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Re: rockie101 post# 96860

Friday, 09/18/2009 10:50:14 PM

Friday, September 18, 2009 10:50:14 PM

Post# of 735238
I agree with what Rockie says. Most of us have been here for months and have done TONS of reading - court documents, posts on Ihub, post on Y!, and anywhere else we could get info. Because of this we have gotten comfortable with our decision to invest/gamble on these WAMU stocks. Then when it finally starts to show nice movement a bunch of newbies come in and want a five minute recap so they can understand what is going on. It is not possible to condense the thousands of hours of DD that has been done into a short recap. If you want to invest then go back and start reading posts, read the Ibox, follow the links that are provided.

It is interesting (and irritating) to most of the people who have been reading and participating on this board for a while that all of a sudden there is a huge influx of new people wanting to know "whats going on here? I'm thinking about investing." and expecting that we are going to be able to get you comfortable enough to invest a few thousand dollars.

I suspect that almost all of the new faces are flippers that don't care anything about the stock they just want catch the quick ride up and flip back out. Ironically, while most of the long timers are happy to see the small increase in value (and a few may flip here and there while maintaining a core position) we all understand that this is really just entertainment for us while we wait for the real payday.

BTW, just because you bought some of these shares last year and parked them doesn't give you automatic credabilty with most of the regular posters on this board. You have to earn it and the only way to do that is to do enough of your own DD to understand what is going on.

If TPG get paid, ABIGHAMMER gets paid and so do the rest of us. (If you don't understand what that means then you haven't done enough DD>

GLTA See you in Vegas
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