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"Sad but true" Johny as that great statesman, um, er, Metallica once said ... :)
JO. There is much more to the media clam-up than “protecting consumer confidence” IMO. It is understandable why cowards such as CNN and MSNBC do not want to touch this story but it is still very queer that FOXnews and some large independent radio stations will not roll with this.
As many of you know, I had emailed Charles Payne a few weeks back asking whether he would be interested in the WAMU truth! He got back with me and was very excited about the stories potential and said that he would need some time to do his DD! I forwarded him some very informative, concise, in-a-nutshell board posts to start with and a few days later sent him more info with links to court docs, etc.! Basically, I handed him the story on a silver platter!
Well, it’s been over 2 weeks and NO report on this and NO recent re-turn emails from Mr. Payne! Was his interest CURTAILED by even the powers that be at FOX? It is as if JPM has there hand in everything and owns everyone.
It may sound like I am being a conspiracy theorist but I have never once drank kool-aid with nurse Jeff – LOL!
I think that figure is a little high or we would have seen a much higher pps at EOW! You never know though the way NITE and sMURF manipulate this stock! They may be more evil than we have already given them credit for! LOL!
The key thing to remember is that when the short report is released, it is already 8-10 business days behind. IMO many shorts covered the 14th thru the 18th and the 21st thru the 25th. The next report (in 2 weeks) will cover that period and give us a better idea of the percentage covered to pps +/- ratio!
rs
Thanks again Clay ...
Washington Mutual Inc. $
WAMUQ
Short Interest (Shares Short) 51,335,600
Days To Cover (Short Interest Ratio) 3.7
Short Percent of Float 3.49 %
Short Interest - Prior 52,514,900
Short % Increase / Decrease -2.25 %
Short Squeeze Ranking™
% From 52-Wk High ($ 0.44 ) %
% From 52-Wk Low ($ 0.01 ) %
% From 200-Day MA ($ 0.10 ) %
% From 50-Day MA ($ 0.15 ) %
Price % Change (52-Week) %
Shares Float 1,470,000,000
Total Shares Outstanding 1,705,359,302
% Owned by Insiders 13.65 %
% Owned by Institutions 0.40 %
Market Cap. $ 475,795,245
Trading Volume - Today 28,981,182
Trading Volume - Average 13,696,500
Trading Volume - Today vs. Average 211.60 %
Earnings Per Share -9.89
PE Ratio
Record Date 2009-SepB
KCS. As said before, nobody is going to hear about this except investment boards. The press has been mum on this for 12 months and it doesn't look like they will start singing in the near future.
More than likely, even when this is settled over and done in favor of WAMUQ, there will be no news - or if there is, it will in some way be favorable to JPM!
It is laughable and nauseating at the same time ...
Looks like some big boys were listening in today as well. Nice pps run ...
Wouldn't one think that any self respecting NEWS reporter would be on this like a hound!
Thanks to all who are doing the pithy play by play! Kind of a mixture of Vin Sculley and John Madden!
Much appreciated ...
The charts and technicals are but a wee part of this story. Go to the iBox and start reading heavily! Great information there ...
And 2010 it not that far away my friend ...
God. A beautiful well thought out scenario! Wouldn't mind at all seeing that come to fruition in the next month or so ...
I don't really have a legal eye but this reads very well for us. Great news! What I take most from it however is how feeble JPM's lawyers appear to be!
Jaimie. If you aren't doing anything later today, can you come over and wash my car. I'm in Southern California - it's the red one!
That may very well be if no good news comes of the event. Nonetheless, the longs will still be here and you will be gone. Not a problem …
Yes - It looks like the final shakedown!
Sorry .... but that was rich. Hadn't heard the words Starsky and Hutch in what - 30 years!
Jerle. My best friend and former band-mate Dennis Butler (drummer for Allies, Détente, Antoninus, and the Détente reunion band) adores Neil Pert! Considers him GOD and the best drummer in the world! I liked RUSH but never loved them personally.
I played guitar in ANTONINUS with Dennis on drums but have since retired from the music scene http://www.antoninusrepublic.com.
ANTONINUS was always snubbed as well, just like WAMUQ!
Very off-topic here but thought that I would share! Perhaps reliving a bit of former glory!
