Washington Mutual Preferred fka WAMPQ

[steved_45]

It's not clear what this means:

estimates he probably made 10 times his money in Washington Mutual

10x his money that he previously had in stocks, that he had in WaMu before it got wiped out, 10x more than he would have made as a computer techie...

See my analysis of how half-assed the journalism is concerning the stock price on my previous post. It's freaking great that they quote the H's at 16 cents. LOL. Personally, I think it's not as good for equity as it could be b/c I think if they would have said that he bought them for pennies and now they're worth $15, I think more people would be like 'hell ya' and dump some money into equity securities on Monday thinking there's still a chance to see that kind of return. But, I know that WaMu has a biiiiiiiiiiig investor base that will drive the price up Monday anyway. I just think that things could have gotten even crazier next week. That's all.