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I'll give whoever taps the ask before close a lollipop
right click and hit refresh quotes
WAMUQ court trial to decide the fate of $4 billion October 22nd. Expect a nice run up between now and then, and possibly afterwards.
**WAMUQ Annotated Chart**
**WAMUQ Annotated Chart**
It was a red day but there was alot of buying compared to the last week. The only reason we closed red is because of the massive spread which allowed NITE to lower the ask very far down without any trades.
mm's moving off the ask. .225 on the ask now with ETMM as the only mm. Expect some nice gappage tomorrow
500k buy after hours .0006
The only being careful we'll have to do is not accepting JPM's initial settlement offer.
Bid .218 Ask .217... is my l2 messing up or do others see this?
EDIT: Ok it changed, and based on the instant .217 and .218 buys id say it wasn't a mistake on my systems part.
Personally I expect friday selloff, monday it will be a battle between the bulls and bears with the bulls taking the lead, and tuesday it will run. Of course, any information on the 22nd could change everything.
EDIT: If friday doesn't selloff then i think monday and tuesday will not sell off. It will either hold its high or run, most likely run.
We've cycled higher so far each time. No reason to believe otherwise. Personally I thought the run to .44 was going to be a run to .26 based on .10 resistance, then .14 then .18, then .22, seemed it was going up in 4 cent intervals. Imagine how mad I'd be if I sold at .26 and it ran to .44. Especially if its consolidation didn't bring it back down. I've been holding since May, I'm sure as hell not gonna sell before any court trial, I'd feel safer doing the half-cent flips during consolidation, but I'm better off just holding.
Looking at the charts, one should expect exactly what is happening. Every time we have a court date its always the same story. Start to lag off to support on low volume, everyone panicks and says they shoulda sold at the last peak, big green high volume candles for 2 days and everyones happy again, then big red candle erasing the 2nd days gains and everyones pissed. Then we lag off downwards on low volume towards the support of the first green candle and everyone gets pissed until it happens again. The only exception to this was in September because that trial had big expectations... and as such the run up started almost right after the last one. Lots of people still wanted to wait until right before the trial, so we had constantly increasing pps for pretty much a month. People got used to it and now that we're back in our pattern, combined with the fact that we're down over 50% from the high, the haters are in full force. I wouldn't put much thought into it. It's a cycle that will continue until the end, I guarantee it.
It doesn't matter who sells. It won't run until one day after YOU sell it. And by you I mean whoever is reading this at any given time.
Don't worry it will go soon. You just have to wait until the day after you sell it.
Nope pretty much anyone flipping it who knows what the end game will be goes through that, and only does it once.
Thanks and I hope everyone here makes millions! Even the bashers if they own shares.
I flipped once and got 130 extra shares, 24 extra dollars pocket money, and a migraine from freaking out every time there was a buy. Not a fun experience. I'm just gonna hold for the end game.
A) We have tons of lawyers on the board
B) Everyones sick of arguing facts that everyone already knows. If no one has anything significant to say... then lets just sit on the sidelines until we get more rulings. There is no reason for this board to be in the top 5 every day with absolutely no new information. I'm sure everyone is sick of reading through 1000 crap messages every day just to read 2 or 3 good ones. EVERY argument made in the last week has already been made (except for maybe the one about AF not holding a large amount... which is utter crap. There is a thing called a share restriction... and they maxed it out. Do some dd before you make yourself look like an idiot), and every point that makes us look good has already been made. Whenever new docs come out discussing them is fine... but harping on info we already know is just annoying.
nay; NAY I SAY!!! NAY NAY NAY NAY!!!!!
Did we settle yet?
I think when this is all over you might wanna take a few of the dollars you earned and buy yourself a new keyboard.
Does anyone know when the short report is supposed to come out? The calendar says it's today, and I thought it was supposed to come out at 4:20.
I agree this company is hopeless. I'm in it for the pump... if it's gonna happen it's gonna be next week. I'm out next week one way or another.
Less than 2 million volume so far today. We've had higher volume in the first minute of trading. 1 trade today for 174000 counted for almost 10% of the daily volume so far.
DOMS sold all those shares at .0008 an now is sitting on the ask. Coincidence?... i think not... looks like we just added a couple million to the float.
Purely from a technical standpoint, if we hit .0009 on Monday or .001 today we should fly. Part of me is leaning each way on whether this will actually happen.
