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So put in an FAZ buy order at 2.22 ?
Is FAZ going to get smoked today?
I think it might.
The fin rally is likely to end sometime soon, but looks like FAZ might get crushed down.
How high is DPTR going to go today?
DRYS opened up this morning.
Hopefully they give me a bull charge today.
Also, JASO just hit 5.30 in PM, so maybe watch for a pullback today to hop back in.
Thank you kindly.
The last time KEY traded at these levels was in 1985 .
It consistently traded between $20 -30+ for about 12 years.
Looks like this is just the start huh?
Atleast someone is "covering" the story, which is better than no coverage at all.
I'll gladly accept a free pump.
Stick to your plan man.
I'm not going to knock the article, because I like to see it, but consider the source.
However, if the author was responsible for allowing me to sell my preferreds for a profit, then maybe a thank-you note is in order.
Exactly. It is basically a pump. Look at the title. Too funny. If you get a spike, sell it all and wait for the dip .
I'm not a chartist, but he is, and it sure looks good to me.
I don't know who was stupid enough to sell at .0036 today, but to each his own I guess.
Unreal.
I guess a traceback was in order after hitting .006, but the morons that sold deserve what they get.
Like I said earlier today, if you want to sell, set a GTC order and leave it.
If people are hitting .005s and the bid is at .0049, once you try to dump at .0049, the traders will pull out their bids at .0049 forcing people to sell lower. Happens all the time and I love watching it happen.
I'll take it.
Idiots trying to throw through the .0036s and they failed.
hahahahaha
Sorry about that. There are some script errors that are being worked on. Try it out again this weekend.
Once all of the problems are worked out it will be sweet.
I actually dumped today. Couldn't pass up the profits from the shares I bought on Monday.
I'll be back, just hope I don't have to pay more than what I sold for.
I'm waiting to a juicy pullback to low $4s and think it will keep running higher.
Time to throw into the bid. Gotta go.
Here it comes.
Morons throwing into the bid.
Run free BZCN, run free.
Looks like a good time to buy DRYS imo.
7.01 x 7.02
They don't have 24 million in revenue. That is their goal.
Let's chew through those .005s .
I have a good feeling about this stock, and it's because it is a real company , which is very rare on the pinks.
Plus , we already know the stock can move given its history.
Cheers!
I like the analysis.
"WMI appears to be going for the throat and the gonads. As a mater of fact if by the time I am done if they haven asked that JPM be drawn and quartered I will be astonish. "
hahaha
Thank you sir.
I haven't looked at all, but is there a link to the court docs from the bk in the ibox or somewhere else?
All registrations have been received, but they are still working on the problem.
E-mails will go out ASAP.
Sorry for the delay.
GOOOO WAMUUUUUUU!
I hope it will be soon.
Not on board yet, but I've been watchin' the action since you recommended the parlay .
Didn't have the cash then, but I have a couple orders set right now, hoping they will get taken down.
Cheers buddy and hope you are doing well!
(I know you're doing well with your stocks, I was talking about you. hahaha)
Looking forward to it.
Now if you guys want to sell, place an order and leave it.
Don't throw into the bid in hopes to kill the momo.
Then put in buy orders nice and low when you know a blog is coming out.
Another great video blog with the CEO from March 5 2009
Video blog with the CEO from March 17th 2009
Mean Street: Hank Paulson, National Hero
http://blogs.wsj.com/deals/2008/10/15/mean-street-hank-paulson-national-hero/
UFB
When is Lehman going to $ue the $hit out of JPM for withholding their $17 billion ?
I think all timelines are out the window, but I could be wrong.
You should check out this doc though.
It's long as #ell, and I haven't read it yet in its entirety, but it is worth a peek.
http://wmish.com/doc/gov/0603/JPM_V_WMI_-_ANSWER.PDF
Mean Street: Hank Paulson, National Hero
http://blogs.wsj.com/deals/2008/10/15/mean-street-hank-paulson-national-hero/
In case anyone wants to just listen on their PC, or put it on their iPod, sidedraft made an mp3 of the interview:
http://www.sidedraught.com/USFinancialMess/WilliamKBlackonBillMoyers.mp3
That's right .
Dimon , Cavanaugh, and the others still refer to it as WaMu and the WaMu "deal" when that is not accurate.
I used to say it all the time that they did not buy WaMu. They bought certain assets and liabilities of what used to be WMB and WMB (fsb).
"WaMu" is WMI's. Not the banks anymore, but the names, the branding, etc. .
Did you guys and gals see this yet?
