Oh my lord.. I've just gone through all the posts, what a laugh (especially from the newbies).
Come on let's get real... There is no low, no high for this stock... period!!...No technical data and no amount of time focusing on charts is going to answer what's going on this week.
Who cares if this goes from 0.40 to 0.04??? Or from $0.40 to $0.75 or higher.
Yesterday, EVERYONE speculated the price went high because of good news leaks from the settlement - So today it must be bad news leaks from the same settlement... yeah right???
If you're here LONG for the BK case, understand the issues, see that WAMU has JPMC on the ropes and realize this could be over any day, then the stock price day to day is 100% totally irrelevant. If you're here for pennies great, enjoy the fluctuation up and down this week... If you sold yesterday you made a couple of thousand dollars yippee, congratulation.. Today you may have lost a couple of thousand dollars boo hoo...
Yesterday my portfolio looked healthier but it's still way healthier than at 0.08!! PLUS NOW I can add more at the price I wanted to before yesterday and know I've got an even bigger bargain.
To me it's crap. I'm here to convert my holdings to dollars, every last one of them, I'm not selling, I'm buying all the way up to a $1 a share and then just hold 'em until the gavel comes down and this case is decided.
400,000,000 million shares traded in 5 DAYS... Of course there's going to be speculation for and against. THIS IS THE STOCK MARKET!!!
Good to see all the longs still staying focused on the end game.
