more like 2 billion which is why the stocks been
down anyway, so, taken in that context I see this news
as a positive.
In my view, the companies new
management team and the company coming clean on these issues
is really the first real step towards WMI
I own a few shares at 17 1/2, and will be buying
more with any dips we see in the following days.
Regard it as the final cleansing. I think the
it down so the big bastards can cover
their short positions.
See a bounceback from mid
13's to mid 15's by day end.
Who's surprised by
Sorry for all you longs out there.
now reached my end of year price targe of $8-15 that
I predicted earlier. I said I would consider buying
(but might not buy) at $13 or under. However, end of
year tax loss selling along with this latest billion
dollar loss may make this a good short until the end of
December where I may buy some if WMI is close to $5
I wouldn't put all your eggs in this basket though
(even if you go long at close to $5) as the billions of
dollars of losses over the last three years may very well
put WMI into bankruptcy (like LWN).
and for now was dead money,tax selling,
eventually will be ok when they clean up the house and get a
new CEO maybe at the end the DEC. but next time i"ll
buy optons.alex PS when ready to buy let me know . I
will be checking the board once in a while.thanks
Krusty is to head up all the accounting
operations on monday. Next to me as the MAN he will also be
known from now henceforth as THE MAN. Only not when in
my presence as I am the MAN in my own presence. The
new WMI Chant will be. WHO DA MAN and in unison the
workers will say DREARY IS THE MAN. Thank you for your
prompt ass kissing and attention to this matter. PS all
managers need to fire someone by monday to get head count
Miller tried like hell to hire Al Dunlap but was
turned down. You've seen what a bang-up job Dunlap did
for Sunbeam. Well Miller settled for 2nd best and we
wound up with Drury. I would suggest that Mr. Miller
turned around our money and put it in his pocket.