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After lunch.
The big boys who bought yesterday are not selling. They know this is heading North.
I was expecting a drop to .08, and close at .10, if it does better than that I will be very happy.
If it doesn't pass, this country is doomed. I don't think you realize that when people credit cards, debit cards, etc stop working and they don't get paychecks we are going to burn like Rome did.
A passing vote could bump this to .25
Like I said, the market is down 200+ points today. People are nervous about the vote tomorrow. If these Reps don't pass it our entire economy could collapse next week. Then we go lynch the 'no' voters and hang them on the White House lawn!
I think the House Bailout vote will be key to this stock.
We've based nicely at .115 - .12, launch North from here soon.
The whole market is down today, it's getting set up for a big push up tomorrow if the House passes the bill.
What they mean JJ, is that it won't trade on NYSE again. "Worthless" means under $2, on the pinks. They mean shareholders over $5 will not get there money back. Worthless in reference to big boards is different than worthless to what we are used to (.0001)
She's heading north again, today was a gift!
When they say 'worthless' they mean it won't see the NYSE at $30, WAMUQ could still run to $1.
Yeah we knew this, lol. When they say no recovery they mean to become a NYSE stock trading at $30.
She isn't falling, she's basing for the next run. 30 mins of trading we're still at .12. That is GOOD
All stocks are down today.
Someone got lucky .003's thanks to the fool who sold at market this morning
No way the big buyers got out on this. Just a shake to get more shares before the bigger runs
Can't go up everyday, relax just profit taking....
Let em reload
Relax, it's a minor sell the news...the bigger game is yet to come.
We'll see new highs today imo
This is the dip, get some here!
Just some minor profit taking, although I would wait for at least 20 cents
Big sells to start off the day. Sheesh.
Shares are tight here.
A slow rise to 20 cents is what we want today
WAMUQ, get in before $1!
And tell her to buy shares of WAMUQ tomorrow !
Good news on the bailout boys, let's see a George Washington tommorrow.
It will pass in the House.
They have to grease each others wheels.
Thank God.
They haven't even started yet, lol
These Senators are a cocky bunch, less talk - more voting!
Thank you - Great DD. This WAMUQ holding company has some decent assets.
Good post,we do have a nice 'event' with the bailout to propel this in the short term.
The stock is going north because major buyers and big money believes that after you take out the 8 billion in debt you will have 24 billion, a large part of which is in this stock when it was much higher.
So WAMUQ may end up having 3, 4 Billion left when all is said and done.
With a 1.7 OS that values the holding company at $2 - $3 per share.
When the holding company state there won't be a recovery they mean back to the NYSE listing requirements which is $4+ per share I believe.
We don't know. They claim 32 billion in assets, and 8 billion debt. Now according to this some of the assets are in the stock:
"Wednesday, October 1, 2008
WaMu’s assets could be worth less than originally disclosed
East Bay Business Times - by Kirsten Grind
The $32.9 billion in total assets Washington Mutual Inc. listed in its Chapter 11 bankruptcy filing could be much lower than originally disclosed because at least part of the assets are company stock that is now worth next to nothing."
Uh yea... we knew this already. Lets say they had 20 billion in stock. After paying off debts that leaves 4 billion in the coffers.
4 B / 1.7 OS = $2.35
Even if they only have 2 B left we're at $1.20 here...
When they say things like “it does not anticipate that there will be any recovery to the company for the common stock interest.” What they mean is that you won't see the $36 high here ever ever.
They consider a stock recovery to be over $5 to meet NYSE listing requirements.
And who knows what the bailout could help with?
1 hour
Bailout passes the Senate, and pre-market will be nuts.