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That is because the MMs have so many orders in to buy up everything at .45 and .50 so they can control the price yet again tomorrow.
: ^ )
If it is not a squeeze, how low are we going to see it dip down to in the next hour?
Posted by: jackson227 Date: Wednesday, November 12, 2008 1:14:51 PM
In reply to: hahawin who wrote msg# 242 Post # of 252
Hey haha, what is wrong with putting in $1,100, making 500% on your money, and then picking up some WAMPQ?? The way things are going, you'd actually be better off selling your WAMPQ to buy WAMKQ, and here's why:
If you bought WAMPQ today at $5.50, you would only be able to pick up 200 shares. You seem to be missing the fact that everday you go on and on about how much better WAMPQ is than WAMKQ. However, WAMKQ continues to outperform WAMPQ in the short-term, thereby making WAMKQ a better buy right now. If I bought $1,100 worth of WAMKQ (3,666 shares) at .30 and if WAMKQ goes from .30 ( to 1.50 (which it will) that $1,100 turns into $5,500 in about a week. Now unless I am stranded out in left field, the smart part of me thinks that I would much rather engage in the scenario I just laid out, sell off $4,400 and then buy 600 shares of WAMPQ at $ 7.33 /share (which which would be 400 more shares of WAMPQ I could purchase as opposed to if I would have bought 200 shares of WAMPQ right away) AND I would also be the proud holder of "free" WAMKQ. If you don't get it after this post, something tells me you never will. No offense and of course this is jmho!
GLTY
Hey haha, what is wrong with putting in $1,100, making 500% on your money, and then picking up some WAMPQ?? If you bought WAMPQ today at $5.50, you would only be able to pick up 200 shares. You seem to be missing the fact that everday you go on and on about how much better WAMPQ is than WAMKQ. However, WAMKQ continues to outperform WAMPQ in the short-term, thereby making WAMKQ a better buy right now. If I bought $1,100 worth of WAMKQ (3,666 shares) at .30 and if WAMKQ goes from .30 ( to 1.50 (which it will) that $1,100 turns into $5,500 in about a week. Now unless I am stranded out in left field, the smart part of me thinks that I would much rather engage in the scenario I just laid out, sell off $4,400 and then buy 600 shares of WAMPQ at $ 7.33 /share (which which would be 400 more shares of WAMPQ I could purchase as opposed to if I would have bought 200 shares of WAMPQ right away) AND I would also be the proud holder of "free" WAMKQ. If you don't get it after this post, something tells me you never will. No offense and of course this is jmho!
GLTY
Great purchase!!! Wait until WAMKQ is trading at $10/share and take your $380,000 in profit. If you are going to sell any off to protect yourself, don't sell too much too low because you will be kicking yourself if you do. IMO , get a plan in place and stick to it. Once again, GREAT PURCHASE and best of luck on getting your money back (not that you'll need luck because you have balls)!!
Long live Washington Mutual Inc !!!!!
MMs finally regained control of this one and I think we will see more structured, incremental increases for the rest of the day. It makes no difference to me though, because I have a 1,000 shares at an average price of .158 I got some at .09 and some at .24, and I'm not selling even if we see $2.00 today. These preferreds are the best buys if you are patient enough for the real pay day. Buy as much as you can and HOLD!!!!!
GLTA and Go WAMKQ Go!!!!
: < )
Was anybody able to get filled under .50 in the last hour???
Buy half of the half you just sold back for .62, would be my suggestion. This run is far from over!!!!
We could see a buck today if they drive it up to .80 for an hour, bring it back to .70 for an hour, then drive it up to .90 for an hour, then back down to .80 for an hour, then drive it up to $1.00 for close.
GOOOOOOOD MORNING WASHINGTON MUTUAL SHAREHOLDERS!!!
Looks like .62 for a while and then blast off again!!
Get some bids in at .60 or lower, MMs are pulling it back for a while.
A little bit of oh, and a whole lotta
YEAH BABY!!!!
Good morning to my friends at investorshub. Thanks for playing and GLTA!!!!
I don't see that happening. There is no benefit to anybody that sells it off low, and I feel that the MMs could name their price on this one. They are trying to control the price the best they can because they don't want the price to go up too fast too soon, and the large spikes show that. They only sell low to prompt sell-offs by everyone else so they can buy up more and sell it off at a higher price. I don't feel that this stock is being overbought, in fact, I don't think it is possible for this, or any other WA preferred stock to be overbought. All of the preferreds are more than undervalued AND there is a very limited amount of shares available. Preferreds get paid first, end of story. Makes sense to me, but maybe you know something I do not. Thanks for the analysis and GLTY!
