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Re: OrnateSilk post# 49321

Monday, 12/29/2008 6:41:00 PM

Monday, December 29, 2008 6:41:00 PM

Post# of 729697
My sentiments exactly. How can you argue that?

If JPM does the smart thing and takes everything like Dragon posts for around $15 a share, I will be an overnight millionaire (after taxes) and well damn wont that be dandy?

If there is a buyout at $10 per share, I will be a millionaire before taxes....but still not complaining. Take the 35% and put it toward the bailouts! I'll happily pay my share.

If--as I suspect--WAMU comes out of bankruptcy, merges, or there is a deal outside of JPM, and the pps is between $2-$4...I can pay off my house, keep my beautiful corvette, quit my 2nd job, and have a smile of contentment on my face.

If I lose the remainder of my WAMU investment--which is a possibility--all I lose is another $3,500 or so. So, the possible above scenarios are worth the risk of the remaining balance of my initial 40k investment. I will still be looking to sell my Corvette. I will still be working two jobs. My house mortgage will keep getting paid. And I will shrug my shoulders, quote the old luvs commercial: "live and learn" and move forward, head high, just as always.

I'm ready to wait up to three years or so to figure out which of the above scenarios will be my fate. I can guarantee you, one of them will come to fruition.




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