well, your current name kinda makes up for the past problem.
i see it as ironic, since the "new" yahoo is now "high tech!"
by the way, both my wife and son call me "high tech,"
because of my computer skills, or lack thereof. LOL
it happened at least once before. WHX was trashed last year by a "shorter" on Poking Alpha
and the pps fell over night. never mind that it has since recovered. fact is, there are short sellers out there who will sell their grandmothers in order to make a dime. my nose tells me that sleger
is right. there are more out there !!!
torah, sanity is what you view it as. i say this is the most sane thing you or i could do today.
hell, live for the moment. why are you trying to understand that which is inexplicable?
go with the flow. jeez. lighten up. it will ease your blood pressure. i just put another pot
of coffee on and am sitting back watching the snow pile up at my door !!!.... and something
else pile up in my account. ha !!!
today may be a momentary enfarc, but what the hell.
i say yippee. and i can almost taste the mint julips in
the bahamas !!! lol
good for you, gep. I hope to follow right behind you. We need to keep
in mind that this stock implodes at the end of 2015 and goes to zero.
But before around the middle of 2015 there is no reason that doing what
you call for will not work until then. GLTA
Heard, here is the straight dope. straight from Clark. he informs that no matter your choice, you
will get a divi that adds up to 2.35 per. that is the good news. strange as it seems the three day
period of the stock evaluation is 21,22, and 23 January. We are to take the average of those three
days and that will be the value of the stock for this exercise. So you can take the cash or you can
take the stock or a combination thereof. the total will add up to 2.35 per stock. so, if you are not anal,
and I pre-suppose that I am not, then you really don't care what the make up is. Clark informs me that
I must check in with my broker at Scottrade and inform them of my choice. Scottrade told me that
the cut off was on 14 Jan, so I really do not have a choice anymore as I see it. oh, well. I will not
fret, because Clark tells me that the sum of the divi that I will get will add up to 2.35 per stock. i guess
i should count my lucky stars. let's see............one............two............three..............
i got it the first time around about a year ago ago, but i do not always get in and
get out when I should. shame on me. do not stay around and collect the divi.
that marks you as a sucker. do as you say and have discipline to carry it out. if
you do, you can make a wad on each cycle. duh.......!
Hey, Melt. You are not only right. You are fundamentally right. Yes, the rest are just
bashers and they will end up on the trash heap of history. So pop your chest up. Like
you I have been waiting for those 14-15 years and I am finally getting a good feel about
this stock, which I have held onto all this time. At one time I was away on a vacation in
Germany with my in-laws and missed the rise to $6 per share, but I am still holding out hope
that it will rise again. You and I can then laugh all the way to the bank and travel to
Bermuda and drink mint julips on the veranda while these sloths scramble like hell to get
their Social Security checks !!! lol
my info is accurate, saneman, because it is the info that Scottrade has. however,
this entire divi disposition is one odd duck as I say. i contacted WMC directly on their
web site, so let's see what they come back and tell me. i am not one for mystery
stories and this one is being held close to the vest.
Sorry, Heard, but this is worse than a duck hunt. I just spoke to my broker at Scottrade and they have
not been yet given any info on the divi dispersement. Turns out the cut off date was yesterday and we
do not have the chance anymore to weigh in on our choice here. So far, since I sold my position just
after x-divi day, I have not been apprised the stock price of the so-called choice we had and I have not
been notified directly by WMC. My broker was able to find out that the divi we will get will all add up
to a divi worth 2.35 as originally advertised, but it will be comprised of stock and cash. Apparently,
not until January 28 will I find out how WMC decided to break it down for me. I actually was going to
take the divi in all stock, but was never given the chance. This strange deal may be exciting to some
of you, but I find it to be an odd screw job even though I may end up with a monetary equivalent of
the 2.35 divi . I do not know about the rest of you, but I call this a "strange duck."
this entire exercise is a jugfukk. i have never heard of such a ridiculous way to disperse a divi.
everybody right now is in the dark awaiting this grand announcement by the company. i say this
is not the way to do business and should not be allowed by the SEC.
hey, guys, this info is correct if you still own the stock. but if you sold everything after the
x-divi day and will still get the divi, the stock will not show up under your "positions"
with Scottrade. the only possibility here is to call Scottrade and ask them how to get the
form and vote. otherwise you will just creep up on 1/28 and will probsbly by default get
all of the divi in cash.
why is this a source of confusion? simply look at the yield quoted today of above 62%/
that means that, if you bought at some point in the past year and held for the divis and continue
to hold, you are looking at a yield of 62 %. this seems self evident to me. the timing of your
getting into the ring, however, will impact your personal yield over the course of the year.
but, if you bought and held and took the divis and re-invested, you will look at a yield of 62 %
for crying out loud. i put about 59K into WMC back in the Fall and took the divi today and
am now looking at a bottom line (my WMC is in an IRA) of 65K plus. the way i see it I am in
the plus column despite the very low pps today. that pps will climb from what it is today
and so will my bottom line.