waiting for $20 for commons
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Lawrence 147: Good post, thanx
When's this going to end though?
It seems there's always a reason NOT to pay us...
I've been hearing that for two years..
Good luck to all... This may, just may be THE weekend...
Goooooo WAMUQ
Sussmanmay or may not be as good as posters here say, time will tell..
So far Rosen has outplayed, outsmarted, outwitted and over come anything Sussman has thrown his way.
You may disagree but there is no doubt why Rosen is lead attorney for JPMC. He is an amazingly proficient and an excellent attorney.
So far Rosen 5- 0 Sussman
This may be a huge play by Rosen to 'Play for time' because they r going to do what you mentioned and Roll the dice
The sheer lack of crazy volume ahead of what should be the biggest settlement in banking history tells me the market knows this supposed deal may fall flat on it's face..
In fact the market is typically ahead of the news, so perhaps they already know this is not going to happen.
Of course everyone is silently and not so silently hoping for a windfall, but banks don't build skyscrapers by giving up billions without their bacls being totally against the walls..
I'm not 100% convinced JD and FDIC feel they havnt still got some wiggle room here..
They may just call SG bluff and go all the way....
Friday Expectations...
1. Heart says BAM! diamonds 2 x value
2. Head says... Total waste of time and further delay and disappointment..
3. WAMUQ Experience so far... Refer to 2
Can u suggest some to look at...
OMGThis is the best post of the past few weeks lol
Exactly, you're either in to the end at this stage or your not.
Selling in the next few days is IMHO simply pain crazy. I'm buying my last few on Monday and waiting for the rise leading up to Friday... After that is anyones guess...
Of course after I buy on Monday my luck and history here will more likely be the deals fallen through and we're on to por version 7.1 lol
Good luck to long believers...
Mmmm... Walmart are a very profitable company and mmmm What about a bank in every Walmart store offering inexpensive banking for the masses???
Ooooo, I'd love to see Jamie compete with that...
Convenience and no additional rental or major overhead since stores are already built etc...
AND it begins with a WA so they can use two of the WAMU letters to save even more money!!!
A match made in BK exit....
Gooooooooooooooooo WAMUART and pick up some milk while you cash your check....
Yeeeeeeeeeeeeeeeeee haaaaaaaaaaaaaa
WAG Could be Wells Fargo. Just noticed they've taken over a lot of banks and are now becoming a very visible retail banker...
Quite frankly, no one except those closely involved have a clue what's going on, and just as we were suprised at the announcement 2 or 3 weeks ago, we'll be surprised good or bad when AND IF it happens...
We may still be talking about por 14... Just like a Rocky movie lol
I just don't care anymore, I just know the shares will at some point be worth more than 13 cents..
Listening yesterday I was surprised at how confident and relaxed Rosen was. I can't begin to speculate on what makes him 'tick' but he sure didn't sound like a guy under any pressure or concerned for his liberty or worried about being seen as a failure in this case...
I think the board here should as someone posted stay clear of 'cloud nine' predictions of huge $$$ settlement numbers and just be happy commons SHOULD remain part of the deal..
I say should, because I still have a feeling we may all be screwed by a masterful lawyer like Rosen. Whatever you may think of him, he appears completely in charge of this case and seems to be able to extract anything he wants from the judge and our side.
I still am uneasy about the final outcome but today I'm off to my broker to add more commons and finally get back to where I was in March 2010...
IMHO I think all sides are ready to wind this down and get on with their lives and so the only question I have as a short or long term investor is will commons be worth more than 13 cents in a few weeks or months?
Heck yes is my answer over and over again and so it's simple...
IMHO I'm going to buy as many as I can now and just wait for this to end..
It's highly highly unlikely we'll see 2 x value in the short term, DG has never stated to my knowledge that his prediction number is the 'wake up in the morning' and new price number! I think he's more likely talking about commons being worth that eventually down the road..
I can see that we'd get a $1 or $2 and then the value will come as multiple bids come in for the new company and from there over months and years we grow our portfolios higher and higher.
In the short term 13 cents is a bargain IMHO based on all that's on the record and been declared by all parties...
Good luck to all...
Longs...
If we have learnt nothing else, we know we are dealing with liars and crooks, and the most powerful in the USA and beyond..
Let's face it, this is how this whole thing started. Greedy dispicable human beings whose god is the almighty dollar deciding it was okay and morally acceptable to blindly steal from others.
Our foes on the other side will stop at nothing to defeat us. I expect absolutely nothing of interest or value to come out of today's hearings.. EXCEPT and ....
Unless of course Sussman has something so devastating as proof that individuals and companies are willing to come forward for fear of losing their liberty, but for them they fear more losing their prestige and money!
