Friday, December 05, 2008 2:22:07 AM
If these stocks were going to tank, they would have already done so.
WASHINGTON MUTUAL is not only going to continue to operate, but they are operating as we speak.
Just by looking at their operating report their #s are fine, and that does not even take into consideration the TRUE VALUE of their hard assets.
WM is in a much better position now than they were in before their "collapse" as they have shed the GIANT that is WaMu , which ironically saved them money by eliminating huge costs/liabilities, etc, AND they get to benefit from the inefficiencies of WaMu in the form of the NOL.
WaMu was too big, and it is actually a good thing that FDIC stole it. WMs sums actually make money which is a good thing for everybody.
Don't worry. HOLD STRONG and/or BUYMORE
You are going to know soon enough how this is going to play out and the best thing you could probably do is turn your computer off. If shit hits the fan and the stock tanks, there is nothing you'll be able to do about it anyway. NOne of these stocks are going to tank, but no matter what happens, the results of these events are out of your circle of influence. As you said, you have no choice but to hold, but you should not be skeptical. There is no way that this one is going to end like 99.99 % of BK cases. No f#cking way man!
Have a great night!
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