Learning the Ropes of Day trading
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Manipulation at it's finest
Glad i sold i guess
Capital Gain is going to screw me this year cause of wamu
I won't Lie today was the first time since Feb I've sold
I sold 1 block at 250 @ 45.5
I sold 2 block @ 204 @ 43
I still hold 200+ shares but I'll buy back later I messed up and didnt sell last run to 45and i regret it I wont regret it this time unless we don't hit the 30's again or a settlement happens which both I highly doubt will happen today but you never know that is the risk of selling
K to P conversion
Here is the reason
K's have potential of 25
P's have potential of 1000
K's = $1.10
P's = $43
k's are 4.5% of there potential payout
P's are 4.3% of there potential payout
I withdraw my statement last time i checked K's where 1.34 which would have been at a much higher percent potential.
Now it looks like they corrected and are now equal.
Remember P's at 2 & 3 dollars >< wish i loaded
45 is are resistance from last time. We have to low of volume if the court case goes well then I can see it SMASH the resistance point
I think everyone is just waiting to see what happens from here
Hey I love the green In my portfolio but I wish I had K's to flip into the P's. K's are so over priced it's pathetic
45 was are resistance we don't have enough strength to break IMO we close below 42. Just my opinion take it or leave it for what it is
Equity comm. Reps all Equity. P's K's Q's Q's get 0 if we don't get full value period thats a fact
Bro I've been Here before you know what wamuq was. I disappeared because we have to many Pumpers/Bashers.
You want me to print a picture of my holdings.
I dumped all my Q's into P's feb. I hold 754 P's at the moment.
In P's alone I have a portfolio of 26201 atm.
Check my history I've been here a very long time not a basher/Not a pumper
Im a realist and an A$$ with $ :P
I was born Negative :)
I have doubts on that prediction. I'd say at most 50$ then they will average down. There is no room for whales most of the shares are strongly held. 20-30% will be when this is a sure deal. 50%-70% when it's all done. 100% when liquidated or exchanged for P's in another company
we are talking about two "different" things.
I'm talking about Net worth which would be the 300 billion
your talking about the "assets" which would be what ever money wmi has on hand ect.
I'll have to admit P's are on lock there isn't that many shares floating around I'd guess less less then 1/30 or 100,000 floating around. (now that is being "EXTREMELY" conservative) remember there are only 3million P's
Let me explain something to you (Not to be rude) just educational.
When a company (mainly banks) are said to have 300 billion, in assets, it doesn't mean they actually have 300 billion dollars it's just the amount they hold.
Deposit accounts count towards that
Property value add towards that
Loan portfolios add to that as well.
When they say JPM acquired 300 billion in value from WMI it doesn't mean they gained 300 billion it means they gained those values as stated above.
if you think about it in simple terms. "if" wmi was worth 300 billion dollars 1.7 divided by 300 billion would = over 100 dollars a share. But as you can see that is not how it works.
Actual cash on hand after liabilities are what a company is really worth.
I really hate when "people" say the bank had 300 billion plus assets and was bought at 1.9 billion.
You got to understand those assets count:
deposits.
Pension plans
insurances
properties
Loans
ect.
The number you need to look at is total Assets "IN HAND"
and total Liability to find out the correct number.
As of right now about 16 billion was "IN HAND" when wmi was taken over. I'll research the proper documents to give the total number.
JTR just a big D*** today sorry
Yo GN send me a email bro
Streetarson@gmail.com
Miss ME!!! still watching from above! Still holding strong and loving every second of it. Looks like it might run soon so lets see what happens. I dont expect a ruling until November unfortunately but I enjoy seeing green
But they need some sane people on the board or else it will go out of control
hehe I love WMI it's a great investment IMO... I wouldn't leave forever but I'm glad the board has much more useful information. Poor poor guy forgot his name .02 a share anyone LMAO he was a funny guy
Hey all what did i tell you!!
Sit back relax and enjoy the summer posting everyday drives you nuts with the bashers/Pumpers. I'm glad we are seeing things headed into the right direction.
IRS settlement soon
JPM appeals rejection soon
4bill turnover coming soon
we have so much coming don't be suprised if there is a settlement soon BUT I warn you sit back relax and await the storm if JD decides to drag this out as long as possible.
GL I'll be watching :)
JTR
JAY
JTR over and out
contact me at streetarson@gmail.com if you need me
All you need to know here...
The judge has ruled in our favor in every aspect. What that tells me is our WMI team knows what we got and is just tighting the noose around JPM legal team.
There is always going to be things to DD but I'm convinced we will definately make enough money to cover prefereds and give commons something.
I don't know what the commons will get maybe more maybe less then expected.
Just sit back walk away from the computer and buy shares on the cheap when they drop. We could be here for awhile but patients pays. if you think you missed out on getting shares for cheap let me tell you..
THEY ARE ALL CHEAP RIGHT NOW :)
JTR reading/watching from above.
Waiting game>>>> I'm still here.... Just not posting guys...
Love
JTR
Don't expect any HUGE jumps...
This is a waiting game... Take it Month by Month
Not day by day
JTR
ONLY POST OF THE DAY
HOLDING LONG AND STRONG FROM ABOVE
Going Up THEN down MM got ya
Come on this doesn't run on news like most think...
DUH
ONLY POST OF DAY
FLAME ON
HOLDING LONG AND STRONG
still waiting to buy I saw this dipping awhile ago lol
Z is being honest he's been here since the beginning and has done nothing but help the WMI cause. Don't hate help.
IMO
FROM Z:
Even Weil is not optimistic. We NEED an Equity Committee 36 minutes ago
There is a very good chance that we will be left out in the cold. All the conversations I have had with Weil indicate the same......
It has happened time and time again.....when the dust settled, the shareholders stood around with nothing, looked at each other and said 'wa happened?????'
And an EC can certainly not hurt our cause, only help it.
We can't afford to wait either......they could settle those 2 suits at any time, and without an EC we have no say in how much they settle for, or whether they go to jury trial against them.......that is JPM's worst nightmare to appear before a Jury.....
yes i understand this...
but In bk court debt can be fast forwarded to present date... It's usually up to the Company & Creditors agreement wasn't sure if any agreement was ever struck at any time.
JTR
to all,
Can anyone Confirm or Discredit this...
When WMI went into BK was DEBT fast forwarded to 8 Billion or Is it still long term Debit..... Trying to pin this one down. I've heard both but still no proof
Yea i see it as a great sign IMO
we might run but remember
That money would be used for creditors/reconstruction
but we would still see some kind of run
If you want Let me see if i can get ahold of it... Was it taken down or something or is it still up..
I'll check my mail in the morning kinda tired
just alittle sarcasm sorry
Nothing new since that 350 page document :(
I read one of the billings
so far nothing new or out of the ordinary... I can't wait any long WEILS where is my billing statement i want i want i want
Yea tell me about it
Miami beach = flooded out... I love it crime goes down when it rains