Time will tell but I'm more convinced than ever that commons will get a really low ball number a dollar, maybe less, maybe a tiny bit more. The value as someone posted earlier is that the new company may have someone buy it and we'll reap the benefit of the new company.
Too many twists and turns to come..
Anyway JPMC will sink the economy and the dollar in the next year or two just as they did in the 20's and so whatever we gain will be worthless 18 months from now..
Can u say double dip recession and major depression! The financial situation of this country is the worst in history....
Can we all decide to elect men and women with vast experience in both business and life next year. People of moral and ethical character I dont care what party, but let's not elect inexperienced school kids to do grown up, adult work for this great country
IMHO your scenario is the most plausible one I've seen on this board in two years. Makes perfect sense.
Commons stay in tact with a $1 maybe $2 and then let the market dictate the true value of the new company as it emerges from BK..
Everyone can then be a winner...
You may have nailed it...
Great post....
Chiron Are we just hanging around and going to get screwed one more time?
The board a few days ago was buoyant about the news and the millions to be made yet here we sit with not a glimmer of anything positive.
Is Rosen really and truly going to agree to anything that makes equity holders happy after all he's said in open court and on the record??
You know I just doubt it, I'm waiting for the crap and the other shoe to drop!!!
What happened to 7 days?
If this was a done deal and fabulous for commons we would have continued on our ride north and be over the highs of this and last year... Look where we are again, drifting nowhere and no volume yet again...
It's all turning into a bunch of BS...Once more !!!
What's your take?
Did u buy many commons again?
Let's trust Sussman like u all trusted Rosen!!!
I don't trust any of them...
Important News
The stock price may go up or down this week
They may or may not release details of this supposed settlement
The stock may or may not be halted
It may be worth the same or more in the coming months
Someone here may or may not have got close to the offer price
Rosen may or may not be disbarred
JD may or may not go to jail
Sheila may or may not be the scapegoat
Walmart may or may not be the new buyer
Actually that last one makes a lot of sense. WAMU was instrumental in bringing cheap quality banking to the masses, who better than walmart to take that up with banks in every location and the same wamu philosophy. It would really stick it to the banking industry once more.
Also what about Barclays? They would like a big US footprint...
Goooooo WAMU
I believe Rosen stated at some point that commons value in the new company was worth about $21. I can't remember when he mentioned it but it certainly got my attention as a number worth taking note of and have been accumulating in case commons didn't get cancelled
Go WAMU
The equity commitee is formed to work for equity...
I'm not asking for numbers (although that would be nice) but it would be nice for them to at least acknowledge us and put out a statement once in a while...
Who cares about them when we all know the facts... I'd like the courtesy of an update for equity and how they feel things are progressing (or not)...
Id be disappointed if this all fell apart but Rosen is just the type to pull a fast one at the very last moment and change course again. He hasn't lost yet and he may just be planning something from left field..
I wouldn't put it past him..
Wednesday likely cancelled and probably we'll all be here for a long time yet...
Shredder in one hand, check book for Ferrari in the other hand... Tic toc
BAM!!!!!!!!!!!
We've been saying that for 2 years...
More likely Rosen is playing for time to clean up his mess andthen completely renage on the entire deal!!
Who would put that past him?? No one on this board!
Fact is we should know the details by now according to his statement in court, the fact that we don't is troubling and suspicious..
Either there's an agreement to end this or not?
Could the EC actually have the courtesy to let us know???
A company worth in excess of 300 billion dollars according to dguru has possibly struck a deal to advance from BK.
Meanwhile with hours to go before the deal is known this stock instead of rising to the much speculated $1 by the end of the week has turned south once more...
Common sense tells you something absolutely stinks here...
Who in their right minds wouldn't be buying a stock for oh I don't know say a $1 if within weeks that same stock is supposed to be worth a much talked about '2 x value'
Come on ladies and gentleman...
Who on this board wouldn't buy 50000 shares at a dollar if u truly believed we'd be at $10+++ in a few weeks???
Why are we STILL trading at 16, 17 cents because the market knows the deal is crap!
The power brokers know something we don't and it doesnt smell good as of today...
We have seen the euphoria of earlier in the week and was IMHO way too early to be celebrating anything..
I'm sorry but Rosen has showed us he is way to smart to just think he's now completely capitulated and given us a great deal..
No folks... Something stinks about this deal here!!!
My Ferrari may be on hold for a few years yet... Shredder at the ready!!!
Sorry newbies for getting caught up in this craziness... If u bought in at 24's sorry but this is about par for the course as far as games are played on this stock..
Who knows what will happen tomorrow, maybe games back to 4 cents...
No one knows where the heck this will end...
Crazy, crazy, crazy WAMUQ...
Good luck all
IMHO
Deal details after close Friday
Dissapointment or Euphoria on this board over the weekend
Ink put to paper with Judge Mary on Monday
Go buy Ferrari on Tuesday lol ( I wish!!! )
Go Wamu
Those pesky mm's...lol
Back to 4 cents or certainly single digits again by tomorrow night but great opportunity to buy in again...
