Replies to post #2790 on Washington Mutual Preferred fka WAMPQ

[Wamook]

Jean Go trade something else.

You're a stock flipper. You think stock shares are trading tokens that have no value beyond what you can sell them for today. You haven't actually looked at the shares you are trading in Jean. You just see a stock ticker symbol and a flashing number on the screen. And You're working this.

Could be you and it could be someone else. Doesn't really matter because if it were someone else, they would be talking like you and talking about the same kind of trading tools. And comparing this situation to a bunch of other junk stock deals they made money with.

All I got to say is I hope they make the grand announcement over night on a day when you closed short a lot of shares. If it's just a couple of shares and a couple of hundred dollars nobody is going to press things very hard. But if it's a few hundred or thousand shares at a thousand per share, they will come looking for you and take everything you got. This could have a serious return on a legal effort to recover from a short who didn't cover by end of day. On that fine day.

We're not in love with this stock. We've read the prospectus and we know what it's worth.

Good luck