Washington Mutual Preferred fka WAMPQ

[Chiron]

I don't know Jackson. Things seem to be heading WMI's way here. Those lawsuits won't come out until there is resolution with JPM/FDIC. Why would anyone sue WMI now? It's a BK company with nothing.

If there is a settlement, sure then the lawsuits will come. But you can bet your arse PQ's won't be at $24, lol. Any HINT of a settlement and these are going into the 100's.

Why do you think they are being held here? Simple - the MM's don't want the common joe's to get too many shares. At $24 more than 500 share is out of reach for most people. But they and the big boys can load up quickly if news comes out. Driving this well over $100 where they can load up even more.

Remember the day she ran to $36... and that was on a minor nothing little leak, lol.

With everything that came out this week, man the noose is tightening around JPM here.