WOW, these guys know how to manipulate emotions and get everyone thinking this is going to be a great AND a done deal..
Heck, this could all fall through for all we know and we could be here for another two years!!!!
I'm so glad I held off getting caught up with the frenzy again, been there done that..
Screw me once shame on you, screw me twice shame on me!!!
Sorry Mr Rosen not falling for your crap again...
Gooooooooooooooo WAMU
Great post... The more this goes on the more I smell a Rosen Rat...
Hope I'm wrong
Okay I admit I'm confused...
For months we've been hearing that the mm's have been playing games and manipulating the stock to keep it low... Now we see the price sky rocketing day after day? Fantastic, I agree...
So what's the reason they're not holding the line now and keeping the price way lower? If they were able to do it month after month why not now??
Regardless of recent news, They could still keep it down why allow th run upwards?
Are we being taken for another ride here?? Seriously I just don't understand why the mm's ar doing this unless all that mm manipulation theory has been pure crap the past two years? Thoughts???
I'd love to wake up in a few hours and see my commons worth $12 a piece but I think we're more likely to see the finishing touches of whatever the agreement is completed this week and then hopefully, hopefully go to bed this Friday night dreaming of??? Well your number is as good as any...
Having said that anything is possible as we've all been witness to...
At this point the settlement could be anything, I guess since we're helpless in all of this it'll be fascinating to actually see the final result.
Nothing would make me happier to see DG right and for me to eat humble pie as well as apple and key lime all of course washed down with the finest champagne...
Here's wishing our dreams come true... :)
I know the commons guesstimates but from what we know what's the best guess for wamuk?
Thank you to all our serviceman, nothing comes close to what you and your families do for this country...
Chiron
Obviously we'll all know soon, but there are only two possible scenarios in play here.. If everyones going to be 'let off' and escape further legal or criminal danger..
1. SG and EC were unable to prove completely their case and with the millions it's costing decided to settle now rather than waste more time and more money. In other words agree to disagree but hey give us a $1 or $2 and we'll go away and leave you guys alone...
2. The one I prefer... SG's investigation concluded and could be PROVEN without any doubt and to such an extent that JD and everyone else involved said shut this thing down NOW before it gets out of hand, and pay 'em big so they never trouble us again.. JD probably thinks , Chase already achieved what he set out to do, they have a foothold in the south with thousands of branches and billions of dollars coming in each year. JD will just pay more than they wanted but the banks are theirs and they still win...
What I can't believe is that they'll be any hint of what the price will be. That makes no sense. If everyone knows that a month from now commons will be worth say $5 in a settlement then they be a mad crazy rush to buy them at any price up to that $5. I mean who wouldn't buy say a million shares at $4 if you knew a court agreed setlement has told you ahead of time that they'd be worth guaranteed $5?
I think it's more likely DGuru is correct... This will end abruptly before any announcement of price or settlement details are announced to the world.
It looks like this thing is close to finished so hopefully very soon we'll know if it's been a waste of two plus years or it's been a once in a lifetime ride to $$$$$.....
Thanks for the insults yesterday, shame you don't have the same class as ilenes..
BTW... $24 mmmmm??
Can you provide one, just one piece of FACT to support this outrageous claim that commons will receive $24???
If u think I have no credibility start looking in the mirror..
I only get 2 posts a day but I'm happy to use my last one to answer your question..
For 2.5 years I have been here I have based the vast majority of my posts on the EVIDENCE and FACTS that were known and declared in open court for ALL to read. No amount of speculation about values had me convinced commons would see a dime.
NOW based on EVIDENCE and FACT court documents show me that there seems to beal an intent to find a solution to this debacle.
Again, there is WAG about what's going to happen, 100% on this board did not predict the recent turn of events and no one here is likely to be right on the next action that takes place.
The whole deal can and may still fall apart, so don't go spending your pennies or dollars until the ink is dry and we can read the details in black and white..
My opinion? Things are certainly better than a week ago, how much better who knows? After all this would you be happy commons got 50 cents?? No of course not, so let's just wait to see how this plays out.
I do have a question for the board. I know the low ball guesses and the diamonds guess for commons but what was the guestimate for wamuk? I saw I have 200 that I thought I'd sold.
Asking the difficult questions for over 2 years hasn't made me the most popular poster I acknowledge that, and as an investor I have always wanted dguru to be bang on the money but up until a few days ago wasn't looking good, now we're on the road somewhere, where it'll lead is anyones guess..
BTW... Anyone heard from JW??? Lol
Good luck to pre seizure holders as always, your the ones that need big numbers here
That post leads me to my question
Are we anticipating a reasonable settlement figure within the next few days or is the 2 x value to be had some time down the road with a company emerging from BK with little or no debt and therefore very appealing to buyers and the stock market.
