mord you dont think at all that these hearing is just a show to show they are working on something make believe???? and to give more time for them to talk things threw behind closed doors i feel its true...they know we can hear in on these hearings ,i recall that 1 hearing when both teams were laughing together ,that never would happen if u think about it .also there are getting paid big bucks these lawyers ...she the judge i feel doesnt want to make a ruleing cause she knows they are settleing cause they have to and she doesnt want to throw a monkey wrench into it .....well either way wamu will come out ahead from where they are today...period...
Things that make me think that something is going to happen soon.
This has to be broken into to areas, Court and Market Maker.
Court.
#1) The judge is silent. After ruling ASAP, she has remained silent. ASAP is a threat. All the party's know what it means.
#2) WMI is silent. They have done very little in court and not scheduled anything that might cause a problem. Since they are clearly in the driver seat why not pressure the court for the $4 billion?
#3) The court appears to be forcing an equity committee early, or at least threatening to do so, Why? Because they are warning the bond holders who might be thinking of holding out and screwing equity, that that is not going to happen, so better settle up.
#4)Rising bond prices and volume. This is big money and it will expect a quick return.
#5) Odd activity this week in the preferred that make me think of a leak.
Market Makers.
They are desperate for volume and I believe the first faze to gain that volume is almost over.
#1) Bash the price down mercilessly. This can be done by using the media and any stock boards to deliver frightening misinformation to keep out any new money from the stock, leaving any sales easier to pick up.
#2) Manipulative sales from account to account that make volume appear to exist when in fact is has disappeared. The low volume makes price control easy and any weak hands will start to drop their stock.
#3) Run the stock up and try to get anyone who was too scared to sell to dump and run with break even or a small profit.
#4) Get small day traders to short the stock so as to pass the short shares you hold off to someone else.
Just random thoughts. I am sure some will not agree but I do think this is almost over.