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Aye matey...Therefore-to do we concurreth a buy on WAMUQ today, lest you wish to call upon Parle??
In it till the end. EOM
Uh oh...how do I cancel a post?
Guys next time wear a little stickie with your first name and "IHUB" on it written in black thick sharpie, duh!! LOL, thanks for your effort and cooperation! EOM
It's like a constipated turd. Just give it some Maalox and time and I'll come right out. EOM
I'm waiting for it to go down a little more before taking another bite. You don't think it'll go a bit lower, say 0.105 'ish?
Ok, ok, I missed that.
Then I stand corrected. EOM
Surprised!!? I'm surprised we're still above 0.09 after Rosenvomit's banter about commons not receiving anything today.
Saweet! That was easy, thanks Muntz.
How do you use selective ignore on this site? I don't know how to do it.
And YET despite that, notice the bottom limit bounce at $0.11...hmmm, not too shabby for a stock that will be WIPED out! LOL...clear evidence that Rosen's antics are no longer working.
GO WAMUU!!!!
Woot, woot!! A$$ess will soon be lit on fia'. Can't wait till tomorrow!
Johnny, some not so technical questions here (shouldn't be too hard to answer):
1) Where you been all this time and why you just show up all of a sudden after having gone "POOF"? I mean, just what the heck have you been doing?
2) Also, are you a current shareholder of WAMU?
*If you are, why don't you just sell your shares before this 'tanks' and leave?
*If you're not a current shareholder, why are you here wasting your time? I don't get it.
I have to read your useless, illogical woman-like, mostly non-factual asinine negative puffery just to see how other current fellow WAMU holders are responding and I'm fed up.
I'm sick of you wasting my time man.
Now, that doesn't mean you should stop! I just wanna vent that's all. I will keep reading your messages (I don't have a choice).
Just wanted you to know :)
EOM
The only way I see this coming to a resolution (and why the judge hasn't unleashed her wrath against Rosen yet, and why pre/post seizure share ownership will not matter in the end) is because she wants a settlement. It is the only way she'll be off the hook and prevent another 'depression'. Which is why she will accept the objection to the POS POR, after which JPM will swiftly settle just like they did with Bear Stearns. Settlement is the only answer to all our problems. AIMHO. EOM.
You know that POS POR that Hosen wants to file where Common shares would get wiped out?? Well, I never heard any ranting and raving from the great judge about 'how dare Rosen be unfair towards pre seizure share holders'. Can you explain that??? Help me out here.
Real, I'm an airplane aficionado. Do you have a couple of the ser#'s for the WAMU jets?
Thanks again Ilene!! EOM
CNBC reporting there may have been a glitch when the Dow Jones dropped to near -1000 pts. They're saying some unfathomable stock trades happened, such as ACN which dropped from 40 to 1 penney before going back up to $40. Same thing with Procter & Gamble stock and most other stocks across the board. Some are claiming a trader pressed "B" for Billion instead of "M" for million at a trading institution.
All the while protests in Greece are continuing over the passing of the austerity plan to deal with Greece's debt and will reportedly continue tomorrow which shakes confidence and drops the dow and drags are WAMUQ down with it (though only slightly compared to the Dow fiasco).
What a day! EOM
Ok, so whatta ya think? What's REALLY going on? Is Goldman Sachs being used as the scapegoat for the housing collapse to take the fall for JPMorgan's takeover of WAMU? To make JPMorgan the 'saviour' when they pay up and bring back WAMU from the brink when they settle???
Whoa, did anyone else notice Senator Colburn's Freudian slip? He mumbled "...for JP..er for Goldman Sachs.." while asking a question to Birnbaum at 2:03 PM Central....
Anybody else? Please somebody else tell me they noticed it!!
Trailblazin is right, so there's nothing to worry about...if the info Rosen poses would truly be able to support the current POS POR it would have been dutifully handed over already and cased closed - WAMU goes to JPMorgan because it was insolvent.
HOWEVER (and I have asked this already on this board) because it is not immediately apparent which assets were the 'bad' ones in the mix during the WAMU seizure, it may not be straightforward being able to ascertain the true valuation of WAMU. Despite that, Rosen's demeanor during last hearing CLEARLY demonstrates he is disgruntled because he knows that there is a good possibility now that:
1) Susman WILL succeed in canceling the POS POR
2) Rosen will have to 'cough up' the data required to allow Solomon to perform the independent valuation of WAMU.
