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You could be right. But then as I was saying to Bobvious what about the dozens of times over the years which volume did not precede significant pps change, what were all those? Why does it keep happening?? Who keeps getting the message that price is going to rise or fall only to have that message be wrong, time and time again?? Whats going on??
I'm wondering if there isn't another reason for stock to change hands other than belief in imminent profit or loss...something deeper than my understanding...
Edit- It did just occur to me that my company's fiscal year ends Sept 28...could be stuff like that....
You got me a little excited so I went and checked my etrade. No change of any kind unfortunately.
Ok well thats a good cya answer. That's a logical statement, I'll give you that. The problem with that is that then any change that ever occurs after big volume can enable you to say that you were right. If the price goes up 10% in June, you can point to the volume change in early May and claim that that was a big sign.
I don't know. Look at the last five to ten years. We have had dozens of massive volume spikes with no real resolution, and currently sitting at less than half of our all-time high. That means that all of those volume spikes ultimately were in fact not a sign of any permanent positive changes.
High volume for just an hour and 15 minutes of trading this morning. Unfortunately as we see time and time again, volume does not always proceed price change. Friday's monumentis volume at the end of the day is yet another example of this. In fact, it is so common for massive volume not to be followed by significant price change, that the entire saying, "volume precedes price" may need to be looked at again. And possibly dropped.
It's called denial. oh btw, welcome to 1.325, that was our low this morning so far. The monthly chart looks like a bumpy road down to hell lol. Keep your day job folks
"Happy days" are not here again. Pps is less than half its ATH and escrows have returned nothing after ten years. Odd messages...
Nice story, but not headline news. Really just one author's reflection on history and nothing else. Deceptive to call it news, I read eagerly hoping for something relevant to our recovery only to be disappointed. Thanks anyway.
It will happen in October. I promise you.
Its fishy. I cant see a little wine cork plugging up the Mississippi River. I too have wondered why we didn't just pay them off. That was the foundation for my concern that the river may not be as full as some think. I also dont see their attorneys not having a good idea of how full the river really is or is not- it seems to me the court would deem it necessary to give their attorneys that information. Im sure it would be a good thing for these claims to be resolved and go away, but I feel its likely another road block is beyond that one, if in fact there is more road up ahead to begin with.
Thank you for the answer, very informative.
Regarding you're following comment, " you may be best to not watch it daily"- it's really okay, at just $4 per former P share, I'm not dying for my tiny $2,000 cut LOL, I was really just curious.
What date does the $40M get distributed to us?
I agree that the rs seems like a necessary evil. I like that we'll have a pps that the mainstream financial world will welcome to the adults table. Hopefully this rs is one of those rare success stories.
And now back to 1.36. Your charts are useless
Well Mattchew, so what is your thought on outcome?
1. Do P's get face or more if money shows up?
2. What kind of money will show up?
3. Does 75/25 end after the $40M is distributed or after P's receive face?
Wmih down 12% last 30 days. KKR up 12% last 30 days. Hmmm... looks like we're the losing party in this relationship.
That is a cop-out answer and doesn't address the issue. You need to come up with a better retort to respond to those people who have legitimate questions. After 10 years of heavy and consistent pumping with 0% accuracy, and apparently no shame reflected in repeated incorrect assertions, I do not believe that it is inappropriate to question the motive of those pumpers.
No I believe you are wrong in your hopeful theory. We have already had many seemingly positive events over the years in which prior to those events the rhetoric was identical. It was always, "As soon as (blank) happens then pps will go up to (blank).
I see no reason to believe anything that may occur soon (or may not) will break that pattern. As you stated, "imo". Respectfully the hopefuls here such as yourself, AZ, Ron, etc. despite seemingly having an impressive grasp on financial matters, nevertheless can't get anything right here. I can't list how many times Ron has predicted huge money coming back on a date or a month only to have that fall through. Its the pattern that never ends. And AZ thought all obstacles were removed years ago. And you believe every single big money movement by any bank in America is a sign we are getting that money, but of course we never do.
Myself, as someone who views himself as neither an optimist nor pessimist but simply a practical pattern watcher, I would be very appreciative if you would explain to me the benefit of constantly predicting positive things that never come to pass. Can you do this for me? I sincerely would like to understand the psychology. Is it a coping mechanism? Are you doing it for yourself or for others? Are you incapable of acknowledging the patterns I've listed? What is going on, please help me understand the psychology.
TIA
Of course we will. The current pattern clearly states this. There is no sign of pattern changing soon from its month long decline. If/when the fall slows/stops, we have no clue how fast or when it will rise back up. Large positive events seem to never (or rarely) effect this stock price in the positive and permanent way everyone hopes. And WMIH isn't alone in this issue- Just look at Dropbox- The last two quarterly earnings reports have been stellar and nevertheless they are immediately followed by long steady drops in pps. WMIH has always experienced the same curse (for lack of a better word)
I agree.
WMIH pps essentially back where it was immediately after last merger news. This is a repeat pattern with wmih- merger, boost, long drop back down. Ultimately the last ten years has produced no stock value or escrow value for us and following it had been a loss of thousands of hours.
Dont know why no one has written to you in response that either,
A- understands what that is, or
B- got the same notice themselves.
My friend got the same notice I believe. Is yours dated Sept 14?
Agreed. At least partially. What we have here is maximum power entities combined with minimal public visibility concerning their wamu/wmi/wmilt/etc related actions. That means the law can read however those entities wish.....almost anyway.
