DEAR is looking juicy right now in the 1.51-1.55 range.
It hit 1.50 (just under the 10-day), and it looks like it is ready to move up again real soon.
Also, a reminder that AMFI looks like it is about to bust a move again soon also.
CTZN made a nice move the last couple of days and will likely test the .49-.55 "support" areas again before it busts another move imo.
Yeah, the judge in the wamuq did not rule to "disband" the equity committee (there were no legal precedents that would allow her to do so and since the UST appointed it (which imo is a cover their a$$ move) and since nobody can prove that they are hopelessly insolvent, she ruled to allow the equity committee to remain in tact. However, I am more than certain that the WMI attornies are correct when they say that equity is not going to be in the money, and even an EC can't pull money out of a hat. If the creditors aren't paid at 100 cents on the dollar, then equity gets nothing, and there is no way, imo, that WMI is going to turn over all of their cash to their creditors and instead will pay them with new securities which will render the current WMI securities 100% worthless and will lead to their cancellation. It had a pop, but looks like the selling is going to break through the bids at .19. I think a lot of people were thinking it was going to shoot up and that the shorts were going to start covering, but imo, neither of those things will ever happen. Next week the judge will rule to have JPM turnover WMI's 4 billion in cash, and it is possible that there will be another little pop, but that cash is already on their MOR and won't change the overall economics of the case.
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