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did you see them (MM) trying to paint the tape at the last second with someone else
2 fills both @ .284 !!! Why not?
OK I AM BUYING MORE RIGHT HERE FOR 2 DIFF accounts. ITS A MUST>
IMO
BEST
Z
still this is the range of vol. i was looking for, at least until there is a reason for 100mm plus vol. days (news, etc.)
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u r correct, 23mm vol to 47mm in like 30 min on LEHMQ LOL!!! Buyers got lucky 2day gonna get a great price for 2maros game.
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its possible to close higher than that because I dont think the open orders are getting filled the way they want them to. They dont want to bid it up to .50 or .60 tomorrow.
AJMHO
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Great reply, gotta put u on payroll! thanks again for your excellent answer.
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Z
There are 2 very large orders trying to get filled right now that I know of. Probably more than that out there. This is the volume I had spoke about 0yesterday. The buyers dont want it to run from them they want reasonable avrg to make a killing too. Someone knows something!!!!! ALL JUST MY OPIONION, the buyers are from a friend.
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ur da man! TY ! what does waterfall mean? never heard that used before not pertaining to actual water.
TYIA
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what do you believe they are referring too with this
Page 7
1/24/2010 (Sunday) Reviewed response to Equity Committee's filings; Evaluated claims waterfall for different recoveries (??)
I bet! My point was that if too much frenzy volume you get poor or unsustainable price action. right now everyone with certain program triggers has this stock on its radar so I believe you will see more volume but I like the big buyer who is looking to fill an order of 100mm ssssshhares under .75 cents. then his MM is quietly playin all the other MMs to get a fill over 6 days or so. He (MM) is buying on the bid, offer and all in between the bid and ask so if they short it to him he takes that too. Also has his other MM friend who is helping him fill the order from another account. If their are big buyers quietly positioning this will be bidd up nicely by mid next week.
JMO
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If we keep volume about 20mm or above per day we will be at 1$ dollar next week. Of course that is my opinion.
Best,
Z
The 3rd link is interesting. They payed off a claim against them it looks like. Media co. they owed $ for service i am guessing here.HMMMMM?
My gut feeling is Paulson was referring to the CDS;s on WAMU. Insurance premium spiking almost 2x in 3 months. That is a trade that someone impotant had the wrong side of. Wonder how they are involved in this whole mess. Bet you that if you dissected that trade you would find another smoking gun!
All JMO
Z
FDIC may sell bonds tied to failed banks: report
NEW YORK
Tue Feb 23, 2010 8:18pm EST
Related News
* UPDATE 3-US FDIC reports 27 pct jump in problem banks
Tue, Feb 23 2010
* UPDATE 2-US FDIC reports 27 pct jump in problem banks
Tue, Feb 23 2010
Stocks
Corus Bankshares, Inc.
CORS.PK
$0.04
-0.01-18.60%Data as of 2:09pm EST
1D | 5D | 3M | 6M | 1Y | 2Y | 5Y | MAX
Close
Competitors
Bank of America Corporation
BAC.N
16.27
0.332.07026
2:08pm EST
First Midwest Bancorp, Inc.
FMBI.OQ
13.99
0.594.40299
2:01pm EST
Corus Bankshares, Inc.
CORS.PK
$0.04
-0.01-18.60%
2:09pm EST
Franklin Bank Corp.
FBTXQ.PK
$0.00
+0.00+0.00%
11:08am EST
NEW YORK (Reuters) - The Federal Deposit Insurance Corp may start selling bonds tied to the assets of failed banks as soon as next month, according to the Bloomberg news website.
The first sales could include about $2 billion of the FDIC's remaining stakes in loans from Corus Bank (CORS.PK) and Franklin Bank (FBTXQ.PK), according to Bloomberg, citing people familiar with the matter. The agency would guarantee the debt, the report said.
The FDIC also may sell parts of a re-securitization of about $2 billion of mortgage bonds without government-backed guarantees, Bloomberg said. The FDIC would insure the senior-ranked securities but is unlikely to sell or guarantee the junior securities, according to the report.
A spokesman for the FDIC said in an e-mailed statement that the agency cannot comment on pending sales.
The FDIC, which currently holds about $40 billion of assets from seized banks, last year sold part of its holdings in Corus and Franklin as structured loans, according to the report.
(Reporting by Clare Baldwin; editing by Carol Bishopric)
Just found this. Guess they might need some money, what better way to get it?
PS this is my last allowed post, guess I need to become paid member?? anyone? could jus call it a day i guess and wait for midnight snack.
TYIA
BEST Z
Spooky isn't it. ??
dont know dont follow him/her. i do my own tech analysis and you cant really use that on stuf like this. sometimes to confirm gut feelings but rarely, volume speaks volumes if you know what I mean.
if that happens i feel it would support my theory that there is a big open order being worked. this chart pattern is shaping up to mirror the Sept pattern. JMHO
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who did you put the order threw (ie broker?)
if you look at a 3 day chart w volume you can see this was a profession order (Buy me everything up to .26 min 10mm shares or 100mm shares, I dont know) I see the blocks from monday to today everytime the price ran from them they backed off knowing the MM game cause they are one too. When the MMs realized their was a big order they got spooked and scrambled to buy along with them. It seems like you also had some week hands,(traders) who took profits along the way. Now they are testing how low they can take it b4 the original order trys to keep filling. Mind you , just like you and I , the MMs dont know how big of an order is trying to get filled. They already looked back to see if they can see a silent bidder in the past few days trying to get filled., this very well might get interesting if you have more volume 2maro. I would speculate that someone knows something somewhere and are front running.