Comments?
Was wondering about peoples thought process about where the $$$$ boost for commons will come from?
Go WAMUQ
Beautiful I'm with you. I don't know how this will end but more hopeful since finally we got genuine comments made in court about this debacle.
I seem to remember that Rosen stated in court that the new shares could be worth $21 in the company..
Does anyone remember that
Ilenes it's all about giving back when u can do it..
There's no one I admire more on this board for their candor and honesty of what they see and hear.
So quick question..
Do you think we'll be closer on commons to diamonds numbers or my less hopeful numbers of a $1 or $2 to shut us up and make us go away?
Thanks again..
I hope your right... Unlike me u have never, ever wavered
If it comes to pass I'd like to know your favorite charity I'd like to donate some $$$
Any idea on your time line??
Are we talking days months or years???
Goooooo Wamu
Relax Folks...
With all the thousands of posts and endless speculation and guesses no one here predicted that we would be where we are right now...
This whole case has been out of our hands for 2 plus years and still is...
You can guess all you like but no one here will know how much commons are worth until the announcement..
50 cents, a dollar, two or three or maybe more? Who cares at this point, the deal is done and now just sit back and wait a few days...
The only question remains is if the settlement price is more than the current value today?
IMHO it's going to take many years to get to some of the wildly speculated dollar amounts we"ve seen written about. I noticed recently that those huge $$$ settlement numbers have never had a time period associated with them. So yes, maybe 2 x value is correct but it may take the next 20 years to grow to that..
If they let the news out late Friday by Tuesday after the holidays it'll be old and no one will be paying any attention over the long weekend... This may be the perfect time to announce the details. Only a few thousand interested people will notice, millions of others have lives to live lol
Good luck and here's hoping diamonds right....:)
Over?.... Lol
My portfolio doesn't show $16 per common share does anyone elses?
FACTS are tricky things...
1- We have no details of the possible deal
2. We don't know the settlement numbers for common shareholders
We know nothing but still the speculation and "it's over" is stated as facts...
Newbies beware, be cautious, be hopeful but this case has taken many twists and turns and many many last minute unpleasant surprises...
IMHO.. Invest what u can afford to lose....
Nothing in this case is over until the ink is dry on the paper and the settlement is agreed upon and Acceptable
When EVERY common shareholder especially pre holders see significant recovery then it's over!
Good luck to all, and let's hope there's no last minute twists here....
Oh yeah what about everyone who bought in at up to 70 cents?
What about the pre post peeps?
Are u serious that 100% increase to a lousy 8 cents is something to get excited about, seriously is that your position??
I'm interested in a couple of outcomes
1 An offer and settlement of $1 to $2 for at least some recognition for commons
2. A huge amount for commons for some justice for pre holders who lost hundreds of thousands
I have not interest in a 100% gain or even a 1000 % gain...
It's $$$$ we have waited for and still nothing has been disclosed to make me believe we are any closer
Enjoy your 8 cent stock...
Sanity at last on this board
Quote... You don't know what's going to happen...
I feel vindicated with those few words, less speculation and more clear thinking, fabulous post bizreader
So I guess the mm's aren't playing their games today? oh I get it that's only when the stock dives or stays static for months and months...
The excitement is out of control on this board today and mmmm are we any closer to 70 cents the high. Mmm that would be NO..
Do we know commons are in the money? Mmm that would be another NO
Do we know commons as they stand now are not going to be cancelled? Another NO
How quickly you all forget how over the past 2 plus years we've been screwed over and over again.
Don't start spending your money yet folks... There's a long way to go..
This is a marathon NOT a sprint...
One day doesn't make a million dollar portfolio!!!
Agreed far better today than we've seen in some time...
$1 or $2 for commons Come on that's all I need to hear is the OFFICIAL settlement number. I may be able to give 2 weeks notice on Monday... Sweet...
Or maybe we're being had again and getting ahead of ourselves...
Mmmmm. Time will tell
Bear Stearns, Bear Stearns, Bear Stearns oh stop it already..
There is no similarity here at all with Bear Stearns... Not one thing...
Keep dreaming about your 2 x value but there has been no valuation placed or hinted at or mentioned ANYWHERE...
You are living in the past....
The value is 4 cents and 2 x that is 8 cents.. That is 100% fact!!!
You r purely speculating without any evidence. If you have evidence to the contary, please for the sake of all of us contact SG and present it to him, or call the EC because they are obviously clueless compared to your deep knowledge and understanding of the case...
IMHO: $1 yes, maybe $2....
Time frame for this anywhere from 2 - 5 years
Your 2 x value speculation, based on nothing, Mine also pure speculation based on nothing....