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I invested becaue Carl Icahn has his money in this and has really funded this baby for next 12 months, no debt at all here. New drugs on horizon, no where to go but UP from here, been in since .145, not long ago either. GLTA here. Go where the money goes, and it is here folks.
Running about equal buys and sells so far today 19 million sells versus 20 million buys rough numbers. GLTA.
JPM posted a 12.7 Billion dollar a 53% increase in the second quarter of 2009 due to all those BAD LOANS WAMU had in their portfolio. WOW such bad loans being paid back to JPM they made 10 times the money they paid for WAMU in whole just in these alone. Does no one Judge see this as a really curious situation (rape) here other than us common sensers. C'mon Judge get you're heads out of your azzes.
Had 1,000 shares back in May 2009 cost was $675.00. Sold all when it got to $2.10 and $2.20. Merry Christmas all whom held to now, can you imagine making $12K on a $675.00 investment in 8 months. WOW, GLTA.
: Dimon, Blankfein, Mack to Testify to Crisis Panel
http://www.bloomberg.com/apps/news?pid=20601087&sid=aR02WG2lDCLc&pos=5#
By Lorraine Woellert
Dec. 23 (Bloomberg) -- Jamie Dimon, chief executive officer of JPMorgan Chase & Co., will be among the first witnesses to testify before a commission investigating last year’s financial collapse.
Goldman Sachs Group Inc. Chairman and CEO Lloyd Blankfein and Morgan Stanley Chairman and CEO John Mack also have agreed to testify at next month’s inaugural hearing of the Financial Crisis Inquiry Commission, said Chairman Phil Angelides.
Bank of America Corp.’s new CEO, Brian Moynihan, has been invited and is expected to appear as well, Angelides said.
“We have requested the appearance of key leaders who have been involved in the financial crisis,” Angelides said in a telephone interview. “There’s no question that these institutions were at the center of this storm, not to make any prejudgments about their role in it.”
Commission Vice Chairman Bill Thomas, who also was on the phone call, said the witnesses will be followed by testimony from academics and others over the course of the two-day hearing.
“It hard to say where you should begin,” Thomas said. The witness list “was appropriate to set the tone and the direction, but we aren’t just bringing people in to give their story and leave.”
Hearing Jan. 13-14
The commission was created by Congress to examine the causes of a collapse that roiled global markets and led to a $700 billion U.S. government bailout of the nation’s banks. The panel will question the executives at the hearing, to be held in Washington Jan. 13 and 14.
Bank of America spokesman Lawrence Di Rita said in an e- mail that the company is in a transition period and looks forward to working with the commission. Bank of America this month announced that Moynihan would take the company reins as of Jan. 1, replacing Chief Executive Officer Kenneth Lewis, who will retire Dec. 31.
Goldman and Morgan Stanley officials didn’t return calls requesting comment.
The crisis panel will hear from “hundreds” of witnesses over the next year, Angelides said. “We’ll be calling private- and public-sector folks who over the course of the last two years have been involved in the center of this crisis,” he said.
$8 Million Budget
The 10-member commission, led by Angelides, a Democrat and former California treasurer, and Thomas, a Republican and former U.S. House member from California, is armed with an $8 million budget and subpoena power. It plans hearings until September and a report by next December.
Congress created the panel to examine the causes of the financial implosion, including the role of regulators and corporations. The group will examine subprime lending, credit- rating companies, executive pay and other activities, Angelides said. The Obama administration has directed regulators to cooperate with its requests for information.
The goal is to review the public record of events that led to the failure of Lehman Brothers Holdings Inc. in 2008 and helped trigger the collapse.
To contact the reporter on this story: Lorraine Woellert in Washington at lwoellert@bloomberg.net.
Last Updated: December 23, 2009 17:18 EST
Thank you all for you're responses to my question on TARP funds to WAMU not being made available to them prior so JPM could rape us investors here. TARP made available 3 to 4 days after our takeover/rape. Nice touch FDIC I wonder if the Judge took this into her consideration at all or did they even present this type of fact to her?
I understand but did not TARP come out within two weeks or so of this closure/takeover of WAMU?
Can you show some further proof of your statement here? In reading it seems to make sense but I have not really heard of such a claim as this for medicine that people take even if it is not the impact component but perhaps the delivery system itself we are speaking to here?
Can anyone or has anyone tried to find out why WAMU was not a bank that was made eligible for or offered TARP funds like all the others were afforded? I don't understand why the gift of WAMU just had to be given or turned over to JPM so quickly. I have read and heard the whole story but cannot understand this one thing. Why were they forced into failure without the offer of TARP. Can anyone respond to this or do you know this answer. Unless I missed it somewhere I am at a loss on this subject.
Sorry for my last attempt at this link folks.
http://www.reuters.com/article/idUSN2125541620091221
Here she is, wonder why the amount is this value???
Sorry if been posted here already.
http://www.reuters.com/article/idUSN2125...
Anyone seen this funny the amount hey!!!!! Wat doo it meen?
Stay tuned is should become their promo.
Does anyone know the true value of PPS based on European operations only? Is what we see here daily based on the income and value of their on going overseas operations? If not then where is that PPS and symbol located? Been here since .04 pps so I would like to try to understand that the pps I am following here is based on just American operations and this firms bankrupcy or the company as a whole worldwide value? Thank you.
