13.90 has to be the top fot the day. Bring on Charlie G.!!!!!!!!!!!
Washington Mutual going under:
- Thread starter capmac
- Start date
damn they really rode this one up bigtime
makes you regret not getting in on it at the open.
makes you regret not getting in on it at the open.
Okay, the way I read into this latest pump in WM was to inflate the price and inflate financials across the board yesterday.
The 5B infusion won't happen anytime soon and especially after a 30% run-up. It was milked as high as $13.90 yesterday.
So the games begin again. A downgrade snuck in overnight to scare out the rest of long positions created into the vortex.
We will see how much is tapered off today. I am not playing it at present time(too much attention on it now). I have action in a different area so I have to avoid it.
We'll see how these finacials play out prepping up into next week's supposed bloodbath of earnings.
The 5B infusion won't happen anytime soon and especially after a 30% run-up. It was milked as high as $13.90 yesterday.
So the games begin again. A downgrade snuck in overnight to scare out the rest of long positions created into the vortex.
We will see how much is tapered off today. I am not playing it at present time(too much attention on it now). I have action in a different area so I have to avoid it.
We'll see how these finacials play out prepping up into next week's supposed bloodbath of earnings.
Good night, dilution official.
8.75
8.75
Jesus, they are gonna whipsaw this around. I'm avoiding it altogether.
This is asking for a Charlie G. fluff.
This is asking for a Charlie G. fluff.
April 8 (Bloomberg) -- Washington Mutual Inc., the largest U.S. savings and loan, got $7 billion from a group of investors led by David Bonderman's TPG Inc. after losses on subprime loans ate up capital and erased 74 percent of its market value.
Washington Mutual sold 176 million shares at $8.75 a piece, 33 percent below yesterday's closing price on the New York Stock Exchange, and preferred shares, the company said in a statement today. The lender also slashed its dividend and announced 3,000 job cuts. The stock fell as much as 13 percent.
Who's playing this tomorrow?
I've been out of the gravy train in both directions on WM lately.