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I added 900 shares today in pre-market at 2.83 .
If it goes down further during the day, I will add another 400 shares or so.
I wish I would have gotten up like 30 min earlier.
Good Morning?
I got filled at 3.13 this morning, and I'm adding $1k worth in pre-market.
CME/CBOT was absolutely great today.
Didn't know it was bigger than the NYSE.
Wow!
Anything is possible, and yes, if no settlement comes soon, then it could take until next year imo.
I personally am not getting my hopes up for a quick settlement.
WAMU will prevail, just not as soon as many hope imo.
Thank you kindly!
"The FDIC is pressuring JPM to pay more, JPM is pressuring the FDIC to admit it's mistakes,"
imo, neither of those two things will ever happen.
The FDIC will pay , but it's going to take a while man.
Also, if I've learned anything about JPM over the last several months, it is that they never ever give in to anybody. They will drag this out for years if they can.
I'm playin' it. Got an order in in the low 70s and if I can get it in PM for cheaper I'll do it.
If someone actually buys them, then great, if not, I could actually take a $1,000 loss already this year to offset gains.
If I lose it all, then I have no tax liability so far this year and pretty big gains, if someone actually makes the move and buys them, I'll take it and if that happens, imo, a lot of stocks will do well in the short-term.
"Bad news" seems to help JPM's stock price though. It is really funny the way it works with them.
The more lawsuits and allegations there are against them, the higher their stock price goes.
Are you gonna play BKUNA on Tuesday?
I'm think I'm gonna pick up $1K worth in the morning and see what happens.
I'm holding this until I can sell it for at least $1.
Don't care how long it takes.
I'll sell half of my shares at $1 and see what happens after that.
We just need some news with that magic little word buyout, and I think it's gonna take off.
I'm holding that one until good things happen.
hahahaha, nice volume huh?
We have a winner.
Have a great night!
Great post.
I'll see you guys in a couple days.
That is so ridiculous. You really need to educate yourself about the WAMU situation and the market in general.
Unbelievable.
If you think what I say affects the price of a stock with 1.7 billion shares outstanding, then you have a lot to learn.
I share what I'm thinking, and if you don't like what I have to say, then tough.
How do you know what I'm holding?
lmao, held up by longs that are not selling? good one
and "smart" people know the difference between their, they're, and there, and your and you're BTW .
If it wasn't for them, this would not be at .10 .
Glad you got some entertainment from that.
.15 is not the highest WAMUQ has been since the seizure either.
You'll get it one of these times.
Try again. You'll get it one of these times.
.16 was not the highest WAMUQ has been since the seizure.
Guess what bud, I have been following it since September. You might want to check your #s because this is not the highest since the takeover, and the fly comment was just to ridicule someone who tries to pull that crap on these WMI boards.
I just think it's being held up, that's all.
Why don't you post a chart showing the support you see?
I will do just that.
To counter your claims that this is going to .05 simply because there is going to be a F/S .
Tough guy. The crew worked it up and now they're done. We will see if there are really buyers out there because what you saw last week was upward manipulation.
I am well aware of the F/S that you bring up in most of your posts.
Thank you for pointing that out again, and best of luck to you.
They were all down Wed-Fri last week and think they are ready to rocket.
The crew worked it up, not down.
I just call 'em how I see 'em young lady, and try to share what I am thinking. Sometimes people like it, sometimes they don't. Makes no difference to me.
I am in 100% agreement with that, and I would be shocked if the posters here will be buying more if we get a 30% spike sometime this week. I know I won't buy if/when it goes up.
I think just having the CC will make it go up tomorrow througout the day and can only guess what will happen after that. I think it will go up even if their #s don't beat estimates, and if they beat, I think it will boogie.
The whole solar sector, solr, solf, fslr, and others are all ready for a bounce, and they all seem to move together. IMO they are all way too low right now.
They show some support at a certain level, but I have seen that before, and every single time it has fallen through any apparent support.
Listen pal, this stock was being worked up by a crew whether you believe it or not. We'll see if it holds its current levels.