3) Solomon will determine the good assets in the mix FAR outweighed 'bad' ones (which almost all of us here already agree with unofficially).
4) JPIG will be made to PAY and WAMU will squeeze all the milks out of 'em.
GO WAMU!!
Hellzz to tha yea!!!
Hah, you and me both man. SAME thing happened to me...first time mistake. In fact, I had told a buddy of mine that the MM's would shake the tree right before it happened on 3/12, but for some reason beyond my comprehension I believed him when he panic called me and said everything was going south (which it was).
I SOLD everything RIGHT at the bottom (think it was like $0.09...ouch!). Lost almost all of my entire initial position and had to start from scratch. Lesson learned.
Now with better DD knowledge under my belt, with the knowledge from this great board and based on todays events I'm finally looking to go all in, but this time diversifying to ensure that there is some chance I can at least a recovery of my initial capital investment.
This is life. You live and you learn. If at first you don't succeed get the hell up and try, try, try again!
GO WAMUUU!!!
Thanks for your opinion Rezkull.
LOL, right, you should see MY guestimates! Goooood, gooooooooood!
Can any of you big boys (or anyone else for that matter) provide some assistance with the below real quick?? Based on the latest event's I'm trying to perform a quick feasibility matrix to see what instrument is worth throwing how much more powder to assure recovery of original capital investment plus any additional return (I currently only own Commons):
1. WAMUQ
2. WAMPK
3. WAMKQ
For each of the above:
A. Probability of settlement payout (0%, 25%, 50%, 75%, 100% etc)
B. ESTIMATED settlement payment price
(This is NOT scientific poll! LOL, and all in your humble opinion of course, TIA!)
No kidding. In fact, from now on my answer to any WAMU case question can be rebutted starting with "Susman..." hehe. Even if I don't know what the heck I might be talking about!!!
I agree, pre-seizure share owner(s) (owning preferred or commons, or both) should be present. It is a MUST. We toiled to get our chance to have our voices heard and I'll be damned if that doesn't include a pre-seizure owner. We're in here because we want to capitalize on our investment but we also want to see those who lost theirs recoup it and possibly then some to help get their lives back together. Only then will I feel good and clean deep down inside. I'm also in favor of Fshon, Diamond. If we have to vote on it I'll vote. I'm no vulture...IMO.
Give it some more time...the hearing only just got finished. Wait till the media (hopefully) gets a whiff of this. Who knows how many more investors from pre 3/12/10 hearing will be swayed back in to re buy IMO.
GO VOODOO birthday!!! GO EC!!! And holy cow, GOOOO SUSMAN!!!
Happy Birthday Voodoo!!! You got your wish: look at the PPS skyrocket!!!!!! WOOOOOOO!!!! GOOOOO WAMUUU!!!!!!
Wohoooo!!! SUSMAN is in the hearing!!!!!! GO WAMU!!!!
That makes two of us WAMU brother!
Strike, here's a more plausible answer in the heading of this article I found about Susman: "Susman Godfrey likes placing BIG BETS almost as much as it likes taking in the big fees."
http://www.susmangodfrey.com/default/Attorney%20Articles/TopLitigationBoutiques_RiskyBusiness.pdf
Well, just based on Susman's profile I can already imagine what probably happened, EC was prob thinking "Hmm, what can we do to scare the living day lights out of these JPIGs and have them on bended knee before our feet??? Oh yeah! Let's bring in the blood hound (Susman)....here you go boy take whiff of this (smells some documents)...Now go sniff it out and see how much you can fetch for us.". Hell for all we know, Susman may have smelled a rotten corpse and volunteered himself in because it was just too good to pass up! IMO
Well with his batting average and reputation, they may just have to walk him and give up the automatic run instead of risking the grand slam homer is what I'm thinking will happen!
Well then, I guess all that stuff about catching up won't be an issue here with Susman!! IMO
Keys To Susman's Success: Colleagues say Susman can digest mountains of information with unbelievable speed.
Read more: http://www.businessinsider.com/10-lawyers-you-dont-want-to-see-across-the-aisle-2010-1#steve-susman-8#ixzz0lfYqe6Ba
Nice thoughts, but what makes you so sure the stock won't be halted right after Solomon releases the valuation numbers (if the numbers come out in our favor)???
OH well we get the point, thanks at any rate.
Agreed!
Do you remember what the post number?