Sage words. I agree. The trick is timing your exits from your equity positions so you maximize profit. When will the crash happen? Some have said after the Presidential election and others have said as soon as May 2016. So who knows? But that's the tough part: Timing.
Whatever the reason, it still doesn't negate the reality that WMIH is not up along with the plunge protection teams protection of others. WMIH just wallows in the mud watching it all go by.