GO WAMU …
Hello Fish and all WAMUQ’ers. FYI: With all of this media talk, I just wanted to update everyone that it has been a few days since Charles Payne has gotten back with me. I emailed him again earlier today and hopefully he will respond tomorrow morning. Charles DID do a special report regarding the Lehman 1 year anniversary last Saturday. If anyone is interested, it can be found here http://www.kfi640.com/cc-common/podcast/single_podcast.html?podcast=CharlesPayne.xml (9/19).
Hopefully he is working on a WAMU story for next week and has just not gotten back with me yet.
I did however email Bill Handel’s producer at KFI am640 a few minutes ago and asked that he man up and cover the story. Bill is a renegade that speaks his mind and has no political affiliation. He just reports it as it is! Perhaps he will be interested in BREAKING this story. Bill’s producer Michelle and I have developed a rapport over the years and hopefully she can convince him to report on this!
Volume has dried up. Looks like the Day Traders are out and the rest are holding their positions. May not see any movement until the final hour ...
I would feel much better about that news if Barney Frank was NOT leading the discussion. It is morons like him that are a major part of the problem!
Fish. I read them and they were most impressive. I am not a legal mind however (my wife says I am not even of sound mind), so it will be interesting to get some legal feedback from your posts ...
I agree. Not for 8 straight days. I am simply stating that the day traders got in when the pps hit >.25 Monday morning (by word of mouth/trading board)and helped to spike this puppy yesterday!
There were some big dogs that got in that are still in. Agree there as well.
I am just saying that yesterdays HOD/EOD was artificially boistered by day traders ...
LOL. Yes - for all of the longs, we have witnessed this manipulation for a long time. They have quashed every little runup in pps ...
Diamond. I agree with everything that you said here except the NO Day Trader portion. There were Day Traders. We saw them bantering about on this board yesterday and gone this morning. I am just using iHub as a loose example, but for every 10 or 15 Day Traders that post on any board, how many DT’ers were playing this throughout the US that do NOT post on boards? Thousands?
Oh well, that can be argued all NITE but it gets me to my main point that after the initial drop this morning, the MM’s then took advantage off the sell-off by further keeping it down for the shorts to cover. In other words, it was easier for the MM’s to play there devious games today (with a downturn being expected after a week of green) and not make it look so blatant!
And I am expecting a new shipment of popcorn to be delivered any day now!
Take care and GO WAMU …
I certainly don’t want to beat a dead horse regarding our overall long term frustration with the MM’s here - but I will anyway!
Doesn’t it just frost ya the way they keep this down to allow the shorts to cover? And probably from the direct (but un-traceable) orders of JD!
Yes. The first half hour of trading was indeed classic after a huge runup! Right out of the text book!
LOL!
It looks like the inevitable profit taking and a bit of panic selling is over! Back to business as usual.
GO WAMU ...
J. I remember that you said last week that this could run a while up to $1.00 or more on momo alone. You have been right on!
Even though I am as giddy as the next guy regarding todays break-out, long is stong on this!
Jimmy. As Jerle said, there is nothing wrong with taking profits! To each his own and I am happy for you! I guess I was trying to convey the stong sense of belief that this is bigger than a .158 gain today!
Take care ...
Not a problem. Enjoy the popcorn - wish I had some!!!
Barabbas. Most people on this here board are longs as am I. Many (not me unfortunately) have in abundance of 250,000 shares. I myself am averaged in at .08. Just figuring today’s pps increase alone of .158 @ 250,000 shares, many folks saw their portfolio increase nearly $40,000.00 today. Now that is a nice junk of change but it is a testament to the longs here that we are NOT selling until the big PAYDAY!
Go Longs ...
Well put.
It is also very pleasing to see that NITE, which almost single-handedly manipulated (stopped) any runs on this in the past, has had no choice in the matter today!
Great run and let’s keep it up …
Looks like this puppy is getting wound up tight again, perhaps time for another pop?
I wish real-time short reports were available - LOL! That would be interesting as hell to watch.
We are likely to see this all day. Penny up - .005 down, penny up - .005 down, etc. with the profit taking! I’ll take that all the way thru Sept 25!
Thank you very much!
Rramirez, I can’t remember, is there a time frame in which Judge Sleet must rule?
I myself have experienced it with nice runs from beaten down C and PGPDQ. Made some nice profits on those puppies!
And it is psychological as well - I agree. Once this hits .25, that may be the magic number for many investors to enter!