Replies to post #1973 on Washington Mutual Inc pfd K (fka WAMKQ)

[puffyk]

Yeah, I think everyone should do well if positive developments come out of all this.

I did well with the P's. Took a loss on the commons cause I got in too high.

Doing a lot of DD, and trying also to protect myself in case of liquidation (but hopefully more so coming out of BK with 3Q09 re-structuring and maybe buyouy), I think these were the way to go.

I have gotten in at all kind of levels on the K's and really feel any under $1 are a steal.

Face value would be absolutely amazing in a life changer, but even at $5, it would be a great play.

It has been in the teens for so long, I just hope we can get some stability in the .20's and grow from here with anticipation of news, lawsuit info, and restructuring plans announced throughout the 2ndQ

What I like most about this stock, is that it isn't all over the message boards. Once that happens you get bashers and flippers coming out of the woodwork.

[John Gyver]

Don't underestimate the commons... I own K's, P's & U's. If we see a massive payout from the FC lawsuit the preferreds will get full payout which is a locked value BUT the commons could come out with a very high PPS that blows past the K's and the P's percentangely speaking based on current purchase price. The commons may be the surprise of the group... but the K's are probably the safest play IMO.

John Gyver