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looks like we are profitable nice. and that is just the remnants of the old co.
making almost half a million in a month aint bad for a company that has yet to execute a business plan.
i call bs. care to prove it? i thought not.
and would you look at that. another small block right at the close to make us down on the day. lol
tick toc
I think what you wrote is a best case scenario. For now I am happy that the piers will start to get paid. hopefully in full once the remaining claims are dealt with.
As for the LT what you say may be correct or the LT might end up actually going after some people and has just been spending this time building its case. The fact is we dont know, but in the absolute worst case scenario the litigation funds if not used would be rolled back in and trickle down the waterfall. even if its not much.
The wmih Business plan with blackstones help is what I am most curious about as we have not heard a peep from the wmih bod other than standard filings. the credit line and nol's should not go to waste as well as the remaining money at the new company. It is the ceo's duty to bring value to the shareholders and make a profitable business.
I hope we see something on this front soon. I have added to my long position in wmih accordingly with this in mind. all above is just my opinion of course.
do you think piers holders will get paid in the form of a check in the mail?
Since the full amount will not be paid right away I am assuming they will include a statement showing paid to date and remaining we are entitled to?
anyone number crunched to see what kind of payment the piers units will get soon.
I disagree with this. bought 3x 10,000 blocks yesterday. each were met with less than 200 share blocks on the sell side after to keep the pps in check.
Anyone know why anyone in their right mind would sell 60 dollars worth of stock which prob costs a 10 dollar commission? makes no sense.
I would rather argue that its better to just buy whenever you want because until we see what blackstone and the bod do the price movements mean nothing about the new company.
just my opinion.
I could not have said it better myself. I would also add that if Rosen was not towing the line in terms of doing what needs to be done to minimize the settlement amounts of remaining claims then he would be let go and someone else put in his place. The fact that he is the most up to speed and has a chummy relationship with the judge gives us the edge in terms of dealing with the claims and also keeping the costs down by not having to get a new guy up to speed. Like many have said this isnt rosens first rodeo and he knows what to do in order to get the remaining claimants to settle.
this is very interesting indeed. Also if you take a gander on yahoo finance. under the insider transactions tab I shows the shares that the bod got, but it does not look like any of these sold any shares.
so with this in mind and the large funds holding shares.. they must all be waiting for something? hmmmmmmmmm......
I think the jist of this whole back and forth between you two is on the one hand someone trying to be as pragmatic as one can be given the current reality we are living in. looking at the facts of the current situation. How those facts and actions will lead to a result by which the remaining claims will be settled or dealt with in order to pay off the remaining creditors and get the piers paid.
On the other hand someone else is only remembering the horrible years of having this same lawyer hurting the shareholders at every turn (which I might add is a personal shared feeling by many and understandable). This other someone does not want to forgive or forget what transpired during the bulk of the bk case and will not let go of past history (which again is understandable) which can cloud ones focus to the current issues at hand.
As for the LT that is something that honestly has good points on both sides considering what has happened in the past and what info we lack to date about its plans. Some have argued that the LT once the remaining claims are done with will not use its multi million dollar war chest to litigate against 3rd parties and would rather just roll those funds back into the LT and disburse them down the waterfall and call it a day. On the other hand other people think the LT is awaiting the conclusion of remaining claims against the estate to start moving towards litigating to get some recovery for the escrow holders. I am in the camp of the ladder idea, but I guess time will tell how that turns out.
As for WMIH. I would love to have some idea as to what action the bod and blackstone plan on taking (shareholders meeting anyone?). I would think by now a plan or some idea of one should be in place with the large credit line we have and NOL's to utilize. that is if we are believe that the new company going forward plans on doing more than just drawing a salary for its BOD members and paying for un-audited financial statements/ filings.
I just wish the new company would get on the ball already because enough time has gone on already that even an newbie ceo would have done something to get the company going and making money by now or doing a M&A deal.
Anyways the good news from what I heard today is that the piers will start to get something. Which I think is a huge step in the right direction. Hopefully Rosen can get those remaining hold out claimants to settle cheap so the rest of the reserves can be released.
Just my humble opinion of course. Thoughts? anyone?
I know everyone loves to hate the lawyers in this case and god knows over 4 years we have seen some crazy things. With that said on a serious note.
1. I think its good news that Rosen is trying to limit mediation costs which in essence strong arms the remaining claimants into settling. smart move.
2. more money is now freed up and I think the piers will start to get paid. one step closer to them reaching the prefs,common escrow.
with that said. even if it just stops at the piers and the remaining claims are settled. It would then clear the board for the LT to use its litigation reserves to go after the 3rd parties we expect to get money from to pay the escrow.
thoughts? just my opinion of course.
