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Between my 4 accounts and the accounts I am an advisor for we hold over 100K WAMUQ shares. I am always looking for ways to aquire more shares.
Today I advised on selling other shares that had made a small profit and invest into this stock for the easy money that is headed our way. IMHO
Well said.
Why chance a few more shares on missing out on the party of the decade!
Buying in at .155 to .199 is still a bargain of a lifetime and missing out because it did not drop to .149 is not only STUPID but FOOLISH as well.
That is like cutting off your nose to spite your face!
Nope only in it for the easy money that will be made with this stock.
From the posts I have been reading the last 2 months I am in for the party of a life time.
Hoping to meet some of the investors in Vegas in a few weeks if this plays out like I think it will. IMHO
I picked up 50K shares at a song.
Can hardly wait to spend the easy money that will bring.
I have been out of work since Feb 2009.
I have been making more money in the market than if I had worked the year.
Flipping stocks makes my account rise, which makes me very happy.
This stock has been my favorite for flipping and making me rich.
I keep hearing that the tide is turning in the job market but as a Mechanical Engineer I am not needed currently as no one is making product or developing new products due to the tight money supply and low consumer confidence.
Keep investing in GGWPQ as it is a sure fire winner down the road.
That is a tough # of shares to flip but it can be done if you notice the price rise $0.90 or more you will after selling and buying back when the price drops back to the days starting price will net you 5-7 free shares. Just a thought.
I had to miss out on todays rise and fall because I had to take my wife to the foot doc and missed the rise to 11.50. I do not believe that today I will flip as the clock shows only 39 minutes left for todays trading. Tomorrow may be another story.
I missed out on approx 470 free shares today. Maybe tomorrow the rise and fall will be a greater differential and make me even more free shares.
Do not be afraid to flip your 122 shares or you will never get to 200 shares which lead to 300 shares ect ect ect.
I picked up 20K @.159 today and am building up a nice future payday when this is unfizzled in the courts.
IMO I believe it is in the best interests of both JPM & FDIC to get this done and as quietly as possible.
Turning up the heat may get the attn of ATTY-GENERALS of many states which have a political agenda to grind an axe with the FDIC and JPM as targets for a nice juicy governship to one or more of the ATTY-GENERALS.
Politics may come into play in our favor with us not even knowing why a simple settlement came about.
If you have at least 500-600 shares you flip the existing shares not new shares.
Example: if you only have 500 shares and the price rises $.90 on Tuesday you sell all of your shares and wait for the fall back which will happen later that day. When the shares fall back to only a $.30 rise for the day that means it dropped $.60 from where you sold at. You take the profit and buy back shares with you subtracting the trade buy fee first and you will see that you have more money to purchase 20-30 more shares than what you started with. That is 500 X .60 = $300.00 minus your sell and buy back fees which should leave you with $270.00 to $286.00 profit for the day flip. At $11.00 a share you will have an additional 24 to 26 shares.
I am only in for the short term profits of 500K to 700K.
I plan on using this to buy high paying dividend stocks and live off the high dividend payouts which will be on a monthly basis.
This is just an end to a means for me.
I took notice of this company back in Jan of 2009 and have already made profits by flipping the stock a few times.
My current position is at $11 a share but if looked at from a pool of money and how many times it was flipped I am really at $5.00 or so a share due to the higher share count that I have collected so far. I have had good success in flipping this stock and will continue to do so in the future.
Every time I have flipped I end up with 500 to 700 more shares no matter what the price I sold at, as I buy back in on the drop and get more shares that way.
Good luck with your long term vision of this stock.
I believe like you that the real estate market will recover nicely and you should see a rise in your investment.
I am only waiting for GGWPQ to finish refinancing the loans and getting out of BK at which time the share price will rise to the 37-45 range at which time I will part ways and get into my other investments.
I do not believe that GGWPQ will attain $50 a share unless Simon Properties makes a move to try to aquire GGWPQ then who knows what the share price will rise to.
Experts are mixed on the value of GGWPQ some are saying $23-$30 others are saying $37-$43.
What that means to me is everyone has an opinion of the stock price but only the market will determine it after GGWPQ comes out of Chapter 11 BK.
What we are now waiting on is more news of additional mall loans being reloaned with a lower interest rate like the 166 malls todate.
Plus the 3 office building loans as well.
But the fact that GGWPQ had profits to send the stockholders way to keep the REIT status is good news for us.
No way would they have been allowed by the debtors to send money out if the outcome of this was in doubt.
I called Scottrade myself this morning when I saw the same thing and was puzzled by the stock symbol.
Got the info on that is GENE.C1 is a holder for GGWPQ dividend that Scottrade uses until it is posted on the 1/29/2010 I believe.
Seeing the stock price fall is good for us stock holders of record of 12/28/2009.
The average price that will be used is the average price on the following days: 1/20 1/21 & 1/22 and the average price for each day will be averaged over the 3 days as well.
Do not be supprised if the stock price falls to $9.00 next week as MM may try to increase the # of stock dividend shares they will receive by lowering the stock price which should increase starting on 1/25 IMO.
This will give us a short term gain on the dividend shares we are awarded. IMO
I have 3M shares and do not plan on picking up any more as I feel this is a scam and for $900 I am content on seeing the crooked get fried for scamming the public. Can not help but wonder who is auditing this company for the last 5 years and what the stock holders report showed as assets & negative assets were.
The auditing company should get ready for a class action lawsuit if they looked the other way on COOKED BOOKS to fleece the general public on buying in on this company.
Read what I wrote!
MINORITY SHAREHOLDERS have no say in the real world of contracts.
