out of BK. this will get us and the other Wamu's out of the pinkies...then you're talking.
Then we can jump around and celebrate I may even jump on your $12.00 bandwagon.
GLTA
ok, agreed discovery is scary. So why did this not hit $1.00 at the very least. There is still unless possibilities, remember we are in BK many rules don;t apply. That's why this stock hasn't blown up IMO
i did, and bought and sold and bought and sold and bought and sold......
That's the whole idea.
Just keeping people grounded dude.
agreed. But nothing will come of this in the next month or months.... the wishful thinking gets irritating which is why I only check in every one and a while. I can only handle a certain amount of ridiculous wishing.
GLTA ...just being devils advocate.
again, hope i am wrong ....
Go wamu
NOTHING...yet. I agree all of this good news....but it's not like JPM will welcome them with open arms discovery can take forever and by the way it cost money to employ people to go through tons of files and paperwork and I am sure JPM shreaders are working overtime, this is a long term lawsuit. I even like to forget i am invested cause i know it will take a long time. we are months if not years away from anything. I bet you we dont get past .13 this whole month. and I also would be willing to bet JPM doesn't settle for the rest of this year. And don;t rule out cancel shares. yeah Wamu wins lawsuit but screws shareholders..... so i wouldn't go spending my money before you get it.
I have been watching and watching and waiting since october 2008 so no need to lecture me on DD or what could happen. It's all here say and pipe dreams. Yes we risk on that but no need to get excited over mere speculation. They can appeal and delay this for a very long time.
hey i am with you. I just don't see the volume needed to really drive this home. I mean how many shares outstanding are still out there? Until those get consumed....nothing much will happen. I bought 1 million shares and I don't plan to throw any more money away on this. For all we know Gene bought the shares himself. Hell I could have bought that much and created volume.
I have been in this for some time and this 7-10 days irrating comments just drive me mad.
what is everyone excited about 13 million in volume= $1300-$2600 not exactly a huge sign. IMO
REALLY? FDIC appealed ....can you say long term? paper pushing my friend.
Another important date came and went and no change.... wow what a surprise, well not really. This is long term people. No one is settling are you kidding? JPM has got nothing but time. the only improvement I think will be that the mm's won;t play with this as much, for now. But i don;t see any big numbers any time soon. Good luck to all. Hope i am wrong, but not likely.
Go wamu!