Rosen and Weil should be investigated NOW for stock manipulation. Rosen told the press of a global settlement, insinuated that all parties would be satisfied(meaning shareholders), causing a buying frenzy, which encouraged the MMs to raise the shareprice by 20% on three consecutive opens. Daily during this run would be a retouchment by the MMs, to an accumalation range far below the shareprice briefly, until they started crashing the stock minutes before Rosen addressed the court. One person on the Y board did get the SEC's attention finally (they assigned him a case number), and I ask all fellow Wamu shareholders to also file SEC complaints, in hopes of the SEC actually giving a darn. Lastly, I have heard from an unconfirmed source, that JPM, through word of mouth, urged their WAMU employees to sell their wamuq stock at .65-.70 last week, as their best chance for recovery, before JPM liquidates them next week from their 401K plan. If in fact so, it seems like they are grinding to rid the stock of as many pre-seizure folks as possible, while JPM honchos stake a greater role in the makeup of the shareholder body, on stock sold to them on favorable terms by their MM affiliates, and at the expense of other shareholders.
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