They are planning to do a stock buyback in the future sometime, but imo, they don't have the money to do a buyback and if they did, they wouldn't need all those extra shares to raise capital.
Why issue shares if you are going to buy them back? imo it is because the buyback won't happen for quite some time.
Guess we'll just have to wait and see what happens.
Best of luck.
You shouldn't see me here too much , unless people continue to make outrageous claims. Then I'll be the perpectual thorn in their sides.
Cheers!
I hope I am right too. I put in an order at $3.20 so I think it will get filled. I think they might take it down a little in PM and then it's movin' on up.
IMO there is no way that this sits at the $3 level for much longer.
Well the charts disagree with you my friend, and I guess we can just agree to disagree. Or, maybe not.
I'll keep going if you do.
Just a gut feeling, and the massive pumpalumping going on isn't good imo.
The more I realisically think about it, there will be no "sudden" settlement or a sudden "halt" like many are claiming, and all of the shareholder "articles" are basically one big pump imo. They get some people to buy in , we get a few cent spike, which I will always take, but if you don't capitalize on the spikes, then it as if they never happened.
Everybody seems to claim that they are longs and "if it goes down they will buy more", but I think that is a bunch of BS, and if it wasn't then they wouldn't be trying to get the pps up all of the time.
The more I look at the documents, the more I believe that the GS that is referenced has absolutely nothing to do with a buyout or the bk, and has to do with lawsuits against WMI that Wolfe and others are working on.
I could be wrong and these things could run for the hills this week, but as of now, I have more cash on the sidelines than I have in.
Like I said before, I think if an investigation moves forward against JPM, the pps might spike because of overanxious posters and traders hopping in, but that just adds to the length of the bk and I believe that JPM will come out of an investigation clean as a whistle, or atleast as clean as JPM can be.
I still support a favorable outcome, but imo, we have yet to seen the worst.
Also, I feel that the only thing keeping this stock up is a trading team that has been working it, and without them, this thing falls faster than you can say "look out below".
We'll see what happens.
I have an order in to add 333 shares to the portfolio tomorrow.
Set it for 3.10 so hope it gets filled down there.
I'll be away from the computer all day, but I still think this one is going to boogie.
Top of the evenin' to ya!
.05 , moon, close enough.
Portugese Authorities Investigating $50 Billion Scam On JP Morgan Chase
"John Carney from Clusterstock
A Portuguese website reports that authorities are investigating an attempted transfer of 50 billion dollars (36.6 billion euros) from JP Morgan Chase in what might where result would be the biggest fraud ever, rivaling the Ponzi scheme of Bernard Madoff.
According to the webste, Publico, the scam transfer was attempted by an unidentified woman, who presented a bank in Lisbon with an interbank contract for the transfer of 36.4 million euros.
Here (via a Google translation) is the report from Publico:
The Financial Information Unit of the Judicial Police (PJ) is also aware of the process.Official source of the prosecutor told the Lusa that “the Central Department of Investigation and Penal Action (DCIAP) is to collect information on the matter.”
The Bank of Canada is also investigating the case, according to official sources, which indicated that the process followed for the department of supervision “of the institution led by Vitor Constâncio, confirming also that the way the case is similar to other attempts at fraud detected by the authorities in Portugal.
Contacted by Lusa, PJ’s official source said, however, “is not considered appropriate to comment on specific situations,” goes to disclose data on situations of the kind found in recent years in Portugal.
. As the amount involved, 50 billion dollars (36.6 billion), is far superior to any other similar case ever found in Portugal, confirmed to the Lusa the supervisor of banks.
Even if there is a limit to transfers of money from abroad to Ireland and vice versa, the amount is so high that it would do for five lines of high-speed train in Portugal or ten airports in Lisbon.
If the operation was carried out, would be transferred to Portugal twice the value of the 20 largest Portuguese stock exchange. “An amount ever seen, is in the Portuguese market or in any place of reference of the world,” said a banking source to Lusa. Indeed, it is not every day that are transferred 50 billion dollars from one country to another and, as another source of market, “seems to play. The value is completely abnormal.”
