Comments on: Bought 125 WaMu Shares http://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/ Sat, 21 Nov 2009 18:00:36 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: samy http://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/comment-page-1/#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: I Lost $250 on WaMu http://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/comment-page-1/#comment-44517 I Lost $250 on WaMu Fri, 26 Sep 2008 10:41:05 +0000 http://www.thesunsfinancialdiary.com/?p=2399#comment-44517 [...] Lost $250 on WaMu Posted by Sun on September 26, 2008 Visited 1 times Two weeks ago, I bought 125 shares of Washington Mutual (WM) at $2.00 apiece. Back then I was hoping that somebody (like JP Morgan Chase) would quickly buy [...] [...] Lost $250 on WaMu Posted by Sun on September 26, 2008 Visited 1 times Two weeks ago, I bought 125 shares of Washington Mutual (WM) at $2.00 apiece. Back then I was hoping that somebody (like JP Morgan Chase) would quickly buy [...]

]]> By: wamu dealer http://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/comment-page-1/#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: Went Fishing, at the Bottom http://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/comment-page-1/#comment-44089 Went Fishing, at the Bottom Thu, 18 Sep 2008 03:55:38 +0000 http://www.thesunsfinancialdiary.com/?p=2399#comment-44089 [...] I also own 125 shares of WM. [...] [...] I also own 125 shares of WM. [...]

]]> By: Tim http://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/comment-page-1/#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: Sun http://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/comment-page-1/#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: stocks http://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/comment-page-1/#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.

]]> By: Tim http://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/comment-page-1/#comment-43960 Tim Sat, 13 Sep 2008 10:49:42 +0000 http://www.thesunsfinancialdiary.com/?p=2399#comment-43960 they should kill short and long buyers...ok, not so dramatic. i think there need to prevent so much speculation by eliminating the vehicles for speculation. also need to make hedge funds more accountable and transparent. at any rate, that's the system right now. you might be better off just buying a wamu cd at 5%, at least it's fdic insured. i've stopped buying more wamu at this point. i have lots of shares, but i went into financials with the understanding that if i lose the money, i lose it. i'll hold long and wait it out. they should kill short and long buyers…ok, not so dramatic. i think there need to prevent so much speculation by eliminating the vehicles for speculation. also need to make hedge funds more accountable and transparent.

at any rate, that’s the system right now. you might be better off just buying a wamu cd at 5%, at least it’s fdic insured.

i’ve stopped buying more wamu at this point. i have lots of shares, but i went into financials with the understanding that if i lose the money, i lose it. i’ll hold long and wait it out.

]]> By: KP http://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/comment-page-1/#comment-43948 KP Fri, 12 Sep 2008 20:18:28 +0000 http://www.thesunsfinancialdiary.com/?p=2399#comment-43948 I would have rather sold WM 2.50 put and that way if the stock closed above 2.50, you would have kept the premium. You could do this over and over till Wamu's future hangs in air. Buying stock is good if you think that it's going to shot up to 10 bucks in near future. I would have rather sold WM 2.50 put and that way if the stock closed above 2.50, you would have kept the premium. You could do this over and over till Wamu’s future hangs in air. Buying stock is good if you think that it’s going to shot up to 10 bucks in near future.

]]> By: Super Saver http://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/comment-page-1/#comment-43947 Super Saver Fri, 12 Sep 2008 19:33:09 +0000 http://www.thesunsfinancialdiary.com/?p=2399#comment-43947 Sun, I keep resisting the temptation to buy beaten down financials. I still remember the pain in 2002 of buying beaten down tech stocks that kept going down and never recovered. I've decided to wait for a clear turnaround before touching financials. I know I'll miss some of the rebound, but I should avoid most of the volatility. Good luck on your bottom fishing trades. I like your approach of only risking a small amount. Sun,

I keep resisting the temptation to buy beaten down financials. I still remember the pain in 2002 of buying beaten down tech stocks that kept going down and never recovered. I’ve decided to wait for a clear turnaround before touching financials. I know I’ll miss some of the rebound, but I should avoid most of the volatility.

Good luck on your bottom fishing trades. I like your approach of only risking a small amount.

]]> By: Tim http://www.thesunsfinancialdiary.com/investing/bought-125-wamu-shares/comment-page-1/#comment-43943 Tim Fri, 12 Sep 2008 15:37:12 +0000 http://www.thesunsfinancialdiary.com/?p=2399#comment-43943 yeah, i keep buying WAMU stock too. yeah, i keep buying WAMU stock too.

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