A few assets for "THEIR TROUBLE"?
You have to be kidding right?
They made the trouble with the actions of STEALING WAMU from hard working people who now want a pound of flesh(make that a ton of flesh) from you know who from JPM and FDIC heads.
They should be looking over their shoulders for the FBI who will be carrying HANDCUFFS to arrest these crooks/thieves with the intent of locking them up for life and longer if possible. Their bones should be left to rot in a cell dug 1000 feet underground below a septic system of the foulest possible nature.
There is still the request for dismissal that is holding up the DANCING IN THE STREETS by WAMU stock holders.
The price will rise when the EC is approved and the request is dismissed by the judge.
Who gives a rats azz what the MINORITY OWNERS wishes are, they are MINORITY OWNERS and really have no say in the final price.
In the real world the majority owners make all decisions and if you are stupid to be a minority owner you get what sell price is decided by the majority.
This placing the blame on the MINORITY OWNERS a smoke screen to the real world scam that is taking place.
Did anyone catch the news of JPM giving away all of the office supplies of Washington Mutual?
WaMu supplies go to nonprofits
SEATTLE – Beginning today, JPMorgan Chase will be giving away what’s left of about $3 million in office supplies from the former headquarters of Washington Mutual to about 300 Puget Sound schools and nonprofits.
As the company prepared to leave 39 floors of former WaMu office space, in the wake of the bank’s collapse and the takeover by Chase, a couple of employees gathered up all the office supplies.
The giveaway begins at 9 a.m. today at an off-site warehouse stuffed with whiteboards, paper and staplers. Doors will be open to two or three nonprofits at a time.
The company told seattlepi.com the giveaway will continue each Saturday until all the supplies are gone.
Does this seem arrogant to anyone besides me?
The stock has been rising and falling 2 out of 3 days.
Just look for a large rise and sell like what happened on both 1/7 & 1/8.
Both days the stock rose to $12.95 & $13.00 then you wait for the initial fall of around 2-3 cents and then sell.
The stock then falls $0.50-$0.70 per share and you buy back in, increasing your share holdings depending on the number of shares you had to start with.
Just make sure you do not use unsettled funds when selling the shares to start with.
But if your shares are settled you can sell and rebuy back in but then can not sell for 3 days until the initial sell is settled.
One way to beat the system is to only sell 1/3 of your initial investment and buy back in. That way you can do it every day without any violations to the SEC rules on a free ride.
But make sure before you start your sale that there is NO NEWS comming out on the refinance or anyother good news which will propel the share price without a drop back later in the day.
The time frame to sell is usually between 10-11 EST and the buy back time frame is usually between 12-2 EST.
Hope this helps you to increase your share for the really big kill that will happen when this stock gets out of BK and the share price rises to 37-60
It will but $0.19 is even cheaper.
So get in and reap the future rewards.
matey?
U either in seafaring job or Austrialian
Why would anyone buy at $5.00 when the market is only at $0.19?
U need to hang on like the rest of us, if the WILDRIDE we will soon be on is too much for you, U can sell at $.19 now and avoid the stomach churning rise of this WILDRIDE!
Is showing a nice rise today, you may consider flipping your stocks today.
Sell around 12.95 and wait for the afternoon when the stock will drop to 12.50 or lower and buy back in and increase your position.
Boy has this board gone quite lately.
I flipped my GGWPQ yesterday and got 502 free shares on the rise and fall of the stock price yesterday.
Nice gain if I say so myself.
That is where U are wrong Sculelos!
This is not a bank failure but a BANK HEIST that JPM and the FDIC did a criminal act which they are now trying to cover up with one false claim and other acts which show they are in the WRONG and are trying to get out of the criminal charges which most likely follow when this info get the attn of the ATTN GEN's office.
Well said John
As I am 58 and I still do not consider myself a stock GURU, so how can a wet behind the ears Sculelos even justify making any comments to this board unless he is with the opps and is trying to discourage the faithful who have stock and want this resolved and have the guilty punished for their actions which caused so much harm to the older pop like myself.
Paunch13
Just messing with U!
Hey maybe PAUNCH13's company is buying the mines and he can not say.
I just bought 8000 thru my Scottrade account just minutes ago
It only took about 4 minutes to complete the trade online.
I did buy at the ask price.
I have a Scottrade account and WAMUQ is not on any type of hold selling or buying.
MR K
You are foolish to think that FFGO management cares on who owns the stock.
If they are trying to screw the stock holders they could care less who that is.
If they are trying to reward the stock holdes the same applies.
There is no way to force out the new owners of the stock.
It broke .18
DOWN TO .001?
You mean up to .001 as it is only at .0003 now but would drop to .0001 when I would jump in and buy buy buy.
Do your own DD never and I mean NEVER rely on someone elses thoughts on what you will do.
You either have the nuts to get in or sit on the sidelines and watch us make money.
Mike
If no news means that FFGO drops investors like me will suck up the stock for future profits by taking the chance this stock will rise on the sale of the 2 gold mines which may take time due to the size of the sale and the price changes in gold.
Its only money
Buying stocks is like legal gambling for anyone.
You buy and hope your BET HITS BIG TIME or you dump and get into another stock.
You can not make money sitting on the sidelines watching everyone else make money and crying why did I not take a chance.
Hey
I am the only one to go on a WILDRIDE if you do not mind!
HEE HEE
I owned Washington Mutual common stock back in Aug of 08 and sold when it crashed. I got back in to try to recoup my losses and hope to make a few thousand profit if this stock comes back to $7.00 so GOOOOOO WAMUQQQQ