Washington Mutual Preferred fka WAMPQ

[Chiron]

You do realize that the FDIC is now not on board with this proposal?

Now, why would they not be on board with getting money back as Rosen stated on 3/12?

Simple reason; they know that if this were to go through, they would face civil shareholder lawsuits, and God knows what else. It also proves they siezed a solvent bank.

I remember the last time you were negative on preferreds, we were in the 20's or so after Rosen bashed us. In fact here is your last post prior to 3/26:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44683724

'Smart money sold...'

That was the day we went from the 40's to the 20's, and rebounded to $27 or so. Smart money sold in the 20's?

Just 12 days later the PQs ran over $100. I personally don't consider it smart to panic sell in the 20's, and then watch the pps go to over $100 in 12 days, lol.

I feel bad for those who got shook out on 3/12, but this POR is not anything surprising at all. The panic sell was 3/12.

We actually have quite a bit to look forward to over the next several weeks and into May. Will we dip Monday? Maybe, who knows? But this story is far far from over. I think you even know that.