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ATWO2025

12/21/08 12:35 PM

#48085 RE: Simpsonic #48080

Because some people were hoping there would be assets well in excess of the liabilities stated on the A/L...And I tend to think there are...I don't think there will be a major sell off on Monday...I think the scumbag MM's will hold it in place as usual, maybe let it fluxuate .005 or so to give the appearance that there is some legitimate trading going on...But this fact, as well as Diamonds point that there are big dogs in this heavily, and imho most importantly the fact that the media is not allowed to mention Wamu, tells me that this thing is bigger than some of us can imagine...Oh, and cantseemtopickem, please keep bashing...For some reason this elevates my confidence that this thing is gonna fly one of these days, and yer gonna be hating yourself...This because you "can't seem to pick 'em"...

ATWO
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Blue Bull

12/21/08 12:53 PM

#48088 RE: Simpsonic #48080

I suspect there will be some selling off due to the A/L news. Since the price has gone down every time the media has given one of their myopic/irrelevant articles on the subject of WAMUQ, I don't see why this news will be any different. But it is hardly the final chapter of the WAMUQ story and many of us are waiting for the ending. I am just saying be prepared for the price taking a hit tomorrow and don't let it bear you. I am just another small investor, so I don't claim to fully understand the market and I'll be happy if I am completely wrong. :-)
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grandetourismo

12/21/08 1:40 PM

#48112 RE: Simpsonic #48080

IMO, the only logical reason for selling now would be an EOY tax write off. (simply based on timing alone)

For example, if one's portfolio contained a few big winners and a non performer, they might chose to take a chance and sell WAMUQ based on the timing. They could realize a tax write off for this year then get back in for a nice gain later when the rest of the story comes out.

To just sell WAMUQ because they think it's going to tank based solely on an incomplete A L and rumor would be playing right into shorty's hands. In that case, the pps would temporarily dip because of fear. But guess what? it's going right back up after all the facts are out.

Just have to wait and see.

GLTA longs

GT