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do you know if there is any link to hear it again (conference call number)? Thank you
Ok, what's your point? Big dumping? Don't think so... There could be hundred reasons for this step...
Sorry, haven't seen anything on page 88 and 99. Pages 75 - 77 is settlement talk... What is there so important, remind me? To me it is just old JULY document. Everything has been said and heard already...
PQs, HUQs and KQs are gaining. Maybe MUQs gonna fallow by end of this week
Thank you, I'll look...
FBRC 25k again, do you guys see what it's been doing with the price? That's what I'm talking about. As long as there is a big buy order the price will go higher
Popcord and pizza my friend... If we're gonna close in green today, I think we might be slowly taking off to new highs
It's hard to say what is happening or going to happen for each day. As you can see we going lower again. FBRC's order of 100k pushed it all the way to 0.229 but once that one was gone we're back at 0.22 maybe even lower today. Things I'm looking for is volume and price action. Last couple of days (maybe weeks) shows just lack of buyers. Without news (court hearings) you don't have buyers and all this moves up are just short covering (notice the low volume last 5 trading days around 5 mil). Shorts can manipulate price (without buyers) down as easy as FBRC just did up with their order of 100k (which didn't have to be executed, just placing the order affects price)
Nice, thanks. Let's see what the numbers are gonna say after they catch up (it's 15 minutes behind)
They also could be converted in to different kind of preferreds... pretty much any of those scenarios you named could happen
I have been watching it too. Just that order is pushing the price higher. I don't think I have ever see 100K
0.75 is very possible. As spongebob said, if you look at the charts every time we break previous high, the next day we have gains of +/- 50%. So if we break this time's high (0.44) and close the day at 0.50 area, the following spike could bring us 50% gains to 0.75. If I'm right. Agree with you guys, this time it is going to be short covering play again. Just look at it today
Hello Drrugby,
how significant is it for us (WAMUers) that they are purchasing TARP warrants. I mean what are the next steps you are expecting. If you don't mind I ask. Thank you
I think that only means that interactive brokers don't have shares to short available for WAMUQ. HUQs, PQs and KUQ are still there
Sweet,
I wish I could load up more. I have all my cash already in... IMO next week is going to trigger some buying and buying to cover which is gonna push the price to very very nice levels... I don't want to sound like a smart ass. Just looking at the past, looking what's ahead of us, I think this is what will happen:
- volume is already low these days, with constantly increasing volume + price moving up all we are waiting for is strong volume (maybe 35+ mil) to break previous high (0.44) and moves of 50% - 60% can easily get us to 0.60 - 0.80 levels. Right? Happened 4x this year already.
hello Kali,
if you're talking about the case when judge turned down WAMU employees trying to get back their 401k money... that's completely different case from ours.This is what my friend had to say about it:
The lawsuit was against WMB (the bank) that was seized. They would have to sue the FDIC for the money, but tried to sue JPM for their lost retirement accounts. In the deal the FDIC made with JPM they would not be liable for things like this. WMI the holding company is suing for assets that were illegally taken by the FDIC and now held by JPM (again illegally). They want the assets back or the fair market value. The WMB bondholders are in the same position as these employees. WMI bondholders are different since their bonds were issued by the holding company and not the bank.
Thanks Fish,
I had a feeling like everybody thinks I am here to promote the stock... Guys, I have just posted what I noticed is going on. I don't like promoters, I 100% agree with everybody's opinion... All I want is pretty much hit $12.00 and all of us party in Vegas... Go WAMU
I agree 100%
I'm gonna look for more promos if there're any... Any promo turns into a big dump of stock anyway... therefor I think all these guys have been watching (knowing what's going on) started pumping (even it's not needed) and make little bit of money by just playing it for a bit...
True,
what is interesting to me that they hop in even though I don't believe anybody is paying for the promotion... and if you read beaconequity.com report you have to laugh... he presents all fundamental and technical analysis but has no idea why the price is really moving or what's behind of it all...
Since I know how they work and a lot of people are following them I think they could actually trigger some buying within next couple days...
Hello guys,
I have noticed that a lot of penny stock promoters are turning their attention to WAMUQ... Like this one Stockhideout.com and BeaconEquity.com. These guys have a lot of followers so IMO this stock could get some price action within next two weeks. (these stock promoters are doing good job on a crapy company stocks so with this one there can be some run up)...
this is my last post for today (3 a day),
Thank you guys for everything, let's make some money... I really like the idea of the trip to vegas...
Anyway... PQs and HUQs are on the move also
GO WAMU!
Tini
Thanks Fish and Hardassets,
I think last friday was nice example of shorting also.
We had hearing at 10:30 (investors don't buy before news or press releases etc) so shorts have at least one hour to "safely" play this game and push the price lower (last friday open at 0.26 and pushed down to 0.235). In the middle of hearing when we heard judge Walrath say several times "frivolous", shorts got scared and triggered buying back and pushing the price to 0.318 only to close at opening price again 0.26.
I am holding UQ and PQ (trying to figure out the deal with HUQ but those Wells Fargo guys don't have really any new info) and going for long with you guys. Read the legal documents, listened to hearing last Friday, keeping up with Ihub posts and there's really nothing in the way for us to get paid. (even though I am after seizure investor and don't want to offend anybody pre-) just trying to be little bit helpful here with my experience...
Hello fish and everyone,
I am new registered user I can use only 3 posts today but have been following WAMU for last three months (I am invested in this stock too) and have to thank you guys for all the DD you guys do for everybody. One thing I have on my mind is those price spikes and dips (especially this week).
IMO today's move is not caused by any news or articles (I read Mike's and it is great that truth is finally coming out) but by simple short covering (short squeeze). Here is why I think so:
- for next couple weeks we won't have any major news coming out, no major hearings till 19th and 22nd
- since we all are buy and hold till settlement investors, with every run more and more people just buy and hold (so when there are no news = no buyers) therefor short sellers seeing lack of buyers can push the price lower ($0.28 - $0.198 this week).
- What has been happening yesterday and today: Today is the last day of second half of September for shorts to cover, therefor yesterday if there were no buyer shorts can hop in, sell short, push price lower and get out today pushing price back to it's sustainable level.
I am not trying to be smart a$$ or outsmart anybody on this message board, you all have my true respect (except that Idi0t Socialist4change). This is just my opinion to what happened today.
Please correct me if I'm wrong... I do want to hear your opinions
Thank you
Martini
GO WAMUQ