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So do you feel that WAMU will be absorbed by JPM? Diamonds' $12 conjecture too high? Or will WAMUI continue in banking? Didn't get the sellng into close but it wasnt huge
So why the sales into the close?
So with all the speculation is WAMU going to end up suing FDIC as Diamond suggests?
I'm kinda thinkin that as well.
What kind of monies..(reasonable) do you see coming back to WAMUI?
Wow..If that happened..would be huge.
A little release to .106 :>
I will sell enough..then wait for a settlement with balance.
If this becomes the scenario.. :>
Thanks..
Nice call burnshorty!
Yes..thanks.
Jerle... So if they were to say settle for $4, would that automatically be apllied toward the share price (commons) and then they continue to trade? Or would it be less after creditors are paid and commons continue trading at a lower pps until/if WAMUI grows their banking operation?
Discovery will be like opening a present each of the 12 days before Christmas....
Yeah I added 100,000 shares as well. Time for Macallum 18 and a good western tonight.
Yes...I agree
Agree...good point. It sucks though.
Reverse the seizure? With the change of infrastructure...signs..people...that does pose as only a very outside possibility. Let's just say for the fun of it that this happened...how would commons be priced?
Don't say that to Diamond...you'll ruin his dream. LOL
FDIC is the crook....If someone offers you $10,000 for $10 you take it.
And A&M are the symbol of assurance we as investors need going forward for the preservation of the commmons...inmho
Either way...I look for WAMUI to stay in the banking bsuiness.
That would look good next to my Ferrari
fsshon...great post.
Totally agreee..
Had to redo mine at $12...Ameritrade cancelled my $15 limit
$1? SLAP IN THE FACE..
Yes true...one has good reason to believe all Corporations are essentially evil. I believe Alvarez and Marsal were brought in to retain common and find a way to move on. We will see.
Not sure...Not much action..most likley everyone in or out just waiting
Yep..forgot about TPG.
.102 X .105 Lst Trade .102
Yep.... 4.8 million volume
They could but I dont think they would do that to shareholders. Perhaps someone here for more knowledgeable on that can answer.
I set my limit to sell at $15. I like looking at it.
H's just jumped on the ask...mm's keeping the bid the same...LOL working it..
I dont think so...WAMU has a heart and most likely a desire to do what is right for the shareholders which they will need as future customers should they decide to BANK ON!
Alvarez and Marsal got Healthsouth (HLS) through it all without BK which was way more difficult then WAMU.
WAMU has commented about exiting BK and $4 billion would help...get relisted and continue on..Alvarez and Marsal are here to help that transition.
What are WAMUI intentions? Get $4 Billion..continue lawsuits and try to come out of BK with commons in tact and start the banking up again...?
Comments?
I have always stated this will not be a "Here's your $12 a share" like diamond believes. Perhaps a slow and steady rise over time IF WAMU decides to take the money and continue in the banking business wihtout destroying the common...
Maybe even a share swap of some ratio...1for 5? It may take time however after (IF) we get back the $4+ billion.
Gosh I hope we don't get their stock in exchange regarding settlement...it might not be worth anything one day.
Agree...Diamond says the same thing all the time