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They need to issue shares to raise capital and to pay off the Paradigm deal, but hey, whatever you say man. This thing is going to the moon.
If that is correct, which I am not saying it is, then you might as well turn your computer off for quite a while.
Anybody who thinks the FDIC is going to get approval to borrow up to 100B at a time and then will just turn right around and say "here you go WMI" is a little nutty, but that's jmho.
Also, the term Global Settlement, imo, is referring to lawsuits that are against WMI that were filed in the past, and imo that is what Wolfe and others are working on.
There is a whole lot of pumping and misinformation being passes around, especially at yahoo, but to each his own.
WAMU = trade at your own risk
Agreed.
But if/when we get a pop coming up, I'm selling it all baby, because it will come back down.
But they also increased it by 5 billion in addition to the amount needed to cover the F/S.
If they wanted to cover the F/S, then they only need 5 billion shares.
What do you think they are going to do with the additional 5 billion?
But if there is no equity there is no shares.
If they can't pay creditors at 100 cents on the dollar, longs are done for.
Creditors come first.
I am hopeful, but the pumping that is going on all over , especially on yahoo, is for the birds.
Thanks for sharing that. Pretty cool, but it reminds me of denke.
hahaha
No problem. I don't need to tell you to be smart as I know you are, and just make sure you stay on the right side of the situation.
Keep up the nice work and have a great day!
I'll be at the Chicago Board of Trade tomorrow and won't be posting, but will be back late tomorrow night to check out the "action".
Cheers!
No you should not bother.
If an upcoming buyout was for real, the stock would not do a 40% nosedive.
If there were tons of shorts that needed to cover, the price wouldn't go down, it would go up.
Anyone who tells you otherwise is lying to you.
If this was for real, the stock would not be trading at .04 and under.
Do you really think that investors, brokers, and firms don't have the ability to research to see if the company and the "deal" is for real? Of course they do, and the market has spoken.
Don't be a bagholder. If you are thinking about puttin $1000 in, it would be more fun to get 1000 dollar bills and light them on fire.
That sounds like sound reasoning I can agree with.
We'll see if this develops into something.
I don't think the CIA called her bluff, but even if they did, it's the CIA lol.
I'm not fond of her either and think she's bad for the party and the country.
I hate the way she struts and prances around when she gets what she wants.
Oh . Gotchya. I don't know what really happened, but I just wanted to share the link.
I feel that Pelosi is definitely covering for both sides. She is saying that the CIA and others lied to Congress, not just her, which thereby takes Dems and Reps off the hook and pins it on the CIA.
imo the reps are stupid for going after her as she is actually helping them out, but they are too stupid to realize that.
I don't call BS. Goldman is leveraged up to kingdom come. If it wasn't for the bailout, Goldman would have completely lost their a$$. They profited from the TARP funds given to them, and they got their money back from AIG which was TARP money.
As far as JPM goes, how could it surprise you that they crafted their #s?
If they do exit before a settlement from the FDIC, we're all completely screwed imo.
We need value added to the books because as it stands right now, the co isn't worth much and it is actually owned by the creditors.
I will be buying more when it drops, but the FDIC is the one that will take the hit on this, JPM will come out smelling like roses, and the groundwork for this has already been laid.
All I'm saying is don't get your hopes up. I always share what I'm thinking, and you should only take it for what you think it is worth.
How many times have we played this game? The boards fill up with this is the day, this is the week, this is the weekend, this is why the price will go up, and then the price goes up for a short time because of the hype, and then it falls.
A settlement is a long ways off, and nobody will buy WMI until they are worth something. That's what a fly told me.
When you get emotionally attached to your shares is when you get hurt imo.
There won't be a R/S imo, but they only way they can get uplisted is through revenues and audited financials which are a ways off.
I disagree. I think it is much easier to convince someone to buy.
If you give people realistic assessments of situations and tell them why they should sell, they won't listen, so I won't even try.
If the bill gets passed and signed and/or the $4 billion is ruled on and the prices go up a little bit, imo you should sell, because to think a settlement will happen next weekend or anytime soon is foolish.
Also, the more I think about it, if JPM is investigated, it is going to actually clear their name, take additional time and money, and will give more power to JPM.
Let's hear the attacks.
Sounds about right to me.
No surprises there.
I haven't heard anything, but I would imagine all exchanges will be enforcing their rules again.
I used to track all of the Fannie and Freddie preferreds, and like clockwork, they would magically get bought up from under $1 all the way up to $2, and that was happening with a lot of stocks.
My guess is when they do start enforcing the minimum pps requirements again, the same thing is going to happen.
I will keep your post and will respond again if/when I find anything out.
Cheers!
Funny stuff man. I was surprised to see how funny McCain can be.
It's gonna be 5 billion A/S.
