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I save my REAL discussions for IHUB !
: ^ )
Do you think there is a point when the MMs will not be able to keep this one down? They were working hard today.
It was really down to 2-3 of them that were just selling back and forth to each other.
We just need some trades at .50 to start hitting and we'll see this thing explode. If the MMs didn't know what they had before everybody started locking in 1077.50 asks on the PQs and $50 + on the KQs etc etc, they sure know now.
I think it is inevitable that WAMKQ breaks loose and hope that it happens before THANKSGIVING!
Thanks for posting that last chart!
I was watching the ACTION someplace else. GREAT DAY!
If those last 4 trades would have gone through it was .50 and beyond. Those jack#ss MMs were getting sloppy today. That 1 guy kept bumping up his own asks and sells against each other. CROOKS!
Hey profithunter35, if you could do me a favor and answer any of my following questions from my post #43638 on the WAMUQ board I would love to hear your answers:
Can somebody please check my math? These new holdings #s from http://www.mffais.com/wm.html
Are making me crazy. I keep taking the new holders total value and dividing that value by the total # of shares and keep coming up with $16.60 per share.
Now WTF are these people buying? New common stock??? Do you think that each current share is going to be assigned a value of 4.15 ? 8.30 ? 5 ? 10 ? and be part of an exchange for new stock/warrants, etc? Do you think the value of the new stock is going to be 16.60 or do you think it will be $20 and these “early investors” are getting a good deal, are these new buyers purchasing a new issuance of preferreds to raise immediate capital for WASHINGTON MUTAL so they can pay off SUE JPM without having to use any, or should I just contact WASHINGTON MUTUAL INVESTOR RELATIONS at : investors.wamu.com ?
I know I’m a crazy moron, but somebody please talk some sense into me. Thanks
Shaw D E And Co Inc
Institution 0.00 % 2008-11-24 160,952 $2,671,803 New Holding 160,952 100.00 % $0
Rochdale Investment Management Llc
Institution 5.72 % 2008-11-21 100,000 $1,660,000
Gamble Jones Morphy And Bent
Institution -0.44 % 2008-11-13 10,400 $172,640 New Holding 10,400 100.00 % $170,976
Artisan Partners Ltd Partnership
Institution -9.94 % 2008-11-13 372,800 $6,188,480
$16.60 ??????
Thanks!
I know it is!
I think it is a good sign though. I think new stock is inevitable and that is why you should not sell even after HUGE GAINS on the day. Either these stocks trade as is during and after the bk, or new stock will be issued. There is no benefit to selling. EVERYBODY is included in the PLAN, but the question is how many old shares are going to equal a new share?
Any helpful thoughts from anybody on the $16.60 pps would be very much appreciated!
POWER ETRADE PRO SHOWS LAST PRICE OF .041
Hopefully it was just SHORTS getting let off the hook before everything explodes. After today's action a GAP UP would make sense, but I fear the Monkeys are going to GAP it back down. We'll see.............
But why does all the pps ratios come out to 16.60 exactly?
Can somebody please check my math? These new holdings #s from http://www.mffais.com/wm.html
Are making me crazy. I keep taking the new holders total value and dividing that value by the total # of shares and keep coming up with $16.60 per share.
Now WTF are these people buying? New common stock??? Do you think that each current share is going to be assigned a value of 4.15 ? 8.30 ? 5 ? 10 ? and be part of an exchange for new stock/warrants, etc? Do you think the value of the new stock is going to be 16.60 or do you think it will be $20 and these “early investors” are getting a good deal, are these new buyers purchasing a new issuance of preferreds to raise immediate capital for WASHINGTON MUTAL so they can pay off SUE JPM without having to use any, or should I just contact WASHINGTON MUTUAL INVESTOR RELATIONS at : investors.wamu.com ?
I know I’m a crazy moron, but somebody please talk some sense into me. Thanks
Shaw D E And Co Inc
Institution 0.00 % 2008-11-24 160,952 $2,671,803 New Holding 160,952 100.00 % $0
Rochdale Investment Management Llc
Institution 5.72 % 2008-11-21 100,000 $1,660,000
Gamble Jones Morphy And Bent
Institution -0.44 % 2008-11-13 10,400 $172,640 New Holding 10,400 100.00 % $170,976
Artisan Partners Ltd Partnership
Institution -9.94 % 2008-11-13 372,800 $6,188,480
$16.60 ??????
Thanks Larry. I am hoping for a BUYOUT, but am planning on this taking atleast a couple of YEARS to play out.
I am just GLAD to be involved.
