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Sunday, December 04, 2022 3:07:54 PM
In fact this was the Modus Operandi with WaMu... After the BK exit, one fine day without any notice WMIH started trading at $1.00 and a whole lot of confusion was 'deliberately' sowed by the powers-that-be and they wouldn't confirm more than 1 month after that occurred that in fact WMIH stock was the 'emergent' WaMu stock. In the interim 'Fog', 'friends & family' of Hedgies and other bigwigs 'loaded up the truck' on WMIH for as low as 36C. Just on a hunch, I loaded up a lot of additional stock at $40-42C range. Then it exploded all the way up to $3.50+ within next 6 months. Then the PPS was 'Pushed Down' again and an R/S of 12-1 was done(obviously the Insiders knew this was coming...) and price pushed down all the way to $4.00. Now, stock trading in $42-45.00 range . Wall Street full of 'Insider Trading' and is not for the Faint-hearted...
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