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As soon as we drop an MM on the ask another takes its place. Seems to be walls at the ask every time we downtick.
With all the selling today you probably won't have a hard time getting filled at the bid.
Ironically, that's the problem, most aren't buying at the ask.
MMs keep piling on at the ask. And we're not getting much buying pressure at the ask so this trend will continue until we see otherwise.
Thoughts?
True...it was down as low as .024 (at least that's what I remember). So your post was correct.
For those who got in at .01 and got out at .18 = 18 bagger...
I don't mean to be a downer, but so is the ask.
Still holding...
Down another tick...
I guess WAMUQ has lost its appeal for now.
I just inquired about that yesterday with my TDA account. Here is the response I received:
Thank you for the feedback. We have submitted a suggestion to look into providing Level II quotes for OTC/PK stocks.
Have a great day,
Gretchen P.
TD AMERITRADE Corporate Services
Division of TD AMERITRADE, Inc.
GSCO was at .165 yesterday afternoon. Everyone else won't let it go.
Things can change pretty quick...
Looks like we're dropping a bit this AM. I guess we'll see when we open.
.14s growing again. Looks like our best bet is an EOD run to get through them.
...and .145 growing.
Wow, DOW -680.
That wall at .135 isn't moving.
Next support .12?
Got some more @ .125.
GLTA.
Both -- bought WM the day before the takeover (*cough* robbery *cough)" at 1.72 and I continue to buy WAMUQ. I've managed to average down to about 0.12.
GLTY.
They may be crooks but they are fighting to hold onto it because they can't cover the withdrawal, thus the 48 hours notice of intent to withdraw. They will be scramblinbg to come up with the cash.
After reading about this for the first time, this is what I immediately thought as well. JPM lawyers are working 24/7 to find a loophole to keep the money for themselves. With our crooked legal systems, they'll probably find one and we'll get screwed.
GLTA.
LOL...It was the word of the day in his English class.
J/K man, I had to look it up for myself and I'm 26. Good word.
GLTA and have a good weekend.
Z is in the KNOW!
Looks like .14 could break.
Is everyone selling?
.18s getting KILLED!
Think there will be a dip as the vote happens?
.15 getting slammed
Thanks for the L2 updates xmtlr...
And NITE is a POS! They sit on the bid and ask EVERYWHERE!
z -- how do you have access to these documents? Are they public?
I understand...but if there are enough Ys even if there are more Ns we still have a good chance later today.
How many are needed to pass?
Thanks Z. I hear so many things flying around about once (if) they're out of BK the WAMUQ shares will probably be cancelled.
Thanks for the info!
Assuming WAMUQ shares are still valid by then.
I think we'll see another dip in the AM before the vote is made public. After, it depends on the outcome of the vote.
GLTA.
LOL...I hope they all wear hats.
How can they keep piling on the ask????
Welcome back! We missed you.
I hope the bid keeps stacking or we'll never break this.
I heard tomorrow morning. Not sure what time.
How many more @ .12 to get through?
Just can't get out of that 11.5 - 12.5 range.
Let's bust through 12.5!