Replies to post #3443 on Washington Mutual Inc pfd K (fka WAMKQ)

[ivan78]

This stock go directly to 10$ ... !!!

[kelseyf]

Your playing with fire if you are currently trying to flip a complete (entire) position in WAMUQ & WAMKQ.

My recommendation is to keep a portion of a WAMUQ /WAMKQ position on the table and then flip a portion as a strategy

That way if news hits, and it will, you're in position to benefit as least a portion. If a drop comes along this offers you the opportunity to add back on to this portion to increase overall position.

This has been working for me going back to Aug 09.

IMO this GAP that you are indicating for WAMKQ is not going to get filled between now and 01/28/10.

If the 01/28/10 hearing is favorable or an SJ is announced, or settlement or any other positive development indicating increase assets for WAMU, then forget it that gap becomes a gap of the past.

Kels

[hurley cruppers]

That is the problem, the mm's know you own a position so they
walk it down to 2.02 area, and make you think it is going lower.

Where is support? One sells and it doesn't drop to buy back in.

We need a chart.