WaMu

DigitalDave said:
Commons hit that .07 cents I recommended as a selling point. You might be able to pull out .071 -.075, but it's not going to go much higher with investors being unsure how or if they get paid on settlement. I recommend a sell on Commons and use it to buy P's or K's. Right now, K's are cheaper and just as sure, if not moreso than getting paid than P's.
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What is the face value of the Ks? 25?
 
DigitalDave said:
Right, they became slightly more expensive than the P's today though. There is also WAHUQ which is less risky but payout kinda sucks compared to the other 3.
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yeah, I wouldn't touch the WAHUQ's as they have warrants attached for common... and that portion is essentially worthless.

As for the K's... they are pretty close... $0.50 on the K's is equivalent to $20 on the P's. I would imagine they will trade back down today from the 60. Put in an order around 53 and it could easily fill. 57 would put it on par with the Q
 
Superfreak said:
yeah, I wouldn't touch the WAHUQ's as they have warrants attached for common... and that portion is essentially worthless.

As for the K's... they are pretty close... $0.50 on the K's is equivalent to $20 on the P's. I would imagine they will trade back down today from the 60. Put in an order around 53 and it could easily fill. 57 would put it on par with the Q
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Yeah, I'm thinking about spreading myself around some more now that I have 4X what I started with. I want to throw more at commons once today settles down some more. I see them breaking .10 in the next week. I just worry i'll miss out on something big with the preferreds, and the commons get the shaft. Which is why if commons become whole, you'll be making 100:1. As opposed to preferreds at 45:1 and K's at 42:1. Risk plays a factor in the current pps.
 
Well the commons did break .10. P's broke 30 again and K's are at .80.

This stock is golden even if you aren't in for the long haul!
 
Have you seen the latest lawsuit? WaMu is accusing JPM of hiring plants to give them confidential info. Accusing JPM of purposelly trying to knock down WaMu to get a better deal.
 
DigitalDave said:
Yep, and they are pulling in the Texas case as well on this one. I think they are trying to push JPM to comply, because i don't think they want discovery on this one.
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That certainly could be... the question is... does Dimon's ego get in the way and force a trial???
 
I honestly think there is something in the works already, I just think we have to wait for funding to be there for the FDIC. They should vote on it tommorow in S.896. They are BS'ing right now on that, you can watch it on C-Span.

Dimon and Bair are not going to admit any wrong doing, which makes me question if they would go for a settlement. But, if they in fact did what they are being accused of, you can be certain they would settle rather than making a public spectacle of it, to try and keep it out of the public eye.
 
Superfreak said:
http://finance.yahoo.com/news/WaMu-seeks-to-investigate-rb-15108867.html?.v=1

I like that this is starting to at least get a little more attention in the press.
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Dude, we can't even get attention on this own message board. People just don't see the reality of this situation and can't piece it together. They think this is strictly a stock thread. This is a legal/political/stock thread all in one.

Does anyone realize just what happened to WaMu? Do they realize that their government was in on destroying this company and this failure was a catalyst for Bail-outs galore? Why is it just you, Damo, and I discussing this? There's a lot more to this.

Bair is setting herself for settlement, if you listen to her statements. She keeps bringing up how they should be able to 'wind-down' holding companies. She knows what she did was wrong, but she's goign to try to paint herself as a hero anyways. She's pretty much admitting it was a mistake but in the future, they need more power, because she didn't have the power to prevent the mistake. Well, that's at least how she is presenting it. Paulson was in on this as well. I can only speculate that it was because he wanted to prove to Congress that bail-outs were needed, so he kept WaMu off the short-sell ban list and kept everyone else on it. It was a big f'in setup and our government was in on it. I want my money now. Thanks! :)
 
DigitalDave said:
Dude, we can't even get attention on this own message board. People just don't see the reality of this situation and can't piece it together. They think this is strictly a stock thread. This is a legal/political/stock thread all in one.

Does anyone realize just what happened to WaMu? Do they realize that their government was in on destroying this company and this failure was a catalyst for Bail-outs galore? Why is it just you, Damo, and I discussing this? There's a lot more to this.

Bair is setting herself for settlement, if you listen to her statements. She keeps bringing up how they should be able to 'wind-down' holding companies. She knows what she did was wrong, but she's goign to try to paint herself as a hero anyways. She's pretty much admitting it was a mistake but in the future, they need more power, because she didn't have the power to prevent the mistake. Well, that's at least how she is presenting it. Paulson was in on this as well. I can only speculate that it was because he wanted to prove to Congress that bail-outs were needed, so he kept WaMu off the short-sell ban list and kept everyone else on it. It was a big f'in setup and our government was in on it. I want my money now. Thanks! :)
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The reason more people on this board aren't paying attention to it is that they are afraid... they are in full blown panic mode thanks to the media and politicians.... 'DA SWINE FLU PANDEMIC IS UPON US.... look over here, look over here, while we try to quietly cover up what we did to WaMu and others.... pay no attention to the man behind the curtain!'
 
Superfreak said:
The reason more people on this board aren't paying attention to it is that they are afraid... they are in full blown panic mode thanks to the media and politicians.... 'DA SWINE FLU PANDEMIC IS UPON US.... look over here, look over here, while we try to quietly cover up what we did to WaMu and others.... pay no attention to the man behind the curtain!'
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Most people do not have the ability to truly understand what was done to WaMu, nor the willingness to learn. The media isn't feeding it to them so they think there is nothing sensational here.

It's much like the banks who didn't want a bailout but were force fed one anyway, and often when offering to pay it back are refused. People are looking elsewhere, because they are told to. I mean, there are about 100 people with the flu for gawd's sakes!
 
Damocles said:
Most people do not have the ability to truly understand what was done to WaMu, nor the willingness to learn. The media isn't feeding it to them so they think there is nothing sensational here.

It's much like the banks who didn't want a bailout but were force fed one anyway, and often when offering to pay it back are refused. People are looking elsewhere, because they are told to. I mean, there are about 100 people with the flu for gawd's sakes!
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I have the sniffles... not caused by the weird shifts in weather we have been having... hot.. cold.. hot... cold.. wet... dry... no that isn't it. Some asshole passed the swine flu to me.... now I am going to die.... been nice knowing everyone.... cough... sniffle... croak..........................................
 
I agree SF, though I think people only want to comment on the things they can point at the other party and say 'Look what you did', or create some sort of argument out of. Anyways, we will see all of this shenanigans covered up, sold to the public as some great thing, then we will hear everyone bitch about how stupid the investors were in the first place. I'm sure we will hear arguements like 'Why should I have to bail-out Wall Street?'...

Here is what I will tell those nimrods "Because you didn't pay close enough attention to your government"
 
Anyways, they have S.896 penciled in again today.

Wednesday, May 06, 2009
9:30 a.m.: Convene and begin a period of morning business.
Thereafter, resume consideration of S.896, the Helping Familes Save Their Homes Act

The increase for the FDIC is in this bill.

$100 Billion for whatever, $500 Billion Emergency.
 
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