Your post exudes experience, I BELIEVE and TRUST you, and totally agree that the "important" people are battling it out over who gets what and how much, even though those same people might be in "parity". You and I both know that even if a label like "parity" or "equality" or "representation" is attached to something, it is merely a label , and no such parity actually exists. It's 1 at a time, and somebody has to go FIRST.
Best of Luck!!!
Wamook
Thank you for taking the time to share your thoughts. You're posts are concise, courteous, and include a direct line of thought that is often supported by visible reasoning, which is very MUCH APPRECIATED!
Thank you for your more-than-thoughtful consideration, and thank you to ALL of you that do the same!
If you continue to keep your TRUST in WASHINGTON MUTUAL ,
you will be GLAD you did!!!!!
: ^ )
Simple. Buyout happens before Christmas or WASHINGTON MUTUAL WILL EMERGE from Chapter 11, continue to build their BUSINESS, and it will be the beginning of what could likely end up being the beginning of the end for JPM and/or the FDIC (which I don't think is likely)
But I am only 30 years old and have never invested in my life before this situation happened, so maybe you should ask somebody with more wisdom and experience like HROLLER.
W T F ?
Agreed. Just wound a little tight lately. Spending all of my time keeping people committed.
I have read it. You should read that of the K-Series that was written first.
Just because such a thing as "parity" supposedly exists, doesn't
make it possible. It is just like saying everybody is EQUAL. That is
complete ridiculousness.
If a debtor owed creditor A $1,000 for the last 2 years and owed
creditor B $1,000 for the last 2 months. Even though they are owed
that same amount of money and could be in "parity", however, logic
tells me that creditor A would get paid before creditor B 99% of
the time, even though they are EQUAL.
That's what I think, but it doesn't matter what I think, what matters is what you think!!!
Sleep tight. There really is no "better " preferred. Both will get taken care of and both have their similarities and differences and EVERYONE is entitled to their opinion as to what those similarities and differences are.
There is a REASON why the WAMKQ DIVIDENDS accrue on
ETRADE's Portfolio Income Estimator and there is a REASON why their is no such estimated dividend for WAMPQ.
I know many others have as well, but I have DONE my homework.
Sitting around and agreeing with "the rest of us here" doesn't do anybody any GOOD.
I agree, it is irrelevant.
But, even though WAMKQ and WAMPQ stand in the same line, WAMKQ stands in front of WAMPQ in that line.
Considering that practically NOTHING has stayed on the supposed "schedule", I'm going to guess that there is NO WAY that the value of the assets is revealed on December 2,
but I could be wrong.
Once again, it's AMAZINGLY BEAUTIFUL !!!
I am going out on a limb and going to guess that our brokers along with the MMs are starting to know something is up.
It does make a difference when a LOT of people in a LOT of places LOCK their asks in at FULL liquidation value.
They got people to chase it around pretty good today and it's only a matter of time before all of these stocks POP
Thanks for the Chart!
The ridiculously high LV of these bad boys leads me to believe that they are likely to be converted, which would still be AWESOME , but probably won't see the full LV unless a BUYOUT occurs or CH 7 liquidation occurs.
But, if there is NO BUYOUT, then these puppies are going to be the next BIG THING.
Attention all those who got Wamued: If you didn't load up on WAMPQ at $3-4 share and WAMKQ under a quarter, you just
Wamued yourself!
Just go to your TRANSACTION HISTORY
Click on the transaction description.
The box that appears will include all pertinent information regarding your purchase, INCLUDING the SETTLEMENT DATE.
Sometimes you gotta get UP to GET DOWN BABY!!!!
Hey STOCK
If you want to see PUMPING, go take a look at the
WASHINGTON MUTUAL discussion BOARD at GOOGLE.
I would NEVER do that here at IHUB, however,
I DEEMED it NECESSARY to stop BUY earlier today.
They NEEDED to hear it again.
heeeheeeheeeheeeheeee
PPS is IRRELEVANT
Totally INSIGNIFICANT
PPS has NOTHING to due with the true VALUE of WASHINGTON MUTUAL or its STOCKS
heeeheeeheeeheeehee
I have been f#cking with orders ALL WEEK.
You probably saw a TON of 5 and 10 share LOTS priced ridiculously high, and if you did, that was me.
I was also putting in orders, cancelling them 20 seconds later, and doing all sorts of stuff to mess with those f#ckers.
It is GREAT advice Wamook and it makes PERFECT SENSE
I NOTICE that the DIVIDENDS are still scheduled to be distributed sometime in the FUTURE for those payable on 12/17/08
I also NOTICED that the estimated dividend payments do not
EXTEND beyond that. This is something that has been
RECENTLY UPDATED and you are going to be wanting as many of these WAMKQ shares as you can get your hands on.
