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I don't think resistance levels will play a factor today or the next week. Why wouldn't people load the boat for the next week until the settlement is announced. This is going to be a great ride!
Just took a small position today. Looks like this has strong potential.
Did he give any timeframe on revenue numbers or any of the major retailing outlets updates?
I have been looking for the next NSMG/WEGI for the last year and just can't seem to find one. I hate PDGE and IPII just to risky, the only thing I see is DPDW but that doesn't even seem to have half of the potential of that WEGI/NSMG had. Anyone have anything on the radar that needs more DD?
What is the common symbol?
I have a 100K order at various levels from .0067-.0075 lets see what happens
one buy went through then bidwhacked...bastards
I have several buys in with nothing.
We weren't so lucky were we. Patience. I have already freed up money to buy more lots tomorrow.
The more and more hearings going by I tend to believe you. She seems disgusted at times with JPM and the FDIC attorney's. I feel she will do the right thing, even negotiating a settlement between the parties.
Its all choosing the right words. He is right. At this moment there is nothing for the equity, however when the judge rules (based on case law) in our favor and the word continues to spread about this backroom government theft there will be plenty for all of us! GL
Man...call me a bagholder but I have been in since .003 and I won't sell one share less than.03. Whata think red or green close?
This is just a great american story, which is about to get even better!
Is this still trading grey market?
OK. See your posts 6164 and 6072. Looks like we won't be getting anything this week. Maybe next Tuesday. GL and have a great weekend.
DT
A little spark....lets get this party started.
Very quiet. Where is everyone who was promising a PR this week?
I am confident in this one. The pieces are coming together, granted not as fast as I would like, but given the economy I can be patient. I do like Mel just doesn't PR to PR like other pinks. Just looking forward to an announcement.
My average is .0034 and I am holding. Everything I have seen, new hire from Wal-Mart, Office in Bentonville ain't an accident or coincidence! My target is .05-.07 and I am not selling one till then. I pretend like the position doesn't exist. GL
scumbag flippers. Killing every rally
And 16500 shares to boot. I hate people sometimes
That was a quick shake...now we are off to the races!
Agreed.
Gap getting filled quickly, getting ready for the next leg!
Gap getting filled quickly, getting ready for the next leg!
No pump and dump confirmed yesterday being sold in sam's club stores. Check out the sams club website. GL
BOOM!
Patience paid off dividends with this one. I am so glad I kept adding! NICE!!!!!!!!!!!!!!
FOX BUSINESS NEWS:
February 9, 2010 10:19 AM EST by Elizabeth MacDonald
The Nasty JPMorgan-Wamu Fight
It was the largest bank failure in U.S. history. It was also the most quiet, when it comes to media attention. And now it’s triggered one of the nastiest legal fights ever seen in the banking industry.
Seattle-based Washington Mutual Bank was closed by the U.S. government in September, 2008, during those fateful early autumn days when Fannie Mae (FNM) and Freddie Mac (FRE) were seized by the government, when Lehman Bros. and AIG (AIG) were failing, when Wachovia was on the ropes, and Merrill Lynch veered toward collapse, as well.
WaMu failed amid mounting mortgage losses and after a 10-day bank run which saw panicked customers yank out $16.7 billion of deposits.
WaMu’s $307 billion in banking assets were seized by the Federal Deposit Insurance Corp. and sold to JPMorgan (JPM) for $1.9 billion; a day later, WaMu’s parent holding company filed for bankruptcy protection.
WaMu’s parent company has sued, saying that $1.9 billion sale price was drastically, recklessly low. More than a year later, the merger has sunk into a tangled rat’s nest of law suits, fingerpointing and recrimination, and reports indicate the number of parties investigating the seizure is growing.
WaMu's parent and JPMorgan are now fighting over tens of billions of dollars in deposits, with both claiming ownership. WaMu’s parent has also sued the FDIC for more than $13 billion in connection with the loss of its banking operations, a case that is still pending in federal court in Washington, D.C.
And WaMu's bank regulators, the FDIC’s Inspector General and the Office of Thrift Supervision, are reportedly probing the sale. So is the Senate Permanent Subcommittee on Investigations; the seizure and sale is apparently part of a broader task force probe headed by Federal Bureau of Investigation that’s looking into the bailouts. Sen. Maria Cantwell, D-Wash., is also reportedly looking into the allegations.
In its complaint filed with the U.S. District Court for D.C., WaMu’s parent, which was not purchased by JPMorgan, alleges the FDIC, WaMu’s receiver, spearheaded a merger that saw the bank sold to JPMorgan at an unreasonably lowball price, and that the FDIC made a nontransparent "cryptic disallowance" of its claims, prompting the lawsuit.
WaMu’s parent also demands up to $6.5 billion of capital contributions it said it made to its banking unit from December 2007 through the time the FDIC seized it, reports indicate.
And WaMu’s parent also wants the return of $4 billion of trust preferred securities it said were wrongfully transferred to the banking unit, and believes it may be entitled to as much as $3 billion of tax refunds, reports indicate. It also wants damages of $177.1 million related to unpaid loans made to the banking unit.
However, WaMu's parent just hit a roadblock. A Delaware bankruptcy judge recently denied the parent’s request to force government regulators and others to turn over documents, the Associated Press reports.
AP says WaMu’s parent sought the records as part of an effort to investigate potential business tort claims based on alleged misconduct by JPMorgan Chase. Washington Mutual stakeholders allege in a Texas lawsuit that JPMorgan engineered a plan to damage Washington Mutual’s banking subsidiaries so it could buy them on the cheap, the AP reports.
Read more: http://emac.blogs.foxbusiness.com/2010/02/09/the-nasty-jpmorgan-wamu-fight/#ixzz0f3N2XNrP
That would be nice. I bought 100K at .04 and I am loving the ride so far! At a buck I am selling 25K and letting the rest ride! GL
I am still here riding the $$$$$train!
Patience paid off for all of us. Congrats everyone.
i think on TD they are only accepting sells. HOLD ON and STAY LONG. Alot on the plate IMO.
All I want is some damn news that was promised weeks ago.
What about all the coals this company has is the fire? Are we suddenly negating those? Just curious
While I am as pissed as anyone over these recent developments. The facts haven't changed, they have an office near Wal-Mart, brought on a former WM Exec and have alot of potential. I think Rich jumped the gun, which if you read my previous posts is always what I was afraid of. I am still holding 3.2M and haven't sold a share. I am expecting big things in the future. Time will tell if I made the right decision. GL
WHAT A SHAME.
Has anyone spoken to Rich in IR for an update?