As much as it pains me to say this. I was actually rooting for Rosen today when he was arguing over having the mediation costs shared and talking about the well to do people trying to get the estate to pay 100% of the mediation costs for remaining employee claims.
correct me if im wrong, but did rosen just say in the audio that piers will start to get paid?
wow sneaky trade 3 sec before the close. how sad. lol Dont worry I will be buying more tomorrow.
I was under the impression that the piers units were ever so close to begin the process of receiving some portion of payment.
that may be true in terms of the escrow which we all know we have no say in one way or another as it is not a liquid asset, but I would love to know as would everyone else what the new company will do.
I have never seen a company be so silent for so long. granted they are keeping filings up to do date. I just hope the shareholders meeting or some sort of pr soon gives an indication of movement by the Bod and blackstone to realize a plan to bring shareholders value.
ha ha that was funny. been lurking for a long time now. just waiting and watching. Like most here.
nem and other large cap miners look way oversold here. I will start nibbling some more over the next few days. Just my opinion.
hey guys. been a long time since I checked in. Hopefully we will finally get some news someday soon. With that said. My prayers go out to all the injured people in boston.
ok back to lurking.
dipped my toe at 34.17 with just a couple hundred shares. I will continue to watch.
meanwhile they pay a nice dividend. :)
just an fyi United states largest copper mine and 2nd largest silver mine is shut down. prob for years after a massive landslide.
they also produce 500,000 gold ounces a year.
http://www.perthnow.com.au/huge-landslide-shuts-kennecott-utah-coppers-bingham-canyon-mine/story-fnhocq8b-1226619124124
I will see what the paper pushers do on monday to see if they will keep knocking down the spot price and ignoring this news. should be an interesting time to buy. just my opinion.
lol. the thesis for long term still holds. Only a fool would not take that kind of profit off the table when the broader market looks toppy and volume is starting to dry up.
I dont want to be caught with my pants down if a broad drop in the market happens. I am going to wait for a re-entry point. sure amd is still cheap, but then again it could get cheaper. remember that mircrosoft has not even showcased the new console yet. So to me the ramp up in production for a launch is not in full force yet.
I think your entry points look good. I think it just all depends on how big of a correction we might get in the market. You never know the stock might retest 52 week lows before long or it might never go back under 2.00
All this is just my opinion of course.
well I sold my position yesterday for a 2645.00 profit. I think the amd story is great and will lead to higher stock price longer term, but I think the market on the whole is waaayy to ahead of itself.
I will sit in cash and wait for a nice buy point for all the stocks on my list.
just my opinion.
it really does not matter. longer term amd will rise.
they secured contracts with sony,nintendo,mircrosoft to have amd gpu's in all the new consoles coming out.
eventually the earnings will pick up and shorts will totally lose control.
just my opinion of course.
well the float is over 700m shares and i doubt every trade today was just shorts covering.
I think maybe less than half of shorts covered. if we keep going up for the rest of the week max pain will make the rest cover.
just my opinion.
I am holding for the long haul. having your chips in all 3 new consoles is a major step in the right direction.
Its not only microsoft. AMD's GPU's will be in all 3 of this new generation of video game consoles.
plus the cloud rendering gpu line they launched and the announcement today of the cpu refesh coming.
couple that with the 19% short of the float sitting out there.. well....
anyways just glad I loaded up early. sitting on 14,300 shares. :)
I plan on holding long term though. those console sales will help the bottom line.
just my opinion of course.
bought 4,300 more shares today at 2.32. got 14,300 shares total. looking to get to 25,000 shares at some point. just going to watch and wait. If the market makes a downward correction I will take advantage and load up more.
otherwise I will wait for positive confirmation of up trend.
Shorts are going to be toast at some point. AMD is going to have its chips in all 3 new video game consoles.
video game industry is a 50 billion dollar a year plus growing market. its even bigger than the movie industry these days.
I also like what I see in the gpu cloud rendering area they just launched.
just my opinion.
That would be great. I already dipped my toe in with 10,000 shares recently. Got more fresh powder at the ready.
According to the stats there is now 19% of the float short.
also check out this obvious hit piece today from the motley fool. lol its so sad that its funny to me.
http://www.insidermonkey.com/blog/intel-corporation-intc-advanced-micro-devices-inc-amd-this-underdog-is-just-another-dog-104690/2/
The author forgets to mention that AMD's GPU's will be in all 3 of this new generation of video game consoles.
Nvidia and Intel = 0
Also the author forgets about the recent launch of the cloud rendering GPU's they just launched to compete with Nvidia.
I could go on and on.
I would like to hear other peoples opinions. I can see that AMD has been bleeding cash, but what else are they supposed to do when new management comes in and restructures the company to focus more on its graphics division rather than its CPU division.
These things cost money and lets not forget that tablets are the IT product these days and broadcom/qualcom have their fingers in that. plus capital spending from business should pick up as the economy rebounds.
thoughts?
Correct me if I am wrong but according to this document the H's will at least start to see a distribution soon? maybe not paid in full yet but money should start flowing no?
