shorts better cover now

think we will finish above .25 by the end of the week. imho

You are most likely correct and can see an extension of the "made public" date of the examiners report.....

But why would there be a one week period between when the FDIC, JPM, and the parties that be see the examiners report before being made public?

The only logical explanation would be to give someone the chance to keep it private at all cost and settle.

Who would want to keep this private? FDIC??? JPM??? Both??

Cover, Cover, Cover.

One was a sell for 750,000 and another a buy of 496,000.

If that is a short that is very risky. The shorts are better off buying at this level or covering and take their chances at another stock. There is higher possibility of this stock going up quickly in the next week. Too much risk for the shorts. Better cover now.

Is it ironic that he is trying to make an analogy about the titanic? Because rosen is going to go down like the titanic very soon.

http://bit.ly/cAAZUS

http://www.ft.com/cms/s/0/a31c22d6-dd2e-11df-9236-00144feabdc0.html?referrer_id=yahoofinance&ft_ref=yahoo1&segid=03058

I was looking at the same thing. thanks for doing the research for us.

Great Post!!!! thanks for putting the time in.

Maybe a settlement over the weekend?

We are rising back up because the MM know that the V 6 was all BS and will never ever be voted on.

They tried to push it down, but there are no more shares to short and the longs will not sell.

IMHO - Just another scare tactic and desperation by Rosen. The good judge will address this in court on Friday and will have some harsh words for him.

Version 6 is not worth the paper it was printed on and has no chance of ever being approved.

It is all part of the crooked scheme from the beginning. Now to see the bashers on I-hub and Yahoo posting like crazy to scare you into selling your shares is just another reason why I'm convinced this has been rigged from the beginning. I also love how some of these bashers have just started their yahoo accounts today and ironically are commenting on each other stupid posts to scare everyone.

F - the FDIC for trusting Jamie Dimon lies
F - JPM for orchestrating this scheme for years prior to Sept 2008
F - Jamie Dimon for being a greedy self centered liar

I think they might let this run up a bit. Maybe to .005??? IMO

What is going on?

That is a great Post. One of the best I ever read. Thanks for taking the time.

That was a HUGE BUY of 790,890 shares for a cost of $156,596


That is either a big short cover and/or someone knows something????

Feeling that Also. These shorts need to cover sooner or later or they will be toast. Can't afford news after hours, and they are taking a chance everyday that goes buy. The MM can't hold it down forever.

50 million +

I love a nice gap up at the open.

and really love to see the shorts cover

pre market buys!!!!!!!!!

Looks like a nice short cover. 40+ million more from the shorts and who knows 100+ million on Naked shorts???? Then IMHO we will be over a $1.00

I was thinking the same thing.

There has to be a settlement coming prior to Oct 8th at the earliest and definitely prior to November 1.

Should be a great Halloween.

We might get a settlement between now and Oct 8th. imho

WOW over 500,000 shares buy just went through.

Maybe a settlement is coming sooner?

This is the biggest volume day in over a year. There has to be some news coming out soon.

Something is happening here. Not sure what?

Would love to see this get halted before 3:00pm and open up tomorrow.

The Truth needs to be told that the FDIC seized a solvent bank.

The MM are just trying to take it down one more time so they can cover some. Nothing new to worry about.

Finally the MM will let this run

What just happened? I went to get a coffee and come back and BOOOOOOOOOOOOOM!!!!!!!!!!!!!!

That was a nice 417,611 share buy just now. We will start to see some 500,000+ buys here very soon...imho

142,300 Share Buy.... Someone just covered

Not sure if someone already suggested this before.

Just a theory...of what was in the sealed documents from July 8th hearing.

Based on events from today IMHO there is a very good chance that the sealed documents filed is the settlement that the EC would accept. They would not be able to make this public info prior to the judge ruling on the examiner.

There is a chance we might see an offer to settle now prior to the examiner being appointed next Monday. This can only happen now that the sealed documents filed had the settlement offer the EC would accept.

Again....just a theory.

My guess on offer will be low $4-$8 a share if they settle to $17+ if the examiner will uncover what we all know they can.

WSJ Article now
http://online.wsj.com/article/SB10001424052748704723604575379273785649594.html?mod=WSJ_hps_SECONDTopStories

Agree with you

The Market Makers...AKA. Market Manipulators will not let it run until all their short friends have covered. I think there was 40 Million plus short so we will need the volume to be much higher than today for this to run.

IMHO I can see this going up to .25 and level off there for a bit before going back to .34 then .50 then up from there.

The funny thing is if the examiner did not get approved today the pps would have been below .10 in less than two minutes.

We get approval for an examiner and trading comes to a standstill with 1000 block of trades and is down 5%.

These Damn Market Makers are criminal.

They drive it down so they can cover their shorts as low as possible