‘Bank Minded. Wild at Heart’
http://blogs.wsj.com/bankruptcy/2009/10/08/bank-minded-wild-at-heart/
Wait till they hear about this one at WaMuTruth.com, WaMuStory.com and the other online rallying points for those who lost billions in the largest banking collapse in U.S. history, that of Washington Mutual Bank.
Grieving parent Washington Mutual Inc. is peddling intellectual property it no longer needs now that its main business is beating up JPMorgan Chase & Co. Last year, JPMorgan took WaMu off the hands of worried regulators in a lightning-quick, allegedly dirt-cheap deal, setting off legal brawls.
In the meantime, Washington Mutual Inc., WaMu’s former owner, is disposing of trademarks and domain names in the U.S. Bankruptcy Court in Wilmington, Del.
Nothing using the WaMu name is going on the auction block just yet. Anyone hoping to buy the rights to the Internet domain WaMusucks.com, for example, is out of luck. Washington Mutual Inc. owns that particular piece of Web real estate, and creditors so far have not been able to bring themselves to part with it.
But Washington Mutual’s “Bank Minded. Wild at Heart” trademark is for sale, according to a filing in the U.S. Bankruptcy Court in Wilmington, Del.
The “Wild at Heart” trademark was not linked to WaMu’s chancy home lending operation. It refers to banking services for the arts and entertainment crowd, including sporting events and concerts.
“Bank Smile Repeat” is also up for sale, as is “Smiling All the Way to the Bank.” Guess they don’t need that anymore at Washington Mutual Inc., which was driven to Chapter 11 shortly after panicked depositors withdrew more than $16 billion from WaMu in a 10-day period.
Then there’s a line of goods that are a little frightening, given that the entity that owns them is the lawsuit-proof bankrupt parent of the biggest banking flop of 2008: trademarks and Web domains that offer protection against identity theft. Washington Mutual Inc. is selling its ID Theft Inspect trademark, and a batch of identity theft-related Web domain names: identitytheftinspect.com, idtheftinspect.com.
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You know what they say... any press is good press. At least the info is getting out there.
There are ALWAYS chances of extenuating circumstances in which someone could appeal even after a ruling which states otherwise, but unless Walrath or WMI screw up BIG TIME and break a major court law (which is EXTREMELY unlikely) JPM will not be allowed to appeal. I wouldn't doubt that JPM will try to appeal anyways; for some reason they don't understand "no means no", but that doesn't change that it does in fact mean no.
k :) I figured you did, just making sure because I've actually gotten that question before. It's sad when people just jump into this. I paper traded for months before I ever used a real dollar, and I learned to read charts while paper trading. With all the false messiahs out there, it has been a lifesaver time and time again.
"In late September 2008, the FDIC seized WaMu and sold its assets to JP Morgan Chase for $1.9 billion, despite WaMu purportedly having assets of $307 billion. This was the largest bank failure in American history."
http://www.huffingtonpost.com/2009/10/08/in-housing-crisis-report_n_314139.html
The article is definitely not pro-WaMu and it's about the mortgage crisis, but at least we get a mention of the scandal.
I think someone just bought 500k = Someone just bought 500,000 shares
(at the bid?) = sold at the bid instead of the ask, meaning it was registered as a sale and not a buy. If you don't know what a bid is don't trade stocks yet.
BBs are tightening! = bollinger bands on the chart, the tighter the better
50SMA is reaching 200SMA. = SMA is simple moving average. 50 crossing 200 means that the average over 50 days is higher than the average over 200 days, which is a good thing.
Accumulation still at all-time high, and volume is very low on this selloff. I don't think anyone important is selling. Not necessarily gonna fly, but this is a bullish sign, usually when pps drops so does accumulation... this shows mm games at work.
Well yeah I guess I can give him that...
If we get JPM stock in a swap and there are no holding restrictions I'm selling mine at market open the day I get it. JPM is in hot water right now and there are much more solid companies to put my money in. My money would be safer in an oven running at full power than in JPM stock.
They probably wanted a certain amount of money, and when the buy volume dried up they sold on the bid. Now they have what they need so they aren't selling (for now). I suggest if someone calls they ask if there is a legitimate reason for the dilution or if the CEO is just a scumbag pumper.
Whaddya know... huge sells at the bid and DOMS moves off the ask... someone might want to call and get an updated OS... my guess is it just increased by 18 million at 1:59
Don't be surprised if that number gets higher before the day ends. I'm fairly certain DOMS is the mm that is diluting, and he's been the only one on the ask all day.
Baseless? I've been here since May and in my experience the pps jumps before every court date that we've ever "baselessly" pumped.
588%
PPJE chart