Replies to post #329 on Washington Mutual Preferred fka WAMPQ

[MrPennyIII]

hahawin, I read it last night and thought I would put up the link.
It is a safety play imo too. GLTA

Here both links for everyones reference :

http://www.secinfo.com/dRqWm.4fT99.htm#1stPage


http://www.secinfo.com/dr643.uCc.htm

[hahawin]

I have done some DD on WaMu. although WaMu has some positive assets might attract us,but it is B.K Stock after all, It has to follow B.K procedures to revaluate it with creditors and shareholders. It is still a risky stock to hold. to reduce this risk is to hold some of WahUQ as a creditor to WaMu, in case of wiping off common stock and,or preferred stocks. you loss on others,but you gain on holding WahuQ. In the other word, If you got paid for common stock you bought,there is no way the WahuQ and Preferred stocks not to be paid in full liquidation value. WaHuQ is for safty protection.

But these stocks are not for trading in short term period,it'd rather to be put in the storage room for 1-2yrs to be revealed for its value. Common stock is for trading purpose only.

hey, don't be too greedy, don't pour all your money here. Nothing is guaranteed in this stock market. think twice before investing any securities.