WAMUQ -- Your Guide to Early Retirement

[tiznow]

man abk goin nutty nice call :toast:

that said if i were long right now i'd be dumping here

looking at the chart pretty much every previous huge volume up day since shit hit the fan in september has been followed by some blood in the trading sessions to come....

 

[OnWisconsin]

i got out at 1.78....gotta be careful with this stock. hoping to see a pull back in the next few days.

 

[kuwlness]

Yeah, all the junk stocks have been having good runs ... i dont think its gonna last. I'd say its a good day to pull out of those types and start looking to put your money in companies with a more stable outlook.

 

[SpreadDestroyerr]

Yeah, all the junk stocks have been having good runs ... i dont think its gonna last. I'd say its a good day to pull out of those types and start looking to put your money in companies with a more stable outlook.

How about putting money in FXP, QID, SRS, SKF, TZA...... I am foaming at the mouth waiting to pull the trigger on these bad boys as soon as the reversal looks like it's confirmed.:drink:

 

[FadeMeToWin]

i got out at 1.78....gotta be careful with this stock. hoping to see a pull back in the next few days.

so if it pulls back to $1.20 or less you will buy back?

 

[OnWisconsin]

it depends. i don't like to mess with more than one of these at a time. i have a handful that i track, and when i get a price i like i jump in. i got stuck with abk a couple months ago and had to hold to break even. i've been jumping in and out of hlcs the last couple weeks but i keep mistiming it. if you look at abk's chart from last year when it went from the low $1 price range to $9 in just a couple months, it was pure speculation on the possibility of it starting a seperate enitity to write new business. if you chart it, you will see huge uptrends followed by huge downswings. it's mostly a momentum play as far as i'm concerned. its recent move up is due to short covering imo, as the housing news seems to be improving. abk still has a lot of exposure to RMBS and its capital is dangerously low to the minimum requirements, and i think getting in at this price would be a mistake. i have seen no news specific to abk as of yet, which makes me think there will be a pullback to the $1.30 area in the next week. at that point i'll consider getting on it again. if not, there's a dollar stock making a huge move every day. abk is a money maker though, but you can't go to sleep on it.

right now i'm just fortunate to have the time to follow during the day and jump in and out.

 

[tanner12oz]

Yeah, all the junk stocks have been having good runs ... i dont think its gonna last. I'd say its a good day to pull out of those types and start looking to put your money in companies with a more stable outlook.

not to be a dick but didnt you say just yesterday we were all going to make a million??? now 24 hours later your bailing for a more stable company?? these are all pump and dump stocks....gotta get in on the pump and then dump the garbage onto whatever bagholder is on the bottom....

 

[FadeMeToWin]

Thanks SoonerDawg:toast:

 

[snoop]

Nice call sooner.

I'm still hanging tight on C. It broke 5 bucks today which is very significant, it could move as high as $7.00 by the end of the year.

 

[OnWisconsin]

thanks guys. there's people on here much better versed and more experienced than me though. making that post last night and what happened today was just one of those things.

 

[snoop]

Next play?

 

[OnWisconsin]

Next play?

hahaha.....

i'm probably gonna sit tomorrow out unless something really stands out. experience has taught me that when i feel invincible i should lay low lest i receive an ass kicking....

 

[tanner12oz]

theres a few of us guys on LLEG....its at .0007 right now...was up to .0012 last week...

bio electric company uses wood chips/scraps to create clean energy.... word on the street is that the permit application to break ground and get the show moving should be any day now....last PR stated it would be filed late summer....tick tock tick tock... were all waiting on the news of the application being filed ...should get a lil pop off of that. seems to be a base around the .0005-.0007 level...minimizes risk on the downside... check it out DYDD

 

[kuwlness]

WAMUQ Update:


Lets play a game ... Fill in the blanks:

Start on page 27 and start using the word "settlement" in all the blacked out areas. I'd say payday is very near ... what else are they trying to hide??


http://www.kccllc.net/documents/0812229/0812229090827000000000004.pdf

 

[snoop]

Ku,

Do you think FDIC's easier approach regarding private investor to buy "fail banks" has any effect on this?

 

[kuwlness]

It's tough to say ... I think today's announcement about the FDIC needing more money might have some relevance to the WaMu case since the FDIC will be fronting quite a bit of the bill if JPM does in fact have to settle with WaMu.

Between now and Sept 25th this is going to be very interesting to watch. Worth a small gamble either way. If it turns out like the Bear Stearns buy-out, we'll be rewarded handsomely.

 

[OnWisconsin]

bada - bing - bada - bing bada - bing - bing - boom

HLCS....after much thought and consideration, unless there is a major difference in its opening price tomorrow, i'm hopping on board for 10 trading days with the expectation of getting a nice bounce within that timeframe. the way it's been trading has that sneaky sneaky feeling to it. i've lost money on it twice trading in and out during the day, but i will buy in tomorrow -- hopefully around $1.20 -- and am looking for a $1.60 - $1.75 sell within the next 10 trading days.

a couple weeks ago, it announced a breakthrough in human genome sequencing which i don't know shit about. the stock doubled before lunchtime. a selloff at the end of the day gave me a price i thought was good. strike one. after a couple flat days, i hopped on board again. strike 2. so i'm 0 for 2 here, just so ya know. but....

the past several days it has traded in a very tight range, yet seems to keep moving up. the volume is healthy. the technology is company specific and possibly....let me not go there. it was trading over $4 a year ago on much less optimistic outlooks. i will be tracking the pre market activity tomorrow and could change my mind if something else i watch looks better, but right now, this is my next play. i will post my entry price once i get in, or if i decide not to get in i'll let whoever might be interested know. do your own research though and listen to your gut. that's pretty much all i do.


and all the angels who busted out of heaven and raised hell on earth
partied all night for all they were worth
and when daylight came and the sinners awoke.....

 

[snoop]

WAMUQ pops 2 pennies, it's the best performer in my portfolio today.

@)

 

[tiznow]

bada - bing - bada - bing bada - bing - bing - boom

HLCS....after much thought and consideration, unless there is a major difference in its opening price tomorrow, i'm hopping on board for 10 trading days with the expectation of getting a nice bounce within that timeframe. the way it's been trading has that sneaky sneaky feeling to it. i've lost money on it twice trading in and out during the day, but i will buy in tomorrow -- hopefully around $1.20 -- and am looking for a $1.60 - $1.75 sell within the next 10 trading days.

a couple weeks ago, it announced a breakthrough in human genome sequencing which i don't know shit about. the stock doubled before lunchtime. a selloff at the end of the day gave me a price i thought was good. strike one. after a couple flat days, i hopped on board again. strike 2. so i'm 0 for 2 here, just so ya know. but....

the past several days it has traded in a very tight range, yet seems to keep moving up. the volume is healthy. the technology is company specific and possibly....let me not go there. it was trading over $4 a year ago on much less optimistic outlooks. i will be tracking the pre market activity tomorrow and could change my mind if something else i watch looks better, but right now, this is my next play. i will post my entry price once i get in, or if i decide not to get in i'll let whoever might be interested know. do your own research though and listen to your gut. that's pretty much all i do.


and all the angels who busted out of heaven and raised hell on earth
partied all night for all they were worth
and when daylight came and the sinners awoke.....

somebody is en fuego

up 19% on the day :toast:

 

[OnWisconsin]

due to a hangover, i didn't get in till 1.36, out at 1.63.

i can't stomach holding these into the close, never know how they gonna open the next day.