The DIVIDENDS per share will LITERALLY be higher than what you can BUY an entire share for. No joke.
IF YOU'RE HOLDIN'........YOU'RE GOLDEN!!!!!
That's how I feel about all SHAREHOLDERS.
I really do believe that if you believe in them, then they'll continue to believe in you!
That is definitely a possibility.
If that does happen, it would obviously HELP THEM
Now is a good time to do it for many reasons, one of which is the almost GUARANTEED ban on selling SHORT that is sure to be in place early on in the NEW YEAR. Seeing as their pps couldn't get any lower right now, if they time this right, JPM is going to be the one that has the MARKET CAP that is shrinking faster than BALLS in an ice bath.
Identify preferred stocks of companies whose common stock have recently taken a beating as the preferreds pps usually plummets accordingly. Find ones that pay dividends and hold onto them FOREVER. By choosing PREFERREDS , you reap the benefits of the divis and the security of a liquidation VALUE as well. If you take my advice and the preferreds you are holding see a sudden drop in PPS, either BUY MORE , or just sit there with a smile on your face : ^ ). You should be to do this because you should be smart enough to know that the price of a preferred stock or NOTE has NO relationship to the TRUE VALUE of such stocks. You don't have to believe me, but I'm just trying to help you see the light.
Set up ask orders on all of your LOTS at high prices and grab a front row seat to the SH#TSTORM of the CENTURY !
You're going to get way more than $1 buddy, and you should be ashamed of yourself for thinking so negatively.
WASHINGTON MUTUAL has always been a name you can TRUST.
I just hope JPM doesn't BUY them out and ruin that TRUST.
That's a great post.
It is hard to argue with that kind of logic.
If JPM doesn't execute a REAL DEAL, then they are going to go down HARD!
If JPM executes a "sudden" BUYOUT it will be A story.
If they do not, then this is going to become THE STORY
I personally would prefer the latter, but think a BUYOUT is the most likely because of the reasons listed in your post, along with the fact that the last thing that is going to happen is that there is an all out investigation of the FDIC. Not going to happen.
BUYOUT likely.
C isn't "failing" and both of those stock prices are down because people want them down.
Do yourself a favor and buy C senior notes and preferreds, whether you truly think they are "failing" or not.
There are a lot of available OPTIONS
Ch 7 is not a viable option. Use your head !!!!
Why do you feel that TPG selling their shares would not be good?
Of course I have my own opinion, surprise surprise, but I am interested as to your logic behind your thoughts that TPG has anything at all to do with the HEALTH OR FUTURE OF WASHINGTON MUTUAL.
Please share your ideas with the rest of us so we can be so enlightened.
AMEN , and HALLELUJAH !!!!!
You are correct sir.
Too many people are trying to speculate about things that have already been decided upon.
In addition, too many people are expecting that upon such "news" that the price of the common stock will suddenly go on a "run", which is highly unlikely.
When the announcement of BIG NEWS comes, I have a sneaking suspicion that you better have your position LOCKED IN , because once the news comes, trading will be halted shortly thereafter.
You are correct. The NOL belongs to WASHINGTON MUTUAL and the order has been signed by the judge.
Best of Luck!
Don't sell fellow WAMKMANIACS.
If you have the cash, keep loading up!
You will get your divis on these bad boys, or equivalent value.
Either a deal is going to go down before the end of the year, or WASHINGTON MUTUAL will emerge from Ch 11 and put
FRESH MARKET value back on the street......
Hey prof, stock price of a company is not a good indication of the true value of a company. Just thought you should know.
Class dismissed.
Hey prof,
The big dogs did not buy in order to get a tax write-off in this case, though I do respect your good-faith attempt to understand the implications of the current situation.
The only people that sold to get a tax write-off were those that had already been holding. Nobody is going to just buy -in fresh to lose real cash that was just invested, especially with no guarantee that there investment would get to $0 before the eoy. Nice try, but once again you're questions are not precise and your arguments are not supported. Thanks for playin' !
Class dismissed.
Thanks for sharing. I think you have the right attitude and have assessed this situation properly.
I think you are making the right decision. Whether it's over before Christmas due to a buyout, so be it. Or whether it takes 2 years in CH 11 , so be it. No way people who held their investments and/or bought more will walk away with nothing and if anyone suggests anything to the contrary, then they are delusional and don't understand how the world works. There is a reason why nobody is talking about this case. They can't!
Best of Luck!