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Sorry about the delay.
There was some source code issue and they are rewriting some script. All requests were received, but confirmations just haven't gone out yet.
Problems like those are all part of the creation process and input/feedback is the name of the game.
It was probably to be expected by a lot of people. When people say this could drag on for 1- ? years, those people very well could be correct.
I know people don't like to hear it, but this will take a long time.
NP, it should be pretty sweet eventually. They have a lot of work to go, but they wanted to grant free lifetime premium memberships so people can register, post, and find problems/kinks and communicate them.
There was a glitch with a source code that wasn't sending out the confirmations. Should be fixed now, or soon. Let me know if you, or anyone else, don't get it tonight.
The $4B is the first step. It should help the waiting, but it's still a long road ahead.
Also, I think it is clear that Weil, Quinn, and the gang aren't f#cking around, and there is a good chance that there is no buyout negotiations with JPM underway.
It could be posturing by the WMI legal team to pressure a buyout, but I'm not so sure.
Atleast we have entertainment for a while.
Gonna go read that jury trial request doc.
Cheers!
"More delays. "
I agree.
MEMORANDUM OF LAW IN SUPPORT OF THE MOTION OF THE FEDERAL DEPOSIT INSURANCE CORPORATION, AS RECEIVER, TO STAY ADVERSARY PROCEEDINGS
http://wmish.com/doc/gov/0603/1/JPM_V_WMI_-_MEMO_IN_SUPPORT_OF_FDIC_MOTION_TO_STAY%5b1%5d.pdf
Just bought 1600 shares at 1.19 to take out that ask in AH.
Only 900 showed up on level 2 though.
Huh.
How low do you think it will go?
I'm guessing $4.24 .
How many preferred shares make up that $$ figure.
Look out below ?
Fun day is right. Now, let's see that nice gap up to open tomorrow.
Oke doke. Thanks for the info.
Cheers dumar!
Thanks for the chart. I think it could be sitting at $9 by Friday.
Yup. I'll take a day like today any day !
Cheers, and thanks for that awesome video chart you put together.
So is DRYS a buy right now?
What do you all think?
Guess not, but the HOD has come and gone imo.
Tomorrows pps prediction.
HOD = .0042
LOD = .0035
I'd rather see him sell all of his .0038s and then move his bid to .0038 than see a super fast run-up followed by a supertank.
Slow and steady is fine with me.
New low of the day coming up in about in about 15 minutes imo.
Those that sell of today for small profits will be gapped out of the action tomorrow imo.
I'm kind of glad I'm "trapped" . It is like a money money market.
Good to know.
I'm trapped right now in it.
DPTR - Could be a good time to buy.
2.12 x 2.13 .
Please. Just do yourselves a favor and don't hit the ask.
It will come down to you.
Once the buying dries up at .004, they will drop it down.
Follow the volume.
That what I like to see.
Exactly.
People are starting to dump into the bid of .004 and .0039, but it looks like it's holding strong.
I think they dropped the bid to .0039 because people are trying to sell at .0041 and .004. Classic MM games imo.
I'm ready for the next move up.
This is only the beginning of the run imo.
It is nice to see, but this is nothing compared to what's ahead for BZCN.
Slow and steady baby.
Doesn't look like there are too many people dumping at all, and there has been half of the total volume from yesterday in the first half hour of trading.
I think that was a good move.
It looks like it might pull back to .0036, but if it does, there are 4 MMs on the bid waiting for shares.
It's nice to see the overbids going on too.
The ask was just .0039 and 350k went through at .004.
I don't think there is an abundance of shares available at these prices, so the action might not move as quick as some stocks imo, but it seems to be movin' fast enough.
I'll wake you up when it hits 4 .
Cheers!
Who's ready to blow through some resistance points ?
BZCN Video Chart courtesy of Mr. Bigzzzz
http://www.screencast.com/users/MrBigzzz/folders/Default/media/b2654b9d-8b60-4cd3-b635-eed146d51b90
Looking good Billy Ray !
Buy the cheap stocks first, and then sell your old shares so you can still take the tax loss.
It's only a wash if you sell and then buy back cheaper within 30 days.
Also, you can sell and buy back cheaper as many times as you want, but if you don't wait the 30 days you just lose the tax loss .
Good question.
The company either had to do a reverse split to get the price high enough to make good on their Paradigm deal, or they had to authorize a ton of shares to give to Paradigm because the pps wasn't high enough to give them what they agreed upon. I think the F/S is just a mask to cover that issue and has been spun into a positive event that is supposed to take the place of the preferred dividend that they never delivered on.
I read through them, and I couldn't really find anything too juicy.
Looks like some tax-agreements/settlements in different states involving WMI and JPM, but nothing that indicates anything too positive imo.
We'll see what people find in the docs.
Cheers!
Top of the evenin' to you sir.
I will be loading up, and I will be selling on that news my friend.
It's gonna be an interesting summer, that's for sure.
Very nice.
Nice buys!
BZCN might be the next HUGE MOVER boys and girls.
I picked up a million shares at .003-.0031 yesterday, and word is getting around imo.
Might be worth a look.
Have a great night!
Send an e-mail asking if Jamie Dimon still rapes sheep .
Very good point.
I had no problem with hitting the ask, which is actually something that I rarely do.
The "economic crisis" is actually perfect for this company as there are tons of companies looking to liquidate their abundant excess inventory.
As long as too many people don't throw all of their shares into the bid once it starts moving, this thing should be movin' on up pretty good.
Yesterday I bought 400,000 shares at .0031 and then 600,000 shares at .003 , so I thought that was good.
It went down to .0026 today so I obviously could have got a little better price, but I was willing to put in 3 grand for a million shares.
I smell a run a comin' .
Because it was trading at 40 cents and once the NYSE starts enforcing their minimum pps requirements again, it will get bought up to a $2 + closing price.
fre.pr.v is the ticker that I bought today, but there are other freddie preferreds as well.