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WAMUQ at .045, will run like LEHMQ did!
Your risk here is .04, .05 lol. Your reward? Who knows? .10? .25?
What does it matter, .04 or .05, if she runs to .25
We may dip a little here, but we will run hard once this bailout gets settled.
Then he needs to buy out all the shareholders.
I would say .10 to .25 over the next few weeks.
If it didn't crash when the DOW was down 650 points, it won't. Bailout will pass soon, and we could see .25 by EOW
In @ .05 as I called earlier today. :)
BAILOUT FAILED !
Getting ready to buy.
.05 will be broken boys, historic chance to get rock bottom prices.
If it doesn't pass market will crash to 8000
You may be right. Still watching for a .05 break.
Or hell wait for .04, lol
It's worth grabbing 100K shares at this level imo.
Not there yet, lol
Waiting for .05
LEH bounced to .40 , can we?
So we could still see .05
Do we see it hitting .25?
Where do we see it by week's end?
But if we are RIGHT about the endgame, we win. And the endgame is all that matters here.
SPEA traded at .007 one day, the next was 10 cents, the next was $8, within a few months it was $30....
Not saying that kind of move will happen here, but if there is a RM and a revaluation then whether it's at .002, .005, .0001 won't really matter.
Why do you think the mods don't bother posting here anymore (except SP)? They are confident and don't care what the BLDV.PK pps is.
Harley, it's the endgame (or the beginning depending on your point of view) that matters here. Not the day to day pps.
JQM could have easily put out monthly fluff PR's that were forward looking statements and perfectly legal to keep the pps buoyed. But he doesn't care either. The same way the SPEA folks didn't care when their pps was trading under a penny for months. Because they knew the final outcome.
Do you? Are you SURE?
I'm still waiting for .05, 500K share buy.
I really hope you are right!!! Imagine buying 1 million SPEA at .005 a few weeks before the RM that eventually got it to $30?
WOWZA !
I hope we do I'll buy 5 million, lol!
So much for that. Unreal how they walk her down on minuscule volume. Walk it right into my .001 buy boys!
I would wait for .05
I think I will.
Where is Clayton with a PR?
WB bit the dust! Who is next?
Do our WM shares convert to the new ticker on the pinks?
Assets of 32B, debt of 8B = 16B. SO why the F are we under $1?
WaMu holding company claims assets of $32B and debts of $8B
Puget Sound Business Journal (Seattle)
Washington Mutual Inc. disclosed debts of $8.1 billion and assets of $32.8 billion in documents filed late Sept. 26 with the U.S. Bankruptcy Court in Delaware.
The Washington Mutual holding company (NYSE: WM), along with its affiliate WMI Investment Corp., voluntarily filed for Chapter 11 bankruptcy protection, court records show.
The federal Office of Thrift Supervision on Sept. 25 put Washington Mutual Bank into receivership after depositors withdrew $16.7 billion in eight days, plunging the 119-year-old savings and loan into a liquidity crisis, the regulatory agency said in a statement. It was the largest bank failure in U.S. history.
JPMorgan Chase & Co. acquired Washington Mutual’s banking operations and loan portfolio for $1.9 billion in an auction conducted by the Federal Deposit Insurance Corporation, leaving WaMu’s holding company and its affiliate to chart their own course.
More than 500 entities hold either unsecured or unsecured subordinated debt in the holding company and its affiliate, court documents show. The Bank of New York is trustee for the holders of the 20 largest unsecured claims.
The bank also hired three East Coast law firms to handle its Chapter 11 case. The firms are: Weil, Gotshal & Manges LLP of New York; Richards, Layton & Finger PA of Wilmington, Del.; and Simpson Thacher & Bartlett LLP of New York.
Good points.
The reason for the lack of performance is because there was not an official PR, it was only on the website. If Bloomberg recognizes this then things will change.
Yep.
Schwab never restricts, but they only let you buy up to 999,999 shares per trade.
Washington Slumloans, lol
I figured there would be a bounce from .05 - .10, I didn't think it could see a $1 again, but who the hell knows!!!
This could bounce between .05 and $1 for months. A lot of opportunity!