Sunday, November 29, 2009 1:32:30 PM
That was the pattern at year end last year for both WAMUQ and LEHMQ. I had major losses and I didn't want to take them in 2008 because I had enough losses to write off. So I sold early in 2009 at around .04 and got lots more at .02-.03. Got most of my money back on WM and made 20k from LEH with 125,000 shares bought at .05 later
If theres no settlement soon, the guys who have huge gains since March will sell there big losses to off set big gains. So it very well could go there again, so if you believe then get some "dry powder" ready because the BIG DOGS have lots of shares to sell and they'll buy back 30 days after they do.
It's a GAME...of when to buy and when to sell. Know the rules and the reasons why people play. I'm just a guppie, too small for the sharks to care about. :)
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