: ^ )
So are you telling me that you have a problem with getting a guaranteed .60 on the dollar, which would be guaranteed $30/share. I would be more than fine with getting 60% of face value, especially considering WAHUQ gets paid first, regardless of what anybody says.
Don't worry about it. The price is somewhat irrelevant. WAHUQ gets paid before all, so the lower they keep it, the better for us.
Right. Sell some MUQs (apparently between .06 and .062) and/or MPQs(during the first spike of the day) to buy some MKQs, double your money, and then buy more MPQs.
It is still smart to pick up atleast 100 shares of WAHUQ.
100 shares x $50 = $5,000 guaranteed
imo
Ya gotta love seeing the entire family of WA stocks in the green right now. Wooohooooo Wamoooooooo!!
Better pick some WAMKQ up now, 'cause I see it trading between .30 and .40 for most of the day tomorrow and definitely higher than that for the rest of the week imho
"Should be" doesn't mean anything. What matters is what they are trading at. I own some WAMPQ for the obvious reasons, however, I do not foresee WAMPQ getting the hundreds of % point gains that it looks like WAMKQ is headed towards. I picked up a lot of WAMKQ on last Wednesday at .09, and needless to say I am happy with the results, but am going to hold and reap all the benefits. I do not see WAMPQ tripling in value in 3 days of trading like WAMKQ just did. Regardless of your position(s) I strongly believe that ALL of the stocks in this family are currently undervalued and just wish I had more $$$ to play with. Hold strong, and buy as much as possible!!!!
I think it was a great buy. It is a solid preferred stock and imo you will be up 40-60% from where you bought it at the end of day tomorrow. Welcome aboard! Now sit back and watch WAMKQ shoot through the roof!!
They are actually the smart ones, it is the idiots that are only offering .22 that are holding up the show.
IMO anyone who sells is a terd muffin, especially if you sell under .06
MMs are making a killing on WAMKQ!!
Once people start to realize that WAHUQ is a guaranteed payout no matter what happens (liquidation value of $50)and that WAHUQ is a preferred stock to the trust, making it a creditor, I think we will see this stock take off just like WAMKQ.
WAHUQ is first in line to get paid no matter what happens.
This might be the last day you can purchase WAMKQ under .25 imo
Right now is a great time to load up on WAMUQ (and all of the other WAM family of stocks). The MMs are driving the price down as I type, and they aren't going to get any cheaper than they are now imho
I think it will take about 2 more weeks for MPQ and MKQ to even out price wise. We'll see.
I think it will get up to .25 tomorrow
: ^ )
It took me a while, but I get it. I just completed my WAM holdings package today by picking up WAMPQ and WAHUQ to add to my already existing shares of WAMKQ and WAMUQ .
I would recommend picking up some WAMKQ as well. It is still relatively cheap, it has $25 liquidation value, and it is starting to run away from WAMUQ.
I say there is a real possibility we'll get there this week.
It is looking good today!
: ^ )
If you want to get filled with WAMKQ today I would suggest putting in your ask 1 penny over market to ensure that your order gets filled. It will be worth the extra penny per share because .14 is about as low as you'll ever be able to get it imho
Well I'm not going to sell it short or anything, but it is my strong belief that AIG will see 2.00 this week for sure.
I think somebody is getting squeezed HARD right now. Up 25% already today with over 75,000,000 shares traded. AIGs books are horrible, they just borrowed more $$ which means more liabilities, but the stock is up. Huh, I am definitely wait until it drops back down to $2.00 or under before I buy again!
I think you are right about people dumping WAMUQ to buy the preferreds, but I personally don't feel that the common stock will get wiped out. I did sell some WAMUQ to buy some WAMKQ last week, but I did it to diversify,not because I was scared. I hold half WAMUQ, and half WAMKQ.
hahaha.....sorry
I totally agree, and also feel that WAMKQ started its sprint away from WAMUQ this morning. It's at .155 right now, up 48% today. I actually didn't buy any till last Wednesday at .09, but I'm up 69% as we speak, and I'm not selling a single share!!!!!
WAMKQ last trade on etrade, Monday Nov 10th was
.14. It is already up 33% today!
You forgot to mention that although the payout for WAMKQ would be half of WAHUQ, WAHUQ costs 20 times as much as WAMKQ. To me, I would much rather purchase a stock like WAMKQ that costs 1/20th of the price of a stock like WAHUQ that would only pay out twice as much. Hmmm, would I rather pay .10 to get $25 or pay 2.00 to get $50. Ah.... I'll pay .10 all day long!!!!
The difficulty in obtaining a large # of shares of WAMK speaks volumes. I feel it is a great sign that nobody is dumping large lots of WAMKQ. Go WAMKQ go!!