From DanBB on IHUB:
DC Court Hearing Results
"I just got back from the DC court hearing.
I'm not an attorney so this is my interpretation. The judge accepted the motion to dismiss in the first 15 minutes of the hearing. The WMI shareholders and bondholders are now not a party to the DC case and only the WMB bondholders remain. In the judges closely paraphrased words, "so we no longer have to deal with WMI or the bankruptcy court".
The Texas attorneys, JPM and FDIC then proceeded to take another 75 minutes to argue over pushing the case back to Texas and whether FIREAA applied. They will submit simultaneous briefs within 2 weeks and they can then submit replies limited to 5 pages."
K I'm going to take a nap with my 2yr old. My heart needs a break.
Peter. I have read your insight the whole time i have been in wamu. you did the right thing. you have been burned before and this was a gamble.
stick with kuwlness. his dd is second to none. but he said all along this was a speculative play....
keep plugging away, stay positive and you will find a hidden gem...:toast:
Big money has now accumulated over 10M more shares than they started the day with.
I doubt they let it close green, they want more shares. Dont be fooled
Care to explain yourself a bit more clearly bm.
You think Scottrade is involved in some sort of conspiracy?
You think the stock is going down or the deal between the involved parties is going down?
Not clear why you think either.
For 4 months I have used the ST account for only one reason ... to accumulate WAMU.
IMO
I didn't expect a rollercoaster ride today. Big guys were able to shake out quite a lot of weak hands.
NOT MY SHARES BITCH.