There are 1 billion right now, and they are doing a F/S of 1-5 .
I haven't check the site, but you better hope they haven't increased the A/S to 2 billion before the split.
Yup. Pick your poison.
I think there are a couple handfuls holding that many shares, and I think that if they need to issue shares to raise capital, which they do, having 5 billion AS isn't going to be the best for the near-term pps, but who knows.
Either way, it was either a forward split or a reverse split that needed to be done in order to be able to give Gary and Paradigm the shares they are owed from the deal, and since the pps isn't .50, it was either a huge R/S to get the pps up, which would have lost them most of their investors, or a forward split, which they tried to turn into a positive by acting like they are doing it for the shareholders.
As I have stated, I believe in AMNE, but imo the short-term pps is going to suffer in the short-term.
Once the pps is low again after the split, there are a ton of shares that they are going to have to issue to raise capital, which likely won't help the pps.
I'm all for "news", but until there is verifiable revenue, imo this is going to get treated just like every pink.
Thanks bud. A friend of mine told me it is in play as well, and imo, it will turn soon. I think earnings are coming out this week so I think it will go up on anticipation alone, and if the earnings are good, I say it shoots up.
I feel this is the best solar stock that is out there, and you can play it short-term, or load up now and check it in a year and you'd be happy.
Have a great night!
That is the funniest thing I've read all weekend for sure.
Thank you kindly for that !!!!!!
Check out JASO and tell me what you see. It is a good long-term buy for sure, imo, but it has good movement every day that looks like traders take advantage of.
Multiple 5-10% swings almost every day.
I was too, and he sure does. That was excellent writing and excellent delivery.
Did you happen to see him and McCain at the Al Smith dinner last year? They were both absolutely ridiculous.
http://www.huffingtonpost.com/2008/10/16/al-smith-dinner-obama-mcc_n_135455.html
That's what I thought, but imo, the rest of them will be at or above their listing requirement minimums soon.
I'm going to have to pick one of that list and try my luck this week.
Thanks for the list. Looks hot!
houseboat , you out there bud ?
Nice list, and once AMEX, NASDAQ, and NYSE start enforcing their minimum pps requirements for listing again, all of those stocks will be at $2, $1, and $2 on their respective exchanges imo.
They will literally will get bought up to a closing price high enough to remain listed once the enforcement is back, with the exception of HAYZ (which I think is filing/has filed for bk).
Thanks!
Even if you don't like him or support him, it's funny.
Must watch!
Yup. They'll be fine, but I'm not one that likes to hold for too long.
I don't have the answer to your question, but I like the little green man theory.
hahahahaha
Business is business as far as banks go. My answer to your question is, it will go keep going down until they raise the $35 billion and it also depends on how low the crooks want to take it.
2 bucks up to $16+ is quite a jump for any stock, and I couldn't pick a bottom on this one. I just feel bad for the people that bought in at 14-16 when everyone was saying that the results of the stress tests would be good and banks are in good shape.
That's a good question. I think the answer is USB, as if you look at their #s, they are pretty damn solid if you ask me.
Reality sunk in a little bit as of late, but I started buying and selling a while ago. imo if you bought in at .10 you should have sold on the last little bounce. If you didn't and this runs to .15 on perceived "news", then I would sell again. Do I know that it will go up? no If it does go up, do I know it will go down? no , but to think that you will wake up on Monday and see a headline that JPM is buying WMI isn't a reasonable expectation.
When I was really making money was when I was selling WAMU when it was up, dumping all of the money into the lowest of WAMKQ and WAMPQ, when one would run I would sell, and get into the lowest of the bunch. Then I started buying into the anything could happen at anytime theory, and that was when I wasn't making any money. Sure it is nice to see green as a gain in your portfolio, but I'm telling you, it's a whole lot nicer to see green next to the cash in your portfolio.
To each his own.
WAMUQ - Trade at your own risk.
Bank of America accuses JPMorgan and Goldman Sachs of cheating on stress test
http://www.wickedlocal.com/framingham/news/lifestyle/columnists/x340402736/MADDOCKS-Bank-of-America-accuses-JPMorgan-and-Goldman-Sachs-of-cheating-on-stress-test
What do you all think about that?
Bank of America accuses JPMorgan and Goldman Sachs of cheating on stress test
http://www.wickedlocal.com/framingham/news/lifestyle/columnists/x340402736/MADDOCKS-Bank-of-America-accuses-JPMorgan-and-Goldman-Sachs-of-cheating-on-stress-test
Bank of America accuses JPMorgan and Goldman Sachs of cheating on stress test
http://www.wickedlocal.com/framingham/news/lifestyle/columnists/x340402736/MADDOCKS-Bank-of-America-accuses-JPMorgan-and-Goldman-Sachs-of-cheating-on-stress-test