Re: Preparando el terreno... Ten Shin no te desanimes hombre
If we reached an all time high of .70 cents, a number I did not think possible given my 18 month anti Q campaign. When the courts ruled on the $4B, I knew WMI was for real. That coupled with a few cute ethical moves on the ethical JMW's part, I had to convert to pro ghost when I was anti for so long.
To me, it did not matter if it was 20 cents or 50 cents, I would still take a 100% write off of what ever is left from my $4.65 position. I believed the new CEO Alan Fishman when he promised sufficient liquidity in an EXCITING PRE EARNINGS RELEASE statement just two days before the Thursday seizure.
That coupled with the fact that Bush had unveiled a massive TARP bill, he was eager to pass, and both sides of Congress were working together to bring in the necessary financial rescue to the damaged derivative toxic mortgages GOLDMAN was dumping into the market.
Sorry, the favorite child and member of the CLUBBY FEW, Goldman, was caught in a major felony plot to make money off inside information. You see, Goldman was packaging distressed failing properties into complex derivative models, which is a fancy bs math formula that pools assets, ok.
Then the unethical crew at Goldman would sell the packaged pool of assets in the financial market knowing they were failing assets. On top of all that, Goldman then was shorting the securities making back an even greater gain.
ONE THING NO ONE IS DISCUSSING LATELY IS THE FACT THAT NOTHING HAS CHANGED FROM THE TIME WE WERE .70 CENTS. The only difference is the insiders dumped. Seriously, the tuesday following the high was cliff dive off to the .40 cent range. No big deal, the insiders dumped, made their returns and maybe a few of BOPFANS crew did the same.
But, the only change around this case has been major, major positives like:
(1) $4B ruling along with the $5.6B tax refund = $9.6M
(2) Killenger emerges defending Washington Mutual based on specific OTS standards and jurisdiction. Killenger also draws a parallel coining the Henry Paulsons favorites list as, "CLUBBY FEW," and talks about the special treatment like:
(a) $250K FDIC quick change after WAMU seizure. This was the single biggest category of Washington Mutual deposit holders that closed accounts in what was termed the BANK RUN $16B AUG 2008.
(b) TARP Bill which included merchant bank converted former investment banks like GOLDMAN
(c) KIllenger makes the bold public statement, "I never trusted Goldman Sachs." This statement alone is worth a million words. The statement was also made days BEFORE the press announced GOLDMANS FELONY CHARGE.
(3) Court issue ruling on who the 2008 tax return belongs to, awarding it to Washington Mutual Inc.
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You want more theres plenty. Go to the Ghost board if you can, I am sure there is legal achievements going on daily like the attack animal law firm that is on board for the EC. NOTHING HAS CHANGED, IT ONLY GOT BETTER. THIS STOCK SHOULD EASILY BE OVER OUR HIGH OF .70 cents because the real chances of common getting a payout are considerably high based on the amount of the momentum of this legal matter.
Either way, day traders stand to make another fortune riding this wave back up to .70 + cents again.