Go Wamu!! Go JBII!!
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Fish I totally agree with you 100%. I feel it was all a ploy to get JPM to admit in writing the 4 billion of cash deposits that they claimed was there's from the beginning, actually is WMI's. If this was all intentional it is INGENIOUS !!! It really puts JPM's credability under a rock and out in the open. I think the FDIC was a little smarter by not sighning off because that would also put them in that same position . This is all only my opinion!!
I just sent an email to cnbc's Squawkbox here it is below .
Good morning, I would like CNBC to do more research and tell the whole story when delivering a report on your news channel. The JPM / Washington Mutual "settlement" was ONLY a proposal ! That's it ! There was no "settlement" ..... The FDIC , Judge Walrath and the Equity Committee have NOT sighned off on it, so it is very misleading when a "SETTLEMENT" announcement is stated. Please further your research and restate the TRUTH !!! That's if you have the guts !!!! Thank you for your time.
CNBC just had the FDIC "no go" story. At least we are starting to hit that mainstream media.
LMAO.......lol
Oh Believe me I have the B's !!! I was ready and waiting all day Friday for that POR to come out ! I knew that the people who did not do there DD were going to panic like they did on 3/12. I picked up more then at .10 I was thrilled I bought at the bottom that day I knew there would be a bounce . That is what I was expecting tomorrow . But not any more !!!! I'm thinking of now buying some more at the ask !!!
If so we are looking at a settlement on the high end !
What's everyones view on Mondays PPS now that the FDIC is a no go ? I was hoping to pick up some more cheapies ...... Now I'm not soo sure that will happen !!???
A share is a share .... Period
No, I understand what you are saying , I've been long now over a year. Holding all my shares at .11...... But I have to disagree with you with your comment........ " As for my understanding it does not depend at what price you buy unless you are a flipper...". Yes it does matter what price..... Lower price = more shares= more $
Alright everyone ! If in case we drop Monday morning I want to buy buy buy the uq's. What does everyone think? I was thinking of a buy limit at .10? Anyone ??
I bet it starts running up again in the last 15 min....
Well if this keeps going up until close ........ HMMMMMMMMM ;)
Anybody thinking of a leak? Maybe something after hours today? IMO
FF is up 5.88%
Great news !!! (Reuters) - JPMorgan Chase (JPM.N) is closing in on a deal with the Federal Deposit Insurance Corp (FDIC) that could result in a tax refund of about $1.4 billion for the bank, the Wall Street Journal reported, citing people familiar with the talks.
JPMorgan was not available to comment on the report.
As part of a larger settlement with Washington Mutual's bondholders, JPMorgan can claim $1.4 billion of funds in the FDIC receivership to protect itself against exposure to mortgages that WaMu serviced, the Journal said.
Washington Mutual Inc (WAMUQ.PK), which is tied to the biggest bank failure in U.S. history, is eligible to receive about $5.6 billion in tax refunds as part of a court settlement. WaMu was seized by the FDIC in 2008 and was later sold to JPMorgan for $1.9 billion.
On March 12, Washington Mutual agreed to split the two potential tax refunds with JPMorgan and the FDIC.
WaMu agreed to receive $900 million of a $2.6 billion expected return, with the rest going to JPMorgan. A second $2.6 billion return will be bring in $1.04 billion for Washington Mutual with the rest going to the FDIC.
(Reporting by Anuradha Ramanathan in Bangalore; Editing by Dan Lalor)
Our EC can now intervene at the bargaining table !!!
Welcome !!
I hope u are right !!!!! Lol
MISTAKE ... I meant .005. Lol
My feeling today is a morning dip but by 11:00 am I think we will be on the positive side , I'm going out there with my gut and saying we are going to end up .05 today. Why you ask? After today there is only 2 more trading days left until Fridays hearing. I don't think the MM's want to push this too far down to cause a Huge buying spree and set of a stop loss ....
My feeling today is a morning dip but by 11:00 am I think we will be on the positive side , I'm going out there with my gut and saying we are going to end up .05 today. Why you ask? After today there is only 2 more trading days left until Fridays hearing. I don't think the MM's want to push this too far down to cause a Huge buying spree and set of a stop loss ....
I'm with you! If I didn't get shakin out on 4/12 there not going to get me now!!! I took that day in a positive manner and I sold some and rebought 50% more shares! I would like one more day like that. :) PPS is not going to matter in the end. It's the amount of tickets you are holding .....
What are we expecting today? MM's going to drive this down again ?
I agree $24.00 also .... It's a good starting point. We all have to remember why we all invested in this in the first place!!! I will absolutly not be shaken out of this. It is all or nothing !!! You also have to remember we are sooooo much better of now than we were a year ago.
Here is a NYTimes article from September 10, 2008 stating at that time before they were taken over that WMB had 310 billion in assets...... Take a read. http://www.nytimes.com/2008/09/11/business/11bank.html
Incredible post fish !!! In a nutshell !
What do u mean by up to date ???
Yep , I guess it wouldn't hurt right ???
We will absolutly blow away our .70 high !! IMO
I have a question about the Shareholder Letter of Authorization. I have been a common share holder of wamu for about a year now, all were purchased before March 03..... But on Friday the 12th on the downside crash I sold all of my shares and rebought at a lower price and picked up 50% more shares!! Now since all of my shares that I currently hold were bought after the March 3rd date listed on the SLA form, am I now not able to submit that form?? Can anyone answer? Thanks for all your help in advance ! Go wamuuuuuuuuu !!! Thanks, Wamunut
Hopefully some PR over the weekend. If so the PPS will start shooting up again.. I for one will not be doing any flipping .... Too close to the big payday !!! I'm calling it...... another offer Friday,,,,,, $4.00 which will be turned down.....IMO.
What's with the heavier volume the last hour ??
Settlement: 100%
Timeline: by next Friday
payout: $10.00
I think JD is workin on numbers now. This is one deal he does not want to drag on! IMO
Hey just got home. Are the MM's taking control again ? I thought we would be up at least 3 points !!!
Goodnight everyone ! Tomorrow's a big day !! I want to get up early for FF . Good luck to everyone !!! Goooooooo Wamuuuuuuuuu !!!!!
THJMW !!!!!!!!!! Thank you !!!!!!! Let's go green !!!!
Hey everyone !! I'm a newbie to this board but I think I have read just about every post here in the past year. I have been a long of wamuq for about a year now. I bought 35,000 shares at .11 and NEVER waivered !! I have learned sooo much from everone in here I do not know why I waited soo long to join this board. I feel like I know alot of you in here , anyway I just wanna say hello and I will finally get involved in this board ! Go WAMU !!!!! Justice will prevail !!! The big money will come !!!