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Jimsz..I agree, if commons stay alive which INMHO is still 50/50, mainstream media will not go crazy over that story..it will be quiet....only to be shared amongst those that experienced a rare event.
TPG GETS PAID ABIGHAMMER GETS PAID...at $12+ per DIAMOND G
Yep..have a good day. I'm going outside to enjoy the sunshine.
Jim
Yes I have long felt that...However all of the long time holders of WAMU, past executives, long time depositors now in their 70's, 80's, like my friend who has nothing left after this...would be ashame to see the disregard for them. I wouldn't be surprised though...big corporate america could give one s$it about you and I.
So dragon... Your guess is $5 area? Commons stay alive?
I see the storm of indecision is blowing through and except for the strong roots of Hammer,Diamond G and a few others, the rest of the board is susceptible to becoming airborne....
dragon..I think cubman said..."could be" not "would be".
And yes, it is always the possibility...
cubman..good luck to you.
cubman..I hope you are a younger man to have involved 100% of your IRA here. 1/2 your personal account is fine if you can stand the risk. Just a thought...in no way do I mean to tell you what to do.
Watch us get a stock settlement then the value of JPM be $1
I wouldn't push the JPM slam too much...LOL
First of all, I want to thank those that bring a level of expertise to this board that I cannot bring. I was a good student in school that happened to work his as! off and became successful in business but I never had a legal mind. I work at my primary business and I also have a venture capital deal (over 1/2 million) with a startup.
When I first came here I was pessimistic...I still have a cautious outlook about everything I am involved in. I have told some of you that I was very fortunate to have been involved with Healthsouth. Alvarez and Marsal were involved though Healthsouth was NOT in BK. Richard Scrushy was/is a crook and is serving his jail time but not for malicious things he did at Healthosuth but for bribing an Alabama governor. I made a good deal of money with that investment, beginning my purchases at .15.
I have also lost big money in the market...namely DNDN where I had a substantial amount invested and despite my considerable DD 1-2 years ago, Dendreon was denied by the FDA, and in seconds... I lost alot of $$$.
The further scar came when DNDN came back with a roar. I should have held though some was margined (margin...for another time).
What I want to convey is this. The chance that this will go from under .10 to $5 $10 $12 is a long shot by any stretch of the imagination. No one...despite the wonderful DD by several fantastic minds here and bopfan, can be assured of anything.
There could be last minute negotiations that leave common holders with nothing.
For those just arriving here...only invest what you will be willing to lose and with a loss that will not affect your lifestyle. This could end this coming week or months from now but when it does it will be 100% one way or another and again, no one knows for sure the outcome. I am fully invested, I feel I have learned from my mistake with Dendreon but in a way I have not. It was a roll of the dice as is this investment, but I feel here, the table on which the dice have rolled is tilted toward a win for us. How big? I don't know. Some of the numbers thrown out here are crazy in my opinion. But then, this is not an ordinary deal.
It does involve the govt and one can say, we can never win against the government. However, we have an astute legal team, an unprecedented move made against WAMU for the benefit of JPM, and the wind seems to be blowing with us.
Good luck...
Jim
Large Green...Still say your prayers as NOTHING IS CERTAIN..
In addition...I hope the buying opportunity is over!
Jim
fsshon...<book value as of time of seizure is 26Bil plus 21,4bil in cash..>
Wow!
fsshon...<So when you get a chance Thank JPMC and their Attorneys for this chance! Thank them for being so greedy and conieving!
You see KARMA IS A BITCH JD !!!>
I will put them in my prayers tonight..lol
fsshon...many thanks for a great post (response). You are correct, JD is being hyped as the greatest banking guru ever...sadly, at the hands of trickery and deceit in my opinion.
So fsshon..obviously there will be no tale of the tape forecast as to which way this goes...
When do you think S* hits the fan either way? You still like the win in our court with commons getting paid?
Thanks...Jim
Well for a second we were even LOL
Even on common..last trade .098
How have P's and K's been acting?
Could be..I don't know their motives...
Coming back a bit
XOM..Yes I suddenly find myself with the desire to watch old Perry Mason reruns, drinking fine scotch and debating people on issues of the day at my local Starbucks.
So what is the official day discovery begins? Not the filing but actual..."hey Bob did you read this e-mail where Jamie said..."
seth...<it can't possibly go this easy>
You are correct, it usually doesn't.
I bought 100,000 shares fairly easy the other day... of course I paid $8 for them but got them nonetheless. LOL
yesterday there were some larger 40.000 + shares sold but there were many 100 and 200 shares traded....$17 amounts..lol
JimsZ...great point. Will you go make that happen? LOL
What? If it is a cash out it doesnt matter what they do with them...if it is a stock trade then we own JPM stock and it wont affect that much.
I was thinking the same thing...lol
Everyone out of money...?
newt69...sometimes it will take only to be cancelled later on. Keep watching just in case. Ameritrade does that to me at times.
They are all (brokers) different
Excuse me for injecting this point, I believe they are discussing the large sell price they wish to attach a limit sell order to relative to where it trades currently. Sometimes the computer is governed at a certain setpoint and to overide you need to have an agent of your online broker do it for you.
Regarding a purchase, there can be a 3 day resting period the computer pays strict adherence to before a non marginable security can be purchased. You then need to call your broker to make the purchase which overides the computer. You can then sell the security online.
Jim
There have been guess from 1:3 to 1:5
I just dont like the part where it talks about the risk of total loss...
That's when I have to remember TPG and HAMMER!
Franconeli...I hope they play every manuever in the book long enough for Weil to find the criminal offense in discovery that sends Jamie to prison.
fsshon...<JHD you ask me my thoughts on a settlement date:>
Thanks for the answer!
dannon...<they claim that knight, a large mm,has no clue what will happen to this stock shortly>
I really find that hard to believe.
fsshon..thanks for all your great posts!
Well...not today...