The whole situation is such a totaly ruse. Why did the government not take steps to bail out WAMU as they did so many other banks with assets? Why did they institute TARP monies only after they gave the WAMU present to JPM? There is a conspiracy here to allow JPM to own WAMU, plain and simple, no other explanation is even possible here. If I were WAMU I would be fighting that battle as to why they were DISCRIMINATED against receiing TARP funds like all the others. I'll tell you why they were not. They are set up in the State of Washington and not in the DC or NYC loop with the other fat cats and they were bigger than anyone expected them to ever get in doing so, so they took them out. It is simple as the nose on all you're faces. Go WAMU get all you deserve and if you fail in this lawsuit file another one claiming total DISCRIMINATION in the banking industry against the FED.
This has grown over the last month it had only three major institutions when I looked back then I think it was Fidelity or Vanguard then. WOW is right on.
Low volume is amount of sales allowed, any turned in were immediately traded back out rehashing same phantom shares in my mind as they are short over 13 billion or whatever the crazy number is now.
They are supposed to because for one it's THEIR JOB to do so. Or perhaps they are like the rest of the country and just go through the motions of actually working at their jobs, no wonder we are in such crapola.
Volume would be ten times this if people could buy from their brokers, talk about SEC violations going on here. Where the heck is the SEC the great and powerful watch dog for the small investors getting had.
The SEC needs to investigate this big time on the MM side of the hours screwing the small time investors here big time. What a world we live in.
You are correct but in affect if the numbers that have been shown on this board to be 13.6 billion shares short that is some kind of mistake or HUGE short position to have to cover in three days when these O/S shares are not even out there to begin with. So I don't know the real short position but if it is anywhere close to this 13 billion number, hold on tight to all your shares.
Very true rysky007, good information abounds about facts when you need to find something out for real. Most folks do no research whatsoever. Folks it is you're money invested here so you should find out the ins and outs of trading a security such as this one.
Many things can be occurring here with this stock and we all can only surmise what they all are. Pink Sheets equals High Risk, but High Rewards, more millionaires in the 1990's era were made in Penny Stocks than any other investments. They had to set up special psychologists to deal with people whom ended up with millions of dollars who were prior to that very poor. A friend of mine came to me one day and told me this story. "My father and I were going to invest in a new company as it was trading at .02 cents per share, but we did not go in because it jumped up to .05 cents in one day". The stock he told me they did not invest in was Yahoo. So anything can happen.
Link SEC Naked Short Selling for all you're use. Education is a wonderful thing. Do you think Section D applies here???
http://www.sec.gov/spotlight/keyregshoissues.htm
Here is one more link to view, sorry if these have been all posted before, just remdinding folks why we are all here.
http://www.npr.org/templates/story/story.php?storyId=113943695
Another one of interest.
http://www.nytimes.com/2009/03/19/us/19holder.html
Not sure anyone posted this link before on this thread.
http://norml.org/index.cfm?Group_ID=3391
Did anyone here report the trading activity on this stock to the SEC at all? Not that they do anything at all to protect us folks but just saying.
They have already traded over 7 billion the last two weeks so you should have started counting then.
If you don't put in a sell order then the MM's will use those shares to trade with in the market, you have to tie them up in a sell position so they will not be able to use them to buy and sell.
The only thing I can think of is that these brokers have shares to be able to trade to the buyers right now as they have purchsed them themselves for this purpose. Not sure why though.
All I know folks if there were plenty of shares to trade then why halt anything here? Anyone answer that one. It tells me that your broker cannot assure they can get your shares as is law in three days time frame. Not available. Simply put what does that tell you all, NO SHARES OUT THERE UNLESS YOU SELL YOURS CHEAPLY TO THEM. End of story, hold long and strong sell high when you cannot buy more.
There is good reason to place your sell orders at $1.00 if your brokerage firm allows you to do so. If the MM's need shares and most of the shares are in our hands now and we set our sells at $1.00 pps and the MM's need to buy shares to cover their over shorted position they need to buy your shares at $1.00, and it is that simple. when they have no shares but need to show they own them, but cannot they have to pay whatever we are selling them at. In other words we set the price they will pay when they are short. Someone please correct me if I am wrong here. Riding free shares now so I really don't care how rich I become but will be very happy if these numbers hold up and we hold strong on our sell prices.
13.6 Billion shares have been sold but only 200 million really exist is the point, which means someone has to come up with the shares, which they cannot or the price has to go to the moon. These are the options. The company could do something else but i don't think they are driving that bus. MM's cannot trade shares any further because they have exhausted it by over 10 times that is what the 10X means. So when shares are bought to the tune of 13.6 Billion when only 200 million are available the price can only go one way.
I think it takes a few days before they really know or realize how deep short they all are, that I think may be the issue, it's overdone and they have to do something like halt it because they have no other options, can't buy more, none to buy.
And Rolling Stone. eom.
Let's see money buys power and JPM has the money, so if I'm a judge no matter how strong JPM can influence folks in ways most of us cannot even think of. Why the delay here when we all know what the facts are and so does this Judge, so what is holding things up here? Can you say Payoff.
You are wrong, I am making a simple observation to people who want to be informed about their investments here or anywhere. Be it as it may you have been informed. Glad I could help. No doubt in my mind, moving nicely here. GLTA
Unlike HESG this one has had a 1:200 reverse split in it's history, not the same kind of investment, do it once, do it twice. Be Cautious.
.80 now sad falling. WTF
Good job, I am so tired of owning something beyond where I think it will go that it is nice once in awhile to own some free shares of something at least. Lost a ton back in 2000 now going to get my dues paid back I hope. GLTA
Patience all been here a long time, gonna be good someday, wait this is not the drive through.