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The reason is that the govt. basically took them over aka a BK - so they can do anything they want at anytime and shareholders mean nothing. So take profits when you can.
Yeah I bought yesterday 80,000 shares and sold today for .98 so I think I did well for 24 hours of work.
I love the excuses.... Its called the smart people are profit takers
like I said sell on news!
sell on news and buy on dips...
It was almost the same news
Freddie had great results yesterday and they had lots of volume but ended the day only being up .03
Because the stock is deemed worthless< similar to a BK stock
well we now get to see the price at .10 haha
what type of company do we have now?
I wouldn't complain at all.. there are many BK's where you get nothing. The fact that we will get part of the new company is not too bad at all.
I saw this as breaking news a few hours ago on CNBC! So we will have lots after this today!
I know but I'm just thinking of the half dozen times where we talked $8 only to find ourselves back under .08
Lets work on .20 before we are talking $1 $5 or $8
Lets work on .20 before we are talking $1 $5 or $8
Really... and how do you happen to see this?
43M in a little over an hour!
I have been in and out but it would be great to see another major run.
When are they figuring this could happen?
When will we see this??
If its so good for equity then why aren't we moving up?
Where is the life in this stock?
You saw this where?
I think that sounds good to me.. hopefully sooner rather than later! I want to see a massive run.
when do you think this will happen?
Well- is anything ever going to bring up the pps again here? Think we will have a repeat of last feb-mar?
where was this?
what will happen Mon with the pps?
it would follow the pattern of run ups on this stock if you have been following for the last 2.5 years- in the next few months we all should be happy- sell when you get a good number!!
Lehman got nothing so far... I have shares of that and they are worse than here.
I agree- so many dreams here!!
I would settle for $1
13 Billion to WAMU-----------------------------Yeah that would be nice to have actually happen!
We are due for the next huge run up, I would say we go past .80 this next time.
When do we hear this?
So when will all this great news be released?
Do you think the mood was better??
This will be huge soon!!
Yes interesting!