Longs holding positions in Wmih stock.... do not be discouraged by the action in this mornings trading after the vote friday to merge these two companies... it is obvious that the trading desks, and hedge fund traders do not want to make a "quick kill" for a meager profit, else they would have raised the price to draw in retail trade this morning...they know retail is chomping at the bit for this stock to take off with any positive news... MM could have made a neat profit today, BUT THEY DONT WANT A QUICK PROFIT... THEY WANT YOUR SHARES... Nobody, and I mean no one wants you to hold this stock... they want you out, and they are doing it very slowly like the chinese "water drip torture"....we are holding the winning ticket here, and they want it... lets be real... where in the world can you buy a financial company, with bright future prospects, for 1.34 dollars!!!... this price is even below the parity price of 1.41, and the new has not even sold one mortgage application!!!!... does any one believe KKR took a position in common stock for 600 million of other peoples money, just to see the price stagnate at 1.34 in perpetuity???...would KKR scuttle their own investment by shorting the stock, once the merger is finalized???....is Wmih going to sit "on their duff" and not write any business contracts and just let the runoff mortgages run out....? did NSM agree to a merger to see their current 18 dollar offer wither away at 1.34??...Did Steve cohen join the common stock holders, just to let his investment wither at 1.34, as well as Larry Fink (the king whale here)?... some of the biggest names in finance are holding this stock... so whats my point.... MM don't want to make quick money here... THEY ARE HERE TO DRIVE YOU OUT AND GET YOUR STOCK...PERIOD.... Lodas (only the strongest climb Everest)
