Friday, December 04, 2009 5:00:13 PM
I traded LEHMQ for a 20K profit. I've got some LEHJQ "just in case" but I reentered WAMUQ as it's fallen. I BELIEVE and I'm putting my money where my mouth is. If I didn't, then I'd probably regret it. I just hope all the WAMU employees kept there stocks. I asked some right after and they said Chase told them to sell them because they're "worthless" It's all those employees that I feel really sorry for.
I buy and sell stocks. I know the risks, but I'm betting they didn't realize what happened was even possible. Which it shouldn't have happened and hopefully the judge will rectify that problem. 12 would be really good, but being shareholders rejected 8 and we could get damages, I like your 24 PPS much better. A stock swap of 2 WAMUQ for 1 JPM would be close to that price, but JPM will tank on that news and JD will just say, "let us fail" to look good in the public eye.
Sorry, got angry again. (LOL)
Congrats to you WM and GO WAMUQ!
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