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If you would be happy with getting $50 from a $3 investment, then why wouldn't you rather invest .10 in WAMKQ to get a return of $25???
I say that was a great buy. Companies like ESRG have the advantage as they are already in operation and provide products that save people money. These are 2 major characteristics that make this stock a BUY and a HOLD.
I've already made back everything I initially dumped in, so I have nothing to worry about.
To be honest with you, I don't think that Guinea will ever have a "free" election. Their elections will never be any more "free" than the fixed elections in countries like Iraq. It's all bs.
If you think that holding a non-reporting stock that costs practically nothing is like holding a gun to your head, then you have a VERY warped sense of investing. Not everybody buys a stock with plans to sell it on the same day.
Exactly! WAMPQ is not all it's cracked up to be. Idealists apparently feel that WAMPQ is the most valuable WAM stock to own. I feel that this would be the case if WMI was in chapter 7 and was going to liquidate. However, WMI is not going to liquidate, they don't have to pay any dividends on WAMPQ, and therefore I feel that the other 3 WAM stocks are the better buys.
jmho
WAMKQ has a $25 liquidation value, so for a pps of .10, I say buy as much as you can!!!
It is dependent upon the developments in the upcoming days, weeks, and months.
It doesn't matter.
That's right. It traded steady at $50 and over from March 4th of 2002. The last trade over $50 was on September 4th of 2007. Then from Sept 4th 2007 through the end of June 2008 it went from $50 down to $25. And we all know what happened after that.
That is an incorrect assessment. JPM obviously has no ethical standards or respect for real people. If you believe that they are looking out for their shareholders you are sorely mistaken. If they have ethical standards that are so low and would take part in a pseudo-buyout, shafting another company and its employees and shareholders, what makes you think that they would stick up for their shareholders if they were in the same position that WAMU was in.
The ethical thing to do in such situations is to buyout out the troubled company at a fair and equitable price!!!
I am going to keep buying as much as I can between .11 and .25. I foresee this stock in the $$ range within a couple of years. GREAT LONG STOCK!!!!!
imho
LOTS of POSITIVE PR lately. Since the company is required to provide all relevant information to investors, I feel that it is a great sign for HMIT. If you don't have any shares, buy now and hold. You will be thanking yourself in 1-2 years imho.
Goldman Sach's hasn't exactly been laying off the WAM family of stocks. Warren Buffet announced a few weeks ago that he was considering dumping in as much as $10 billion into them and MS. If someone is planning on buying them, each share that they have boughten recently is one share that they don't have to pay anything out on to somebody else....
IDK, but I hope you're right. Now that you mention it, I do remember reading similar verbage that suggested as much. If you could provide a link explaining the preservation of original shares to retain NOL it would be much appreciated.
I also know that American Funds had atleast 8,905,000 shares(according to my mother's portfolio booklet) before all the sh*t went down, and I'm pretty sure there were other funds that held WAMUQ and aren't planning on taking this sitting down.
It is my opinion that there is no relationship between shares and NOL. The NOL is theirs and I believe they can do what they please with the stocks.
W T F ? Why do they make it so difficult?
That is incorrect. It is not true that WAHUQ will get $50 per share before the other stocks get anything. That would be the case if this were a liquidation bk, but this is clearly not a liquidation scenario.
Exactly. Also were about 700,000,000 shares bought in 10 days between October 9th and October 22nd. Go WAMU, go WAMU, go WAMU, go WAMU, go, go , go, go.
I don't think it is likely, but it is possible that they are trying to lock in losses for the year, but I find it hard to believe that funds need to lose anymore than they already have this year. I think all signs point to great news!
Anyone who shorts WAMUQ is just asking for BIG BIG TROUBLE!!
There are so many other stocks you could short with far less risk. Anyone who risks a big short position in a stock like WAMUQ (which has so much unpredictability and potential) deserves to take a hard hit imho.
Exactly. However, better late than never, and hopefully "late" is not going to be an option soon.
I'm waiting for a response. Thanks for your help and advice, and as always, GO WAMKQ GO!!
That's the way to do it. MMs deserve it and should be ashamed of themselves.
Hahaha. Yup, and I'm not selling!
Well, now there is a WAMUQ board, a WAMKQ board, a WAMPQ board, and WAHUQ board. It's all about communication, so let's keep the lines open!
: ^ )
Who's there?
I am far from a professional, but some simple reasoning for me is, I spent more than $1,000 bucks on cigarettes last year. In addition, the whole WAMU situation is so different than anything in the past, that I see the situation ending differently than most situations. Therefore, I feel that NOT dumping $500-$2000 in WAM stock, both preferred and common, would be foolish. I also feel that anyone who sells any of their stock is equally as foolish. It is always a game of risk and reward, and in this case, I feel that the possible rewards far outweigh the risk. Go WAMKQ go!!!
I don't have the expertise to give you guidance as to what to purchase. I do not have the money or the shares like some of the people on these boards. I will tell you that I am holding 8,000 of WAMUQ and 8,000 of WAMKQ. I used to have some more WAMUQ, but sold some off on Monday to pick up some WAMKQ seeing as the prices are so close. I have no idea what is going to happen with these stocks, but I am holding long-term. If they all end up worthless, so be it. It is well worth the risk in my mind. I personally think that WAMUQ and WAMKQ are both great buys. I really don't see the shareholders getting totally shafted, not if the whole theme lately is "restoring confidence" on Wall Street. However, as always, this is jmho...
I figured I'd open one up seeing as the other 3 already had their own boards. WAMKQ deserves its own board!
I think that the price of WAMUQ will not get any lower than .06. It might go up, but I think that almost all of the selling is being done by the MMs, and I think aroung .06 is about as low as they can push it. I believe that a small portion of the selling is being done by WAMUQ holders that are dumping part of their lots to take advantage of preferreds such as WAMKQ. Go WAMKQ go!!!
You make valid points, however, apparently you are forgetting about the $2/share minimum trading requirements that exist. I feel that if the stock is going to continue to be traded, it will be priced at atleast $3.00. I feel this way because if the share price was $2.00, there would be too great a chance that the pps would fall under $2 due to quick dumps to cash in. If they do price it at $2.00, hopefully they have extra cash reserved to buy up every share sold at the $2.00 market price, to prevent a pps drop due to quick dumps for cash. There are obviously more than several variables to consider, but I feel this is another one.
The price and the risk are both VERY low considering all that is surrounding the stock, even if it is in BK.
I think you are right on with that call. There is no way that all the big names that have been buying HUQ, MPQ, MKQ, and MUQ unless they they knew something. To those who feel they are buying to lock in their losses, I politely say you're crazy. Hold strong, because you will be kicking yourself after you sell and miss the reward.
The NOL belongs to WMI. It will not go to JPM and it will not go to the FDIC. The law is the law, and the NOL belongs to the company (tax id) that generated the loss. So, until someone buys them out, the NOL will forever and always belong to WMI.
I don't have any access to related information, but a buyout wouldn't suprise me. HMIT has clearly done most of the hard work needed to put themselves in a position to pull profits, thereby increasing the chances of a buyout.
What is the estimated value if a buyout is under $8.71 ??
If holders were smart, they would not sell anything below the previous day's close. This stock has great potential and to me, it is silly to sell, but if you do, always price your ask atleast .005 higher than current market.