Comments on: Bought 125 WaMu Shares http://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: samyhttp://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/#comment-56458 samy Sun, 26 Apr 2009 04:51:21 +0000 http://www.thesunsfinancialdiary.com/?p=2399#comment-56458 Hello, I purchased around 20,000 WAMU shares at 5 cents a share. I was told that if and when wamu offically becomes Chase that my wamu shares become chase shares. Is this true? Hello, I purchased around 20,000 WAMU shares at 5 cents a share. I was told that if and when wamu offically becomes Chase that my wamu shares become chase shares. Is this true?

]]> By: wamu dealerhttp://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/#comment-44118 wamu dealer Thu, 18 Sep 2008 16:21:33 +0000 http://www.thesunsfinancialdiary.com/?p=2399#comment-44118 yeah wamu will shoot up in a week...buy as much as you can. i bought 1000 stocks yeah wamu will shoot up in a week…buy as much as you can.
i bought 1000 stocks

]]> By: Timhttp://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/#comment-44024 Tim Mon, 15 Sep 2008 21:27:17 +0000 http://www.thesunsfinancialdiary.com/?p=2399#comment-44024 i am very surprised at how resilient wamu is. you would figure that if they were in as bad shape or worse than lehman, merrill, freddie-fannie, bear, that they would be under already. as the weeks go by and the big players fall to the waste side, i am getting more and more confident that wamu will survive. i almost let my nerves get the better of me and started selling everything like everyone else. then i told myself, that i don't have that much in wamu and the payoff at this point will be huge in the long run so just hang on. again, i am continually amazed wamu won't die, so there has to be something to them; otherwise we would have seen its death by now. if they hold on the rest of this week at $2 and there is only speculative is wamu next, i think wamu will survive. then again, those sep 15th calls were supposed to do havock, and they did, but i'm surprised that they didn't do more. especially looking at citi and jim cramer's take that citi was next to get cut up by short sellers. there were lots of people panicking today, and that is what we get. unfortunately, the sec isn't acting in order to stop blind shorts and shorts that drove down today's market. i am very surprised at how resilient wamu is. you would figure that if they were in as bad shape or worse than lehman, merrill, freddie-fannie, bear, that they would be under already. as the weeks go by and the big players fall to the waste side, i am getting more and more confident that wamu will survive. i almost let my nerves get the better of me and started selling everything like everyone else. then i told myself, that i don’t have that much in wamu and the payoff at this point will be huge in the long run so just hang on. again, i am continually amazed wamu won’t die, so there has to be something to them; otherwise we would have seen its death by now. if they hold on the rest of this week at $2 and there is only speculative is wamu next, i think wamu will survive. then again, those sep 15th calls were supposed to do havock, and they did, but i’m surprised that they didn’t do more. especially looking at citi and jim cramer’s take that citi was next to get cut up by short sellers. there were lots of people panicking today, and that is what we get. unfortunately, the sec isn’t acting in order to stop blind shorts and shorts that drove down today’s market.

]]> By: Sunhttp://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/#comment-43983 Sun Sun, 14 Sep 2008 14:42:37 +0000 http://www.thesunsfinancialdiary.com/?p=2399#comment-43983 I remember there was one month in July/August when naked short was banned on financial stocks. As soon as the ban ended, FRE dropped like a rock. That may not be the whole reason, but it played a role.Nobody knows for sure what will happen to WaMu. Early this year when JPMorgan wanted to buy WaMu, it offered a discount price. Now whether a buyout from JPMorgan is good for the stock or not is not clear. $2 is much cheaper than $8 back then. So hopefully, somebody will offer a premium than a discount.If I loss, it's only some $250. Not terrible. I remember there was one month in July/August when naked short was banned on financial stocks. As soon as the ban ended, FRE dropped like a rock. That may not be the whole reason, but it played a role.

Nobody knows for sure what will happen to WaMu. Early this year when JPMorgan wanted to buy WaMu, it offered a discount price. Now whether a buyout from JPMorgan is good for the stock or not is not clear. $2 is much cheaper than $8 back then. So hopefully, somebody will offer a premium than a discount.

If I loss, it’s only some $250. Not terrible.

]]> By: stockshttp://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/#comment-43967 stocks Sat, 13 Sep 2008 21:26:22 +0000 http://www.thesunsfinancialdiary.com/?p=2399#comment-43967 Unfortunately, I think WaMu is going to fall the path of freddie and fannie, and countrywide, and end up going south, and get bought by someone else. Same with lehmans. I do wish you luck on this investment though. Unfortunately, I think WaMu is going to fall the path of freddie and fannie, and countrywide, and end up going south, and get bought by someone else. Same with lehmans.
I do wish you luck on this investment though.

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