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Same here! How is it trading though? My Ameritrade still won't let me sell any pre-market as I did a test.
Very nice to see and goes along way to confirm what I had been saying....that the seizure didn't take their shareholder equity on their balance sheet.
How is WAMUQ trading in pre-market???
How is it being traded pre-market Mikey? Is it a glitch in the system?
And I wouldnt be surprised if the holding company also got to keep the credit card business!
CORVETTE!
Good morning. What the heck is WAHCU??? I know it's Washington Mutual but what part? I see it took everyone by surprise yesterday! A couple of folks seemed to have noticed it friday but were unable to get any real # of shares at the very low prices.
lol! I was already to buy another $1000 at .025 in my Ameritrade account but I couldn't do it. It was literally going down into closing and I just didn't feel good about buying it while it was still falling. Although I bought quite a few at .038 around 3 b/c I saw the bid going back up...but I was thrown off...it went right back on down after I bought. But that threw everyone off...not just me. Hell, even salt shaker was posting around images of trailers saying he was losing his azzzz after his .062 average!...lol
Very sweet!
lol...that sounds like a chapter in my book!..lol
Were you in that one MT? I wasn't unfortunately.
lol...what a joke.
I don't think they really understand/have a clue as to how bad they hurt the market/scared traders by simply seizing WM and eliminating it's equity. Many, many folks and institutions who held a viable and valuable piece of an outstanding company got burned. This wasn't an Enron. And then they threaten the same on Wachovia??? Please! Is any company safe now? Does owning a stock mean anything anymore???
Plenty...if you select Option C...the extra passenger seating option.
http://www.pantherhouse.com/newshelton/wp-content/uploads/limo_corvette.jpg
WHY IN THE HELL DID THE FED NOT DO THIS FOR WM???????
"Fed makes billions available to battle crisis"
http://news.yahoo.com/s/ap/20080929/ap_on_bi_ge/fed_credit_crisis
Had they lent WM cash to be able to handle the deposit withdrawal they would have not had any problems operating. They were making money forpetesake!
Dang it! I was so close. Your the pro...and so I guestimated you at .035!...lol
I almost pulled the plug on some .025's at end of day but thought I better wait til opening tomorrow.
lol...well thanks Edward! However, a Corvette can run much quicker and faster than the Rolls! ;-P
Thanks Mikey. That was my plan anyway. I got in pre-market Friday at an average of .135 and then loaded some more today to get it down to .075. I plan to load up some more tomorrow once the PPS settles up a bit. Where'd you happen to get in?
Best of luck to you and all the other WAMUQ holders. No doubt it will be up from here!
CORVETTE!
yep...most likely. Everyone today, even those that know better, were freaking out about the heavy selling but 1) institutions and others were unloading and 2) I hear some brokers had restricted trades on the stock and let those restrictions go throughou the day. Purportedly Scottrade just allowed its account holders to trade in it around 3:00 PM!
Yeah, very sad indeed.
Well did you get any WAMUQ near the close? It got as low as .02! I started to grab some more but my .076 average isn't too bad.
10-4! I think WAMUQ will be the biggest 'worthless' stock of them all.
150K shares!...nice position!
lol...worthless pt. 4??? What were the others?
Hopefully you were able to get those shares a tad below $1 PPS each! hahaha
Dang...that will no doubt be another blow to a lot of financial stocks/the whole market in general. I had also forgotten that the short ban was just a short 2 week one. We both know what happened back in July to the financial stocks once the last short ban was lifted.
And that's not a record to be proud of. We will never see a 1 day gain that big.
And I don't think the downturn is near from being over either.
The biggest drop ever! Even bigger than the drop the market had the very first trading day after 9/11/01!
sheesh!
Brutal day today MT. Hope tomorrow is better for everyone.
10-4! It will start heading right back up as soon as all the brokerages have finally lifted restrictions and allowed their account holders to sell their WM shares if they wanted too. Scottrade just finally let their folks sell them close to the end of day I heard.
More and more accounts becoming free to sell their WM shares during the day like Scottrade is why I think the selloff continued throughout the day. As soon as those who want to unload do I think this is going to bounce hard!
WAMUQ to da moonnnnnn! Apollo Style!
CORVETTE!
LMAO!!!
yeah, I guess I would settle for .62 a share of WAMUQ but only if I was forced to! ahhhhhh....hahahahaha
I believe so brother. Just bought some more at .038!
CORVETTE!
Me too at .038! Go WAMUQ!!!!!!!
Well it stopped and rebounded from the .032. It's now back over .04 again.
Got another 20,000 shares of WAMUQ at .038. Had to keep increasing my bid from .033 to .038 though.
Well that lowers my overall average! Nothing like throwing good money at bad. lol
Told ya it wasn't done falling yet. WAMUQ now .0325 bid!
Yep, I definitely agree.
10-4. I didn't think of that, but that's exactly right. Very good call.
You too Huh? Yeah, I didn't have the cajones to hold it either. I sold most Friday once it hit $2 again and sold the rest during the pre-market this morning for $2.30. I can't complain and you neither! ;-0
I'm lurking and waiting for the next opportunity. However, I'm going to wait for it to come to me. The market is way too risky to chase.
Just announced all over Yahoo/CNBC...the BAIL out plan was THROW out by the House of Reps!....lol
I don't know...the floor hasn't really set in yet. If I knew .04 would hold I'd probably throw another $1500 at it. Contemplating...
CORVETTE!
I'm back for a while. Wow...it's a nasty trading day.
I see that WM is now WAMUQ and has fallen like a knife. Dang it!..lol I thought .13 was a good entry. Well, I'll hold for the inevitable bounce. I could add a good deal enough more to lower my PPS but I think I'll leave it be and play something safer.
CORVETTE!
I agree....I believe that most have forgotten about the credit card company and do not realize how much it is worth. There has been no mention of CC's in the PR's too my knowledge.
lol!! Normally this would not be a problem b/c I of course have an internet phone where I can buy and sell from my accounts. HOWEVER, I of course just broke that phone and haven't been too on the ball about getting it replaced. I'm calling Sprint today however. I can't live without that phone!