Replies to post #2779 on Washington Mutual Preferred fka WAMPQ

[Wamook]

By the look of the common share you are right.

But you know, they hold up on putting the word out about what's happening until after the market closes. And the big deals are going to be happening behind closed doors. So when the announcement comes about this or that thing they sell off or when they make a deal with a big buyer, they won't be letting the hypers play around with the share price much. It will just open at a much higher price one morning.

The bankers don't really feel all that great about this stuff floating around the street at a couple of bucks a share. They sold this stuff to institutions at a thousand per.

There was a guy crying about losing 44 grand when the market crashed. He had 44 shares of this stuff. I just hope you have to cover your shorts at $200 a share.

And at the moment there's only about 12-20% of the shares that are not in a vault some place. If you want to play tiddly winks with thousand dollar bills, you go ahead.

[JustMeNotYou]

I bought 30k @ avg. 1.40 and sold it all at an average price of 7.00+ loved selling at 8.00. LOL