Quote from: hgh2live on December 17, 2012, 05:58:43 PM
Over half a million shares traded today at the highest prices in more than 6 months. Somebody bought those shares. Whoever "they" are, they apparently believe WMIH is going to go up soon. The fact that they believe that indicates to me that they have information that "we" (those who have been following this for years) do not have.
Sure, we hope that WMIH is about to break out. There are many posts that describe hypothetical situations that would accomplish a breakout, or disappointment that there has not been an announcement to date. But there are no compelling posts that demonstrate a reason to pull money out of savings or other investments now, and buy more WMIH.
But "they" did just that: they bought more WMIH. So I presume that they know more than we. I am glad they did. I just wish I knew what they do.
The number one reason I have on my list for WMIH to break out is this:
Blackstone as one of the best advising company for M&A and Financing and Restructuring should be able to produce a workable plan within 9 months to 1 year. In another word, for a company to hire Blackstone and get no results is unacceptable. Blackstone has a reputation to uphold. From August 2012 until May 2013, Blackstone would have been working on a plan for WMIH for 9 months. So we can expect news anytime in the first half of 2013. This is not to say we will have a completed merger before June 2013. But news of plans to utilize the NOLs should be out anytime now.