Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
As soon as Bernanke shuts his worthless trap we'll go back up.
Not a chance
Dow actually moving back up as Bernanke speaks, truly a shocker
Just retail running scared
This bodes well for a BK court decision in our favor. JPM may have to do something here to clean up it's image as a bunch of heartless thieves.
He said that so he can then buy up all the cheap shares, Cramer is nothing more than a manipulative court jester
Dow is trying to recover.
That is the crux, they could announce in 10 mins or 3 days that WAMUQ holding gets the 5 Billion. In minutes this would run to .20, .25 if not higher. You won't be able to get back in...
I think that is why the Big Buyers are still holding from .15+
Still there are Big Buys today, even with this mess.
Dow now down 200 points again, financials down. That is why we're at 11 cents.
The whole market just sucks this week, until the Dow turns around or there is news here I think we could range between .10 - .14
They are hitting the .115's
Dow is red again, same with financials. Not much we can do here except grab cheap shares, and wait for BK court news.
Sub-penny by Friday here. It's over.
Dow is red again.
Someone is loading up BIG TIME on 13's
She's heading North boys
The only ones who can short penny stocks are offshore brokers and MM's. However, they won't mess with something like this that has the potential to explode in a day or two.
We on IHub are pretty familiar with the bashers that work for those groups, haven't seen any of them here.
They target easier prey....
Well, I think that would be a very very long process, 6 months - 1 year. If they came out of BK with significant assets they would trade on the Pinks for awhile, but at a much higher pps.
There are a lot of requirements they would have to meet to get back to NYSE. Let's focus on the next week or so until 10/15 here and see what happens.
That is a myth, the shares would just covert symbols again.
That would be best for everyone. But if it is only valued at $3 or so, it won't meet the requirements. And they are significant.
It depends on the new valuation. If it meets the requirements to uplist back to the NYSE, it could convert back to WM. If it doesn't, it could continue to trade on the pinks under WAMUQ. Or it could go to a different exchange, Nasdaq, OTCBB and change symbols again.
We'll see!
Fuld should be sent to jail, and his assets stripped and redistributed to employees and shareholders.
Absolutely, if they bought 500 million shares at .15 that's 75 million. Offer a buyout of WAMUQ shares at $2. Would cost them 2.4 Billion for the rest, but they would make 925 million or so on the ones bought here.
So they could avoid future litigation and keep the 5 billion in the bank for about 1.5 Billion...
Not a bad deal.
**Good/Interesting Post from Google Finance Board:
"Officially" (rumor circulating, meaning word on the street is) that
WAMUQ (Wamu common stock) is worth at least $4 - $6.50 a share, and
some are putting the value at $8 - $10 per share which to us seems
overly positive. But going throught the numbers in the last reports
and the bankruptcy filing, etc. and the potential possibility that JP
Morgan wants to avoid the very expensive legal rangling (including
major multi-billion class actions) for many years to come as the Wamu
shareholders have an excellent chance of prevailing, it is most likely
that JP Morgan will work out at deal for the remaining Washington
Mutual assets and pay off Wamu common shareholders for at least $4 a
share, but most likely up to $6.50 a share, ... anything above that
would be an extra bonus and is still possible, but realistically we're
looking at $6.50 max per common share. We must note that we have a
self-interest and are pursuing the case with vigor and we've bought
and continue to purchase as well trade daily millions and millions of
shares. You can see by the daily volume how many hedge funds and
private investors are of the same opinion and of course they are
speculating on the same numbers as they are getting hold of whatever
shares they can get a hold of. Sure, some are traders and when they
make 50 - 100% in a day on a $5 million investment, they'll take their
profits to play the game the next day again, ... who wouldn't.
But lets not forget that WAMUQ is not the typical pink sheet penny
stock and that it is not the typical bankruptcy, ... there are a lot
of things up in the air because of confusion and the legal aspect to
the FDIC seizure/theft of Wamu which most likely was unconstitutional
and then the $1.9 billion fee that JP Morgan paid to the FDIC and not
to the shareholders. So, there's much more than just hope and most
likely as the pros go through all the paperwork the WAMUQ share price
will appreciate during this time of uncertainty. In a sense and at
first glance, WAMUQ seems like a lottery tickert, but it's much more
than that, because also as explained in the above post, there are
substantial liquid assets (billions of dollars), and there are still
certain corporate entities Wamu holds (like exchange related firms as
well as insurance related entities that still make money) and which
were not sold to JP Morgan, ... so there's a lot going on, and I
wouldn't wonder at all if the stock jumps to at least $3 - $4 within
days and of course with a lot of volatility because of traders
securing their trading profits.
But look also at the daily volume and that's not typical for a stock
going to zero, ... there are frequently blocks of many millions of
shares that trade and no matter what nobody is crazy enough to throw
hundreds of thousands and even a million bucks in a gamble in a
worthless stock. It seems somebody, and most likely JP Morgan, is
acquiring a major position in the Wamu common as it's the cheapest way
for them to avoid major settlements once they own a major portion of
the float.
It's going Sub-penny now. You don't need a chart to tell you that!
They can get the help, there is 700 Billion out there now, lol.
Didn't Rick say Clayton doesn't care about the shareholders? That would explain the .015 pps.
AH is usually just trades settling from the day
If the Dow can get back on track, and we get a hint of good news from the BK hearings, we will fly here.
I think it was more so the general market today, it was awful. I mean 800 points? Ridiculous.
We're setting up for another run at .18
We could still fill the gap up to 1.78
Relax, we would have done very well today, but it was one of the worst market days ever. At one point the DOW was down 800 points.
Let me say that again: 800 POINTS.
Yet we held our ground, we are only 4 cents off the 18 cent high. We can blast through 18 cents on nothing on a a good green day.
Bigger things are coming here, patience Young Jedi.
That someone will be very happy when this is over $1 sheep.
Are you joking? Worst market day in years and we held ground and closed at .14
Sheepdog, you really need to reassess what POS means, lol.
Dilution and a 33% gain on a horrible market day? That makes no sense beachhomes.
NYSE, Nasdaq and AMEX stock are too risky, and very dangerous! Personally I stick with Pink Sheets, and Bankrupt companies like WAMUQ in this market, lol!!!
BLDV had a great day.
WAMUQ WAS STRONG AS AN OX TODAY