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Re: None

Friday, 09/25/2009 2:42:44 PM

Friday, September 25, 2009 2:42:44 PM

Post# of 736089
Summary of Hearing today:

1.- Now we know the 4B will be ruled in max 15 days. With Logan's deposition ... it's game over ... money in the pocket.

2.- JPM NOTICE of divesture ruled as "Frivolous" / BK court keeps moving. ... (for a top firm as S/C the word "friovolous" should sound tough and ashaming)

These two points are not anymore my words, any poster words, neither WMI'S lawyers's words ... these are the judge words. ... finally we do have a deadline for the 4b summary judgement.

Now speculation:

Potential upsides (or downsides) for the next days/weeks: Sleet's answer( + or -) , possible subpoenas coming out of discovery ( always +) , possible settlement anyday/week/month/year ... (if it happens it would be a +, I guess we all strongly agree on this)

So what's the summary about today?

It could have been better. I do agree.

But now I do know that in about 15 days my shares will be worth -at least - several times what they are worth today - just and only considering the 4b ruling deadline.

... we longs, are in the right track, ... bumpy track, but the right track. .... whales have loaded millions of shares above 0.3 ,,, $Millions...

I was so scared when we touched $0.02, I used to be so happy with pps at $0.08, it was so comforting witnessing WMI sueing FDIC at the DC, I used to be so relaxed when we beated $0.1, I was so exited when THJMW rejected JPM's and FDIC initial motions to stay and dismiss, it was so great when we touched 0.2 and then stabilized around 0.l2. ... ..... now we touched 0.4 ... but I see some people depressed at 0.27


so what?? .... just relax and have a great weekend... we are just doing great!!

so what? .....

if you are in a hurry and you need cash or you are a daily trader, sell and go on, you are doing right. , if not ... just hold and move on. you are doing right too ... it's not such a big deal in the medium/long term. ... and this is the term that really matters...

barely anything significant in my life - and I consider myself lucky (even before this )- has moved so well as this investment in such a short period of time. ...

cheers ...





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