Oh I'm literally rotting in here. Matt locked me up and threw away the key haha. I think it was because I am better looking and it upset him ;)
My only issue with WAMUQ is that it is worthless. There is a reason the stock plummeted to .01 per share. All this "liquidity" could simply be one major hedge fund flipping it to make money and attract traders who are hungry to make up losses.
See, in the penny world very few really buy a stock based on its fundamentals. The only thing that matters is liquidity because the simple fact is the penny market rarely has this kind of liquidity.
I'm sure whoever is working the stock over is bleeding out profits as they go. Eventually they will pull the rug out from everyone. That is what makes it a scary play, you never know when that rug is going to get pulled. Hell, they may run it to $1+ per share before doing it. Or they could start at the opening bell.
All these people thinking that somehow WMAUQ is going to be worth something, or that it can magically survive is obviously clueless. WAMUQ went BK, and the Government stepped in and assisted/backed the merger. The common stock of WAMUQ is worthless, period, end of story. Any amount of assets they may have will be liquidated to cover the BK. Common shareholders will get nothing.. again, that is why a NYSE stock went to .01 before some shady hedge fund, or big group bought it up to run this massive pump and dump that is going on.
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