Replies to post #8681 on Washington Mutual Preferred fka WAMPQ

[Wamook]

It's a NEGATIVE NUMBER welderfred.

The number is in parenthesis. And we're over a billion dollars short of having a single dollar left over for equity.

Now they talk about the tax refunds, and they talk about a re-organization plan, and they talk about filing suit against the FDIC, on and on and on, endless posts of the purest HYPE you will ever find on the net. These things are very real, but they all contain a magnificent IF things go our way.

I haven't seen several of the recent posters on the board before recently. I'm a realist who has been trading this company since just before the bankruptcy announcement. It's GAMBLING. And one of the side games, sub plots, in this little drama is to get the stock out of the hands of the floor traders and mutual funds who own it and don't want it, the guys who matter, at a good price. And into the hands of the internet stock bulletin board traders, the guys who don't matter, and were fool enough to listen to stock hype on a board like this one.

For some reason, the sale of a couple of hundred thousand shares of WAMPQ drove the price up seven hundred percent from where it was. That's less than one percent of the stock.