2nd UPDATE: SEC, NY AG Finalize ARS Settlements With Firms
JUNE 3, 2009, 3:54 P.M. ET
" By Sarah N. Lynch
Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Bank of America (BAC), Royal Bank of Canada's RBC Capital Markets (RY) and Deutsche Bank (DB) on Wednesday settled civil charges filed by the Securities and Exchange Commission and the New York Attorney General's office, which accused them of misleading investors of the risks associated with auction-rate securities.
Without admitting or denying the charges, the three firms will provide nearly $6.7 billion to 9,600 customers who invested in auction-rate securities before the market froze in February 2008.
These are the latest settlements in the SEC's wide-ranging auction securities case. Three other settlements were also completed with Wachovia, Citigroup and UBS AG. Meanwhile, the SEC announced a preliminary settlement with Merrill Lynch last August, but a final settlement hasn't yet been reached.
"Through these latest settlements and prior ARS settlements with other firms entered into by the commission, more than $50 billion in liquidity is being made available to tens of thousands of customers so they can get back all of the money they invested in auction rate securities," said Scott Friestad, Deputy Director of the SEC's Division of Enforcement.
Preliminary settlements with Bank of America and RBC were first announced in October last year, but Wednesday's announcement represented final agreements with the firms.
According to the SEC's complaint, which was filed in federal court in New York City, the three firms led investors to believe that auction rate securities were safe and liquid investments that were comparable to money markets.
They made these claims, the SEC alleged, while knowing that their ability to support auctions by purchasing more auction rate securities had been reduced with the stress of the growing credit crisis.
When the banks stopped supporting the auction-rate securities market in February last year, customers were left holding billions in illiquid auction-rate securities.
Under the terms of the settlements, which still await court approval, Bank of America customers will have $4.5 billion of liquidity restored. RBC customers, meanwhile, will have $800 million in liquidity restored and Deutsche Bank customers will have $1.3 billion in restored liquidity.
Each firm will offer to purchase auction-rate securities from individuals, charities and other businesses that purchased the securities even if those customers have since moved accounts.
They also must work to provide liquidity solutions for institutional investors and other customers. In addition, they must pay eligible customers who sold their auction-rate securities below par the difference between the sale price and par.
New York Attorney General Andrew Cuomo's office finalized deals with Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM) and Morgan Stanley (MS). In total, 11 firms that the office has reached agreement with have bought back $61 billion of ARS from investors. Citigroup Inc. and UBS AG in December finalized their deals with both the SEC and Cuomo's office. All the companies still need to provide liquidity to the ARS market.
Cuomo said Wednesday his investigation into the sale of ARS by other companies continues.
-By Sarah N. Lynch, Dow Jones Newswires; 202-862-6634; sarah.lynch@dowjones.com "
http://online.wsj.com/article/BT-CO-20090603-713090.html#articleTabs_article
Jury Trial Demanded For Counter Claims 15 - 18
http://wmish.com/doc/gov/0603/JPM_V_WMI_-_ANSWER.PDF
2nd UPDATE: SEC, NY AG Finalize ARS Settlements With Firms
JUNE 3, 2009, 3:54 P.M. ET
" By Sarah N. Lynch
Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Bank of America (BAC), Royal Bank of Canada's RBC Capital Markets (RY) and Deutsche Bank (DB) on Wednesday settled civil charges filed by the Securities and Exchange Commission and the New York Attorney General's office, which accused them of misleading investors of the risks associated with auction-rate securities.
Without admitting or denying the charges, the three firms will provide nearly $6.7 billion to 9,600 customers who invested in auction-rate securities before the market froze in February 2008.
These are the latest settlements in the SEC's wide-ranging auction securities case. Three other settlements were also completed with Wachovia, Citigroup and UBS AG. Meanwhile, the SEC announced a preliminary settlement with Merrill Lynch last August, but a final settlement hasn't yet been reached.
"Through these latest settlements and prior ARS settlements with other firms entered into by the commission, more than $50 billion in liquidity is being made available to tens of thousands of customers so they can get back all of the money they invested in auction rate securities," said Scott Friestad, Deputy Director of the SEC's Division of Enforcement.
Preliminary settlements with Bank of America and RBC were first announced in October last year, but Wednesday's announcement represented final agreements with the firms.
According to the SEC's complaint, which was filed in federal court in New York City, the three firms led investors to believe that auction rate securities were safe and liquid investments that were comparable to money markets.
They made these claims, the SEC alleged, while knowing that their ability to support auctions by purchasing more auction rate securities had been reduced with the stress of the growing credit crisis.
