Replies to post #2003 on Washington Mutual Inc pfd K (fka WAMKQ)

[puffyk]

Couldn't agree more.

What people have to realize is this is not a favorable flipping or daytrader stock.

Not to say you couldn't make money on that, but this is purely going to move to higher ground as news leaks, lawsuits are filed, buyouts or restructuring is put in place.

The fact is that if and it is a HUGE if, it worked in our favor, yes $25 face value would be a life changer.

However, I also think many many many would be happy even for $1-$5 or evern $10.

I think commons will get some too, and if people choose to invest in those, as well, good for them, no complaints from me.

But, no one can question that these would move in much bigger increments, ESPECIALLY since there is ONLY a 20,000,000 float.

So putting all things together, I would say this is the SAFEST of them all and any potential profit is lined up mostly with this and the other preferreds