I believe you're correct. I just don't think there's going to be a magical day. Too many predictions, too many times have gone nowhere. It would fit the definition of insanity to not believe the pattern would continue. But if we temper our expectations, and allow for much more time, then our expectations may come to pass. Back to $2.50 by 2020 seems doable. And regarding escrows, it looks as though each person who owned a P will get back $4
I can't answer that question but I'd like to point out one thing-
Look at the pps action of KKR stock the last month. They keep hitting new highs and the behavior of their stock is exactly the opposite of wmih.
I hope you're right because looking at the last month chart for wmih the PPS is in a steady and continuous decline
Yeah, I just text my friend that he is likely to receive $2,000 back. You can imagine he will not be changing his lifestyle anytime soon LOL
Best advice ever given on this board. Also no one should quit their day job. People way smarter than me financially speaking, believed that all obstacles were removed 3 years ago. Now the 10-year mark approaches and it appears unlikely we will be paid before then. I'm going to cross my fingers for the low end of hotMeat's guess of $2B coming back, and frankly I think thats still optimistic. Only $40 million is guaranteed. That equates to $4 per P.
"Named cooper who committed some terrible crime"
Well there is already DB Cooper, infamous airline highjacker, conveniently from the Northwest just like WAMU
Only the faithful "need optimism". The practical need simply to keep their day job. Please keep in mind, there are two valid but very different mind sets- one being those who would prefer to "be prepared for the worst and then everything else is great", while the other justifies continuous delusion as a coping mechanism (faith). One state of mind is not more valid then the other, and different mentalities will operate better under one or the other. Both are represented here.
I don't know but supposedly "ALL OBSTACLES REMOVED" happened about three years ago. All confidence that one knows the process or timeline and outcome here, should be removed from the delusional psyche of anyone who holds such a thought.
What!?!?! You mean this isn't already wrapped up, done deal, money in the bag? You mean that we aren't just waiting for standard protocol to finish before our monies roll in? You mean it's not a certain and guaranteed thing that we will get the cash?? Well thats not what I've been hearing for the past three years...
Last three to four weeks has seen a $.21 pps drop.
Thanks for the challenge invite. This will be my last post and view on this board. I'm interested to see if I can avoid looking here until September 24th at least.
Have a good one
"....so the only obstacle that remains.."
Crap, you just jinxed us unfortunately. Don't you remember AZ's "No More Obstacles" claim like 2-3 years ago?? I think getting escrows to offer returns is like getting your ex-girlfriend to come back to you- as long as you keep pining for her she'll stay away, but as soon as you are truly over her and don't need her anymore, then out of the blue she calls and tells you she's missed you.
I'm going with- nothing substantial is coming back and the small amount that is will be 2019 at the earliest. Once I am so unconcerned with escrow returns that I don't look on this board, thats when something will happen imo.
OK folks, in case you haven't been keeping track we have a new BIG DATE!-
"Sep 24th-Oct 16th".
This new date replaces the last date of sure riches, July 31, which replaced the last shareholders meeting date, which replaced Mar 31, which replaced new years eve 2017.
Reasons to be hopeful for those that have (finally) learned better- The poster Hotmeat appears more bullish than possibly anytime previous. While many posters have historically been touting escrow return figures in the tens (and even hundreds) of billions, poster Hotmeat has always fought for calm and reason in an attempt to provide responsible forecasts, providing more conservative estimates ranging from $2B-$15B, and even the chance of significantly less being very real in his mind.
Todays post however is just one more optimistic post that he has written recently since the latest news about employee claims being disallowed. While not stating any new absolute recovery figures, he has stated that the developments appear to make it extremely likely that there will be at least SOMETHING coming back to us in this newly quoted timeframe.
As we wait with fingers crossed for Halloween to arrive as an early Christmas season, there are always possible unexpected news and updates that may change the forecast once more.
Don't worry, price stagnation and drop are always part of the master plan to get us riches! LOL LOL LOL
Look at the price range today, OBVIOUSLY BEING TIGHTLY CONTROLLED BY SECRET NEFARIOUS ENTITIES FOR A PURPOSE THAT WILL EVENTUALLY LEAD US TO GREAT RICHES! YES, THEY HAVE BEEN CONTROLLING THE PPS EVERY MOMENT OF THE LAST FIVE YEARS! ITS A CONSPIRACY, TELL THE PRESS!!!
"Anyway it seems that we are just a pen stroke away at this point"
When has it NOT seemed that way?
Wow, massive sell to drop the pps back down
I do not have an explanation, but more importantly please let me assure you this -
NEITHER DOES ANYONE ELSE!!
I say this with certainty, and admittedly some anger, as I think about all the people on this board who would (and may soon still) jump at the opportunity to publicly paint a rosy picture about that sudden and significant price drop, when in fact they are blowing smoke. I know they're blowing smoke from history. Here's how it goes-
....
Price pops at end of day, everyone says something great is happening tomorrow. Oddly however, even if the drastic pps movement is downward, you will soon still read from one or more- usually many posters, how the pps drop is a good sign also. Everything is a good sign all of the time. That my amigo is a sign of lack of concern for knowledge over hype, a lack of concern for accuracy, and a lack of dignity, and it is rampant.
Trust no one who has too many positive answers, nor anyone who celebrates loss either.
Good luck, we will see what Tuesday holds.