WAMUQ - Washington Mutual - Page 28

Nope. That's for "preferred" shares. We are still screwed.

lol hsm still has wamu ads and i saw a commercial on tv today... guess all that advertising didnt work out for them
.. ouch

"Congrats" to Toscafund, the "activist" British hedge fund, and TPG

http://business.timesonline.co.uk/to...cle4833529.ece

Funny thing is I called my friend at WM Friday and asked him if he still had a job as he works in the mortgage department. To my surprise he was very happy and said that nothing changed and it was business as usual except he works for Chase now... He said that Chase needed to expand to the west coast and that this was the perfect opportunity for that. However he did add that there would be overlaps on the east coast where Chase already has alot of branches and some jobs would probably be lost there... Not what I expected at all from the phone call... So from what I can tell Chase seized upon a great opportunity here.... Expanded to the west coast in two days time at a bargain rate.

...

The P.O.S. just filed for bancrupcty!! Some one please Kick the living Sh*t out of Killinger and Fishman.

Good call that is the talk. But both are heavy in these Loans would that not hurt them even more or bail out?

condolences to all those who bought premarket on friday...

I hope I am reading this right.

http://biz.yahoo.com/rb/080927/busin...ence.html?.v=1

That equals $14 a share for commons. I am not sure how the detail goes, but there might be a chance that there is still something for common shareholders.

http://messages.finance.yahoo.com/St...28&tof=7&frt=2

As I have said before, this is gonna be quite interesting. With JP taking over "most" of everything, that includes their loan portfolio as well and all the sub prime crap. What's left over theoretically aint "toxic" stuff.

The bankruptcy is pretty much a procedural step, since the sieze, and had to be done, it doesn't affect the common stock YET, it will affect it IF they come out of bankruptcy.

Right now, if you're holding WM stock, come Monday, it will change to something with a Q, but it's tradeable, and it will trade. If and when they come OUT of bankruptcy, this stock will be dissolved, hence worthless, and new stock will be issued, so watch out for them coming OUT of bankruptcy, not filing one (although I doubt that will happen anytime soon).

To complicate matters further the WM stock is "supposed" to have a huge short position, so we just might get a dead cat bounce (just like LEH, it went up 300% in just one day, and eventually hit .40, and I don't think it's still done).

I'm certainly not advocating buying this stock at this point, it is dangerous as hell, but hey, when there's blood in the streets.....

It will be interesting on Monday.... I know more than a few of us have a couple thousand shares. There is going to be massive volatility on on the pinks. Think it will get back over $1 hmmmm. How much would you have to buy at 0.16 to average down below a dollar, is it worth the risk? What are you guys thinking? Anyway....

I was thinking about avg down on .16 too. But I've lost enough in this stock to be very scared about gambling again, learned my lesson. Might just suck up the loss and walk away with a big lesson.

Anyone knows whats up with this $32.9 billion asset and $8.2 billion debt crap? Does that mean we get some equality?

http://seattle.bizjournals.com/seatt...html?ana=yfcpc

So on trading still?

Yes, its trading as WAMUQ.PK.

I thought it was WAHCU

3,400% Wow... I almost bought on friday but I thought it was dead... -_- of course that is my luck...

That's not the same stock guys...

He is correct:

And it closed at 0.034 -0.1264 (-78.80%)

Both WAMUQ and WAHCU come up as Washington Mutual on bigcharts.com

Hey guys! I am a fairly new trader and am wondering if I should put 5k into WM for a few days and see if i get a nice return? Advice please!!

Thx.