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Wamu Stock
- Thread starter Mike Boyd
- Start date
- Status
Tom Barclay
Senior Member
- Joined
- Apr 7, 2002
- Professional Status
- Retired Appraiser
- State
- Oregon
Down to $3.23 already this morning.
Dan/Fla
Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Florida
I was watching the Business news this morning, and I was seeing all the lows citi, Wac, and others were and wishing I had about $25,000, I knew I would not need, to keep me a float till the market came back. I would have been buying stock today, Yes I believe their may be some drop but most of the banks will be back. I would love to make this down turn to my advantage.
What would happen to your stock if you bought a 1,000 shares of WAMU at $3.24 and the Feds took them over?
Eli Weiss
Senior Member
- Joined
- Nov 28, 2005
- Professional Status
- Certified Residential Appraiser
- State
- New York
In just a bit WAMU will be known as WAMU Federal Bank.
I wouldn't buy any financials now, unless you want to short them....
WAMU is slightly up this morning, and all I can think of is short covering...
I wouldn't buy any financials now, unless you want to short them....
WAMU is slightly up this morning, and all I can think of is short covering...
robert higgins
Member
- Joined
- Jul 15, 2003
- Professional Status
- Certified Residential Appraiser
- State
- Connecticut
looks like a run on Wachovia today, down 20% +/-, buy the looks of it they are next.
Judy Whitehead (Florida)
Senior Member
- Joined
- Jan 20, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Florida
Wow - I feel like I'm watching history in the making. How very sad! Somehow even though we all knew it was coming I didn't imagine it would be this bad. And this is the tip of the iceberg!
George Ellerman
Senior Member
- Joined
- Feb 21, 2005
- Professional Status
- Licensed Appraiser
- State
- Ohio
IMHO.we are on the verge of a serious economic collapse in this country.
The FDIC only has enough money to cover a percentage of deposits. These present and future bank failures are going to mean some heavy losses for depositors. The FDIC has always relied on the "sticker principle" of having its FDIC sticker on the window of the bank to give people the idea that every dollar is insured. It simply is not the case. I hope I'm wrong but I fear I'm not.
The FDIC only has enough money to cover a percentage of deposits. These present and future bank failures are going to mean some heavy losses for depositors. The FDIC has always relied on the "sticker principle" of having its FDIC sticker on the window of the bank to give people the idea that every dollar is insured. It simply is not the case. I hope I'm wrong but I fear I'm not.
- Status