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Re: dmceng post# 46336

Saturday, 12/13/2008 6:02:06 PM

Saturday, December 13, 2008 6:02:06 PM

Post# of 729871
I agree something big (positive) will have to happen. WMI, I do not understand why so many people are worried about the A/L's. When WMI filed chapter 11, this was the Saturday following the seizure which was on Thursday. WMI stock traded after hours on that fateful Thursday, down to around 16 cents or so. WMI filled out the chapter 11 paperwork on that following Saturday. If they had a lot of WAMUQ stock they would have figured at the price it was post seizure. WMI said they had 32 billion in assets and 8 billion in liabilities, so why on earth would they lie, knowing the truth will be out in three or four months. Wall Street is scared to death of bankruptcy, and quite frankly the majority of Wall Street have lost interest and I consider this the best opportunity I have ever seen on the street. Keep in mind WMI is far from bankrupt and the only reason they entered bankruptcy was to shelter themselves from the illegal seizure and a host of other illegalities. The reason everybody is so quiet is because the people in the know, know this will fly, but they have to go though the process of six to nine months. All one has to do is hold and increase positions when the bashers beat it down and then at some point Wall Street will find out and they will "Make My Day".

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