The tax returns are a nice chunk.
I was reading the direxion documentation and I cannot see anything other than what my broker charges me for the trade in terms of fee's.
Am I missing something here?
thanks.
quick noob question. are there any fee's outside what my brokerage charges for the trade.
I never really used etf's before, but I bought a bunch of FAZ today. I think the market is going to go down after this recent run.
can I hold my Faz shares as long as I want?
thanks in advance for your comments.
ohh I know how it works voo. For those that talk about charts, gaps to be filled, rsi, bollinger bands, spinning tops, death crosses, yaddaaa yadddaaa yadda... WMIH will only make real positive long term gains on material events and what the business earnings going forward will be and nol utilization.
just look what happened to apple recently. someone pays the wallstreet journal to drum up a month old hit piece that wont even list its sources. then you have the talking heads on cnbc all coming out like cramer. apple is not cool anymore because my daughter said so... and look at it today. its such a game to fleece the average investor. options expiration this week and the market makers get to keep all that premium by using to media to temporarily knock down a stock. (luckily I was smart enough to load up on the bs) but still its stuff like this that just shows how its all a game.
come on everyone. can you all realize its just a game. same goes for wmih. the pps movement means nada until we know what is going to happen business wise. Anyone recall when the shareholder meeting date is?
I only care about these things. everything else is just noise. no one knows until we know... if you catch my drift.
lol. 150 bucks just moved the stock 7.14%..... just shows pps means nada. lol
the volume has been weak all day.. kind of reminds me of the old days.
hard to get an order filled as well.
Like I always say. I have a super comfy chair and plenty of time to wait.
I care about the material events and nothing else. As for the LT we have no control at all over that.. so our escrow will see a distribution as things come. As I recall the H's are ever so close to start getting paid.. so hopefully we will start to see that paid then on down the line.
as for WMIH.....
most of us have been here for more than 4 years already. I dont think anyone is going to turn back now. eventually even if a material event does not occur in the time frame we expect. the company bylaws indicate a date... which i am always forgetting according to the document a date in which we are to have a shareholders meeting...
just saying.... one way or another.... blackstone and the bod will do something or.....we will get our chance to have our voices heard.. one way or another something will eventually happen.
dont misunderstand me. I think something is cooking as well, but the time line might be different for them.
Ok so lets say they know something good is coming many months in advance or recently found out some good news. maybe they are positioning in advance of this news.
All I am saying is for all we know they are positioning for something days,weeks,months, etc... in the future. we just dont know what that timeline is.
I think at the end of the day the announced material events by the company will tell the tale and not the pps.
I will part ways and disagree with this opinion. I still say pps means nothing in terms of the company material events.
we can drift higher or lower. makes no difference to the end result. I only care about what the bod and blackstone do to bring value to the shares and the company. everything else is just entertainment.
my 2 cents.
I think you guys are still focusing too much on the pps movements.
I personally only care about what actions the BOD and blackstone will make or have made for the future of the new co.
I also on the other side of the spectrum care about the the LT is doing for the escrow.
just my 2 cents.
good luck with that. they announced on cnbc ipad mini sold out in a couple of days in china. going to be a record quarter.
might i bud into your conversation a bit and make a suggestion. its obvious someone is "trolling". so i say dont respond and feed the trolls the attention they desire.
anyways as for the whole end of year predictions and whatnot. I guess I am on neither side of the fence. to me the pps means nothing as material event which includes the bod actions and blackstone are what I am looking for regarding WMIH. (this may explain the rise in pps and accumulation of shares of those in the know or not as some speculate.)
As for the LT. I want to remind everyone that the H's although close to start getting paid have not yet and those need to be satisfied prior to the p's,k's, and common escrow shares to start getting wet under the waterfall. We have no clue as to what GS might settle for ultimately and what other causes of action the LT plans on going after in the future.
For all we know they could have already locked in a settlement or not.
I would suggest that everyone stay patient because after 4 plus years there is one certainty that getting ones hopes up on predictions not based on tangible facts will do no one any good.
I do hope we see some actions sooner rather than later, but I will say again. I have a super comfy chair and plenty of time to wait.
Just my 2 cents. thoughts?
does anyone recall the document post emergence that stated the exact date/time frame by which the bod is to hold the shareholders meeting.
I think by law they are supposed to hold this meeting by a certain date.
correct me if im wrong. Of course my opinion is we will have the material events prior to this date, but it would be nice to be reminded of it.
Intel Corporation (INTC) & Apple Inc. (AAPL) Working On SmartWatch [REPORT]
http://www.valuewalk.com/2012/12/intel-corporation-intc-apple-inc-aapl-working-on-smartwatch-report/
and
http://www.insidermonkey.com/blog/apple-inc-aapls-app-store-had-a-very-merry-christmas-33913/