I'm guessing that for every 1,000 shares that Tepper manages to "steal" at under $3, he tosses iringineer a nickel. I guess it beats minimum wage flipin' burgers.
I don't know who is selling. Perhaps the hege fund's strategy of "wearing out" retailers is working ?
irengineer will be getting a bonus this quarter for his work ?
I find it all so funny. By the time they make the announcements, 95% of WMIH will be held by Teper ?!
(with me holding the other 4.9% !?!?) ha ha ha
You don't like it, then sell !
I am buying to get a dividend hike. And meanwhile a steady 7+ percent yield.
Why do you bother to write the nonsense that you write ?
Who do you think you're fooling ?
Don't you realize you're wasting your time, your computer's electricity, bandwidth, etc. (if it's Weil's maybe you don't care).
I wish I were "new", as you say. The only thing "new" here is the corruption of the government. But maybe that's always been that way, too, just that we weren't direct victims, so we didn't know.
Well, if the employees were only of WMI, as you say, rather than of WMB, then why did JPM get to steal our BOLI (for hose who are really "new" I'll explain, BOLI is insurance policies for many millions of rbillions of dollars that companies buy to get compensated in the event their "irreplaceable" employees get disabled or die, and when terminated abruptly, they get a partial refund of the millions or billions they paid in premiums over decades) ?! By "law" (ha, what a joke, but I guess the thieves are still pretending to go by the law, right ?), JPM is only allowed to steal WMB's assets, not WMI's. But I guess that what this whole crime was really about. From the. FDIC's point of view, banks were "hiding" behind holding companies, to avoid confiscation of their assets (which is their right by law). FDIC wanted to teach the banks a lesson, and "damned be the law". JPM was, of course, happy to oblige in stealing WMI assets, that have nothing to do with WMB (real estate, wind farms, cash accounts, all totaling MANY billions). The way to do it: Team up with the hedge funds that bought the bonds at pennies on the dollar, then make a deal with them to give away all the assets (that by law DO NOT belong to JPM) so that after giving them away, there isn't any money left for shareholders of WMI. All 100% against bankruptcy law. And to add insult to injury, trump up bloated "claims" against WMI ?!?
The only silver lining is that to prevent the IRS from nullifying the NOLs due to change of ownership, they had to pretend to give original WMI shareholders a little piece of WMIH. Now they want all the tiny little ex-WMI shareholders (preferred, mostly) to sell them their crumbs in WMIH, so they do this psychological warfare - and YOU'RE IT !
So....keep lecturing us "newbies".
I hope you're right. Its nice to buy cheap shares, but its also nice to get some positive action.
Is one of these dates a hearing about the (bogus) employee claims ? They were WMB's employees, weren't they ? What does this have to do with WMI ? Oops, I forgot, this is the new "justice" system...
Obvious a Pravda subscriber, after all he knows the "truth".
Maybe Yahoo antiquates our ignore lists after some time ?
(sort of like giving the nutjobs a second chance ?!)
Why would they be in a hurry as long as some is willing to sell them more shares under $3/share ?
Once the selling supply dries up, they will proceed with the next step. For us, it is impossible to tell what is really happening just by looking at the volume, since we can't distinguish between suckers selling to the sharks (volume that should be counted) and fake transactions (shark to shark) intended to lure the suckers into selling. The only thing that has been obvious to us "outsiders" is the end of day token purchase at the ask, so they can stage a "panic selloff" at the next day's open, merely by selling at the bid. Interestingly, they can get the bid to be 5 to 10 cents lower than the ask. So they can make it look like every morning starts with a 3% "crash". They've been doing this for such a long time, I would imagine that everyone has figured it out.
Just received the cash (3.25% for the quarter) on my "A" (first lien) notes.CUSIP 92936PAA8. However, havn't received anything (cash nor "in kind") yet on my "B" (second lien). Anyone have a different experience ?
In the months of September/October we will see a significant deterioration of the security situation in the Middle East (translation: Oil through the roof) and a "surprising" (not really) escalation in Ukraine, jeopordizing gas flowing from USSR to Germany (translation: Natural Gas through the roof). By the way, don't tell me its not called USSR anymore.... I bet they don't call it the KGB anymore, too ?
For PWE to get back to the mid 8's will be a cake walk, and we have a very good chance to get back to the 9s. Add to that U.S. midterm election, in which the democrats will lose so many seats that Keystone will return to being an imminent "threat" to democrats. Obama (lame duck) will need to approve Keystone as a bargaining chip to get something from the new Republican controlled congress.
Just sharing my thoughts. It all seems obvious to me....but anyone see it a different way ? Would like to hear a different perspective, if there is one.
Your scam let me buy cheap shares.
I made a fortune on KMP and I needed a place to switch the KMP money to.
Coincidence ? No, Kaiser's clients are in the same situation.
I think that just to show that they don't want a war with GOV (after losing CWH), the Portnoys will raise our dividend this quarter by 2 cents.
If you leave it for your children when you die, the tax on the depreciation over your whole lifetime is forgiven.
I sold my KMP and put the money in WPZ. Not much else left out there with a decent yield.
I didn't want to convert to KMI because the yield is half, and it is not protected from income tax, so it doesn't appeal to me. I want 7+ percent, tax free (or to be technically accurate: "tax deferred" until I die and then become "tax free").
And a HUGE profit it is for this quarter !!!
Its a good thing that we have infinite NOLs, so we don't have to pay millions in taxes on this huge profit. It is classified as a negative administration/selling expense. I don't know what that could be. Maybe a refund of fraudulently taken money in the past ? Would Rosen or Kosturos have the decency to return any of their "professional fees" ? Would JPM have the decency to return any of the Billions they stole ? For all 3 of them, I highly doubt it (except under direct threat of jail time).
Keep pushing on it. The brokers like to delay just to steal the interest on the money, which is ridiculous, because interest rates are so low....how much can they steal (unless you're really large amount of money).
Anyway, I got my check today. It was $2.666 per WAHUQ share.