All my opinion and you know what they say about those.
Z
in that snap shot I would say NITE is accumulating bid and faking on the offer. IE buying all she can.
JMHO
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Well, possible answer to who bid it up on 20mm shares. FN Cramer and his lackyss. Gee can u say front running!!!! JMHO again
Lets see 2maro, someone could have got wind of big story or something like that which will hit on Thurs.
JUS MY 2 cents
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Anyone remember why JD got fired from CITI? Maybe he learned this trick a long time ago and got caught doing something of that nature their. I might be reaching here, gonna go see what I can find. 2maro, cant see strait.
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1st reason I am still buying.I said the exact same thing almost verbatim to the person who told me to look at this cause he knew what I did in a past life. I said to him "You will not beat the FDIC, or JPM. The powers that be wont allow it to happen, they will say due to exigent circumstances we can do whatever we want" (sorta like eminent domain type of screwed). (maybe it was me who said that to you lol) I bought a small block of stock anyway. Then I went to annual Superbowl Sunday morning skeet shooting with some friends and met a BK attorney who drove out with us. I then laughed and asked him a silly question. " Are you familiar with this WAMU case going on?" I swear on my life I giggled like a little child when he said " O, ya. Ya I know the case very well. Do you own any of it he asked? I said yes what do you think?You actually might get money down to the commons with that case, that was a very messy takeover". I went further to say to him what your friends said to you (verbatim) and he said that this case was not a normal BK and that this judge is the one you want to have that case in front of. USED HER NAME LIKE THEY WERE FRIENDS> He had been in her court before. This is my truth take all with a grain of pessimism cause I would if I were you.
Then I did my own DD, found this board from friend who recommended WAMU to me, and with some more research provided here made an informed intelligent investment. Still buying!
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he asked that so someone else would say the words "COMMONS GET WIPED OUT" on the board. Comon mon! You knew the answer to that!
Are they asking for this in order to have the ability to have a focus court ordered "full disclosure" (discovery i think it was called)that she denied in its present form (too obtuse or broad" I think she said. "no reason to do that as of today cause they seemed to be complying with your requests" Something to that nature, don't remember the exact words but do remember leaving an opening to be considered if they focused the "claim" (petition? not lawyer don't know correct language)to certain subjects. Why are they opening this can of worms again at this point. Someone not playing nice at the negotiation table.!?!?!?
Anyone? Pref Legal mind or Rain man.
My personal opinion is that the commons are the play now. However, I would be taking profits in Ps to overweight commons, trying to keep some skin in the game on the Ps. There has been much speculation lately, all from intelligent and rigorous DD and a few very crafty minds. The fact of the matter is as a dear friend once said to me "This rabbit hole goes deep my friend" and where it goes/what comes out of it we all can hope for but we just don:t know. Professionals that do this for a living mostly will have a hedge or a stop point to protect a certain trade from ending the game for them when betting big. Spreading risk is always a good thing no matter what vehicle or strategy you implement. Greed n Fear in the end makes the market, too much of either one and you will not make $. Balance (Zen)is good.
Disclosure. I only own the commons but would have bought across the board if I was here early enough to get your prices.
All jmho.
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Do you think they (MM) will not let it below .22 in orderto show a strong I MEANT SUPPORT< SORRY LITTLE FRIED TODAY< NO SLEEP WRONG PILLS LOL line for the tech. traders and pull in higher buys or do you believe there will be an attempt for a strong shakeout before 3/4? I have my own beliefs, always interested in intelligent opinions.
TY
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saw that TY
dont get me wrong love seeing green, i had 3 diff buy orders in yesterday at .222 .223 .221 testing to see what was real and or what they wanted to fill or not. No empirical evidence or structured study, just my feeling on how it is trading. All i do is watch stocks trade and watch market makers play games w investors and markets psychology. JMHO
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This chart and price action looks like a painting with the artist(MM's) painting a masterpiece. I feel like the guys that come on w these charts n support resistance bs are the MMs! If you and I were the MMs we could paint this picture too. Need more volume for it to trade naturally(supply demand fear, greed etc)
JMO
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Scenario? For arguments sake say Nite is short 40mm shares at .15 avrg. Lets say that wamuq gets a 1:1 stock swap.(I personally find hard to believe but go w me on this for a sec). Now the 40mm short pos. is 40mm short in JPM lets say trading at $40. Im trying to get my head around this but wouldn't that give them a very inexpensive way to short a ton of shares on jpm with a very good bet that the dilution and news would spoke JPM down to lets say $20 and then they could cover and make 100% on a less than risky trade.
Wamuq holder would end up w lets say 1000shr swap for 1000 shr JPM
If you were short 1000 q you would end up short 1000 shr JPM
Anybody w trading exp. or IB exp.?
Still puzzeled bout this short pos. makes no sense if we are on the right path herew what I hav to say are some very smart people on this board. All jmo
TY GMEN N FIXA
anyone hav phone number to listen to court hearing? ty in advance
the shorts will have to cover at market prices if they are pressured to do so ie. no backroom deals for stock to cover position. But we still have no idea of the avg price of short position so it makes it very difficult to speculate jmho
Only 2 question really.
which entity hold this short pos.
and what is avg price of short pos.
Like a seizure of a bank or account that looked empty, brokerage firm, trading house, hedge fund etc. that got obliterated on the downdraft, carelessly overlooked an account? Ya maybe, but its a little thin.
The only thing I can say is the short pos. is a peculiar strategy which one day will become more transparent i believe.
J
Best of luck,