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Alias Born | 02/23/2010 |
Tuesday, July 31, 2018 6:39:56 PM
As I said a week ago.... be prepared for the dilution effect and the pain that will follow. This is a very big boy game and we are small cheese. I expect they will crucify this stock a few more times. I sold a good portion of my holdings high 1.40's a...the boys can't help themselves because most are not driven by hope,fear,greed, and alike...its bsn. To these guys it is just to easy. The day the wink and the nod comes they will be on the right side of the trade.
I expect more pain in the short term. I am not holding out a lot of hope on WMIH for sometime. Personally I feel towards the end of the year we may see some action in. I feel as though Escrows will see some form of restitution I just can't figure out the mechanics of it yet as we are still seeing the view from the rear-view mirror; as the won't let us look out the front window.
Personally I see some trading opportunities in the short term as they want to flatten and scare dilute suck up as many shares as they can before the cut the anchors loose....
Just my thoughts and observations based upon what I have read, know and seen. With that being said I probably will be dead wrong but with escrows and signed releases it really wont matter you are in or out and you will win a penny or a pound.
Good luck to all
Regards,
B
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