WAMUQ - Washington Mutual - Page 5

stalled right now with much of the market, waiting for an upturn or downturn. Any news at this point will move stocks an unbelievable amount. Banks are treading on dangerous waters right now.

down she goes again. too much risk here at these levels

if this drops down to the mid 9's i'm getting in

not touching this until it starts moving back up, not trying to find the bottom anymore...

I agree. Just when you think there's no more going down it goes...and goes hard.

i'll agree with you two, we might get a bounce when they cut rates though

It will truly be a dead cat bounce. Not sure though, but everything looks like its breaking lows and getting priced for the Dow to move down to 11k.

we may close in the 9's unbelievable

this stock is scary thats all i have to say, i was planning to buy back in today but i didnt

$5 would be nice....there's just no bottom to this thing. if the fed steps in those numbers will disappear.

Soem sort of FED action or a buyout will send this stock through the roof.

On a buyout, we're looking at $15 to $20/share. Thats a 100% premium from current levels. On some sort of a FED action, we're looking at a 30% move in a month time frame.

Risky trade on WM but again, spreads on this one is the way to go.
buy some OM calls and write some calls deep IM. If the stock is going to have a big move either way, you need a big spread.

down AH

Large March put volumes on speculation that it could trade to $5 or lower on a bankruptcy filing.

Yeah, I saw heavy put buying. They have big reserves so that should sustain their price a bit. FED bought a bunch of bonds from them so that boosted their money supply. Could be a good buyout for banks seeking extra cash flow or it could be a mega bankruptcy story. Who the heck knows.

They need cash

BSC is another one getting alot of put volume. Again, liquidity concerns....

Right, they have the necessary clash flow to sustain themselves for now but going forward they are in deep doodoo.

As you stated, their were rumors floating around that BSC also had some liquidity issues but they told everyone that that was not true. Who knows.

MER and MS experiencing heavy put buying as well. Somebody knows something.

Could be worse, you could be this guy, lol

British billionaire financier Joseph Lewis spent $860 million to buy 7% of BSC when the stock was trading at more than $100 a share....

Ouch....

^ Whats funny is that the French rogue trader probably looks at that and laughs and says, I can do better.

so true.

Don't know what the heck he was thinking about. BSC is worst of breed in the whole financial sector. I wouldn't be surprised if went belly up.

Could happen, even March 30 puts are getting some action. Thats a bit of a stretch though.