When the banks stopped supporting the auction-rate securities market in February last year, customers were left holding billions in illiquid auction-rate securities.
Under the terms of the settlements, which still await court approval, Bank of America customers will have $4.5 billion of liquidity restored. RBC customers, meanwhile, will have $800 million in liquidity restored and Deutsche Bank customers will have $1.3 billion in restored liquidity.
Each firm will offer to purchase auction-rate securities from individuals, charities and other businesses that purchased the securities even if those customers have since moved accounts.
They also must work to provide liquidity solutions for institutional investors and other customers. In addition, they must pay eligible customers who sold their auction-rate securities below par the difference between the sale price and par.
New York Attorney General Andrew Cuomo's office finalized deals with Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM) and Morgan Stanley (MS). In total, 11 firms that the office has reached agreement with have bought back $61 billion of ARS from investors. Citigroup Inc. and UBS AG in December finalized their deals with both the SEC and Cuomo's office. All the companies still need to provide liquidity to the ARS market.
Cuomo said Wednesday his investigation into the sale of ARS by other companies continues.
-By Sarah N. Lynch, Dow Jones Newswires; 202-862-6634; sarah.lynch@dowjones.com "
http://online.wsj.com/article/BT-CO-20090603-713090.html#articleTabs_article
2nd UPDATE: SEC, NY AG Finalize ARS Settlements With Firms
JUNE 3, 2009, 3:54 P.M. ET
" By Sarah N. Lynch
Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Bank of America (BAC), Royal Bank of Canada's RBC Capital Markets (RY) and Deutsche Bank (DB) on Wednesday settled civil charges filed by the Securities and Exchange Commission and the New York Attorney General's office, which accused them of misleading investors of the risks associated with auction-rate securities.
Without admitting or denying the charges, the three firms will provide nearly $6.7 billion to 9,600 customers who invested in auction-rate securities before the market froze in February 2008.
These are the latest settlements in the SEC's wide-ranging auction securities case. Three other settlements were also completed with Wachovia, Citigroup and UBS AG. Meanwhile, the SEC announced a preliminary settlement with Merrill Lynch last August, but a final settlement hasn't yet been reached.
"Through these latest settlements and prior ARS settlements with other firms entered into by the commission, more than $50 billion in liquidity is being made available to tens of thousands of customers so they can get back all of the money they invested in auction rate securities," said Scott Friestad, Deputy Director of the SEC's Division of Enforcement.
Preliminary settlements with Bank of America and RBC were first announced in October last year, but Wednesday's announcement represented final agreements with the firms.
According to the SEC's complaint, which was filed in federal court in New York City, the three firms led investors to believe that auction rate securities were safe and liquid investments that were comparable to money markets.
They made these claims, the SEC alleged, while knowing that their ability to support auctions by purchasing more auction rate securities had been reduced with the stress of the growing credit crisis.
When the banks stopped supporting the auction-rate securities market in February last year, customers were left holding billions in illiquid auction-rate securities.
Under the terms of the settlements, which still await court approval, Bank of America customers will have $4.5 billion of liquidity restored. RBC customers, meanwhile, will have $800 million in liquidity restored and Deutsche Bank customers will have $1.3 billion in restored liquidity.
Each firm will offer to purchase auction-rate securities from individuals, charities and other businesses that purchased the securities even if those customers have since moved accounts.
They also must work to provide liquidity solutions for institutional investors and other customers. In addition, they must pay eligible customers who sold their auction-rate securities below par the difference between the sale price and par.
New York Attorney General Andrew Cuomo's office finalized deals with Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM) and Morgan Stanley (MS). In total, 11 firms that the office has reached agreement with have bought back $61 billion of ARS from investors. Citigroup Inc. and UBS AG in December finalized their deals with both the SEC and Cuomo's office. All the companies still need to provide liquidity to the ARS market.
Cuomo said Wednesday his investigation into the sale of ARS by other companies continues.
-By Sarah N. Lynch, Dow Jones Newswires; 202-862-6634; sarah.lynch@dowjones.com "
http://online.wsj.com/article/BT-CO-20090603-713090.html#articleTabs_article
The Best Way to Rob a Bank is to Own One
Great interview!
From Lawrence's post.
hahaha
"I would speculate it is a pretty strong posture they are taking And I am guessing the buyout negotiations ended at $36.50"
Love it!
It took about 30 seconds to open on mine. I have a newer HP, and it's super fast, but it has Vista, and with Vista comes certain problems.