Replies to post #11761 on Washington Mutual Preferred fka WAMPQ

[HROLLER]

Jackson227, you are sounding like a day trader here trying to get people to sell so the price won't go up so you can buy back in cheaper...I don't want to hear it...I don't care about these $1 to $5 or even $10 movements...I am not here to trade this thing...What I do know is that this will be settled soon...There are very important court dates coming up and a judges ruling will make this jump...Please read this document again;

http://wmish.com/doc/gov/0603/JPM_V_WMI_-_ANSWER.PDF

[Chiron]

I don't know Jackson. Things seem to be heading WMI's way here. Those lawsuits won't come out until there is resolution with JPM/FDIC. Why would anyone sue WMI now? It's a BK company with nothing.

If there is a settlement, sure then the lawsuits will come. But you can bet your arse PQ's won't be at $24, lol. Any HINT of a settlement and these are going into the 100's.

Why do you think they are being held here? Simple - the MM's don't want the common joe's to get too many shares. At $24 more than 500 share is out of reach for most people. But they and the big boys can load up quickly if news comes out. Driving this well over $100 where they can load up even more.

Remember the day she ran to $36... and that was on a minor nothing little leak, lol.

With everything that came out this week, man the noose is tightening around JPM here.

[onco]

what law suits may i ask???