The contract ‘Swift’ [direct exchange between banks] provide for the transfer of that amount between the North American bank, the JP Morgan Chase Manhattan Bank, and the Portuguese institution, with a pre-set exchange rate and fixed at 85 euros for each $ 100 (euro in evaluating each $ 1.17 - below the $ 1.36 to the euro has traded in the foreign exchange market).
The transaction would be held in several tranches, with the first set at 49.5 million dollars (36.4 million).
In terms of commissions, the lead bank to accept the transfer operation of the money received 2.5 percent of the total amount, ie 1.25 billion dollars (nearly one billion euros - twice the market value of the Banif stock exchange, for example).
On page four of the contract read that “the parties have to follow the coordinates given by the rules of the banks on the Anti-Terrorist Act and the Patriotic Act I and II. The purchaser [bank that accepts to receive the money coming from the U.S.] will not held responsible for any money laundering harmful. “"
http://www.stockmarketnewz.com/2009/05/17/portugese-authorities-investigating-50-billion-scam-on-jp-morgan-chase/
Portugese Authorities Investigating $50 Billion Scam On JP Morgan Chase
"John Carney from Clusterstock
A Portuguese website reports that authorities are investigating an attempted transfer of 50 billion dollars (36.6 billion euros) from JP Morgan Chase in what might where result would be the biggest fraud ever, rivaling the Ponzi scheme of Bernard Madoff.
According to the webste, Publico, the scam transfer was attempted by an unidentified woman, who presented a bank in Lisbon with an interbank contract for the transfer of 36.4 million euros.
Here (via a Google translation) is the report from Publico:
The Financial Information Unit of the Judicial Police (PJ) is also aware of the process.Official source of the prosecutor told the Lusa that “the Central Department of Investigation and Penal Action (DCIAP) is to collect information on the matter.”
The Bank of Canada is also investigating the case, according to official sources, which indicated that the process followed for the department of supervision “of the institution led by Vitor Constâncio, confirming also that the way the case is similar to other attempts at fraud detected by the authorities in Portugal.
Contacted by Lusa, PJ’s official source said, however, “is not considered appropriate to comment on specific situations,” goes to disclose data on situations of the kind found in recent years in Portugal.
. As the amount involved, 50 billion dollars (36.6 billion), is far superior to any other similar case ever found in Portugal, confirmed to the Lusa the supervisor of banks.
Even if there is a limit to transfers of money from abroad to Ireland and vice versa, the amount is so high that it would do for five lines of high-speed train in Portugal or ten airports in Lisbon.
If the operation was carried out, would be transferred to Portugal twice the value of the 20 largest Portuguese stock exchange. “An amount ever seen, is in the Portuguese market or in any place of reference of the world,” said a banking source to Lusa. Indeed, it is not every day that are transferred 50 billion dollars from one country to another and, as another source of market, “seems to play. The value is completely abnormal.”
The contract ‘Swift’ [direct exchange between banks] provide for the transfer of that amount between the North American bank, the JP Morgan Chase Manhattan Bank, and the Portuguese institution, with a pre-set exchange rate and fixed at 85 euros for each $ 100 (euro in evaluating each $ 1.17 - below the $ 1.36 to the euro has traded in the foreign exchange market).
The transaction would be held in several tranches, with the first set at 49.5 million dollars (36.4 million).
In terms of commissions, the lead bank to accept the transfer operation of the money received 2.5 percent of the total amount, ie 1.25 billion dollars (nearly one billion euros - twice the market value of the Banif stock exchange, for example).
On page four of the contract read that “the parties have to follow the coordinates given by the rules of the banks on the Anti-Terrorist Act and the Patriotic Act I and II. The purchaser [bank that accepts to receive the money coming from the U.S.] will not held responsible for any money laundering harmful. “"
http://www.stockmarketnewz.com/2009/05/17/portugese-authorities-investigating-50-billion-scam-on-jp-morgan-chase/