I was in wamu before as well, if you check my previous posts I have averaged down and flipped like crazy to get back a portion of what I lost. I am in a position now to get back everything and then some if wamu wins in all areas. JP would have had wamu at 12 a share in the spring of that year but got very ahead of themselves now they will have to pay the piper and JD can not move to the next phase because this will ruin his chances of getting the seat at the treasury. something will happen sooner than later.
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