Wamu Stock

[reviewer]

I used to work at Wamu, we had a pretty good stock option plan. I bought at around $32 when it was trading at $38, and sold it all when I left for about $41. Had to pay for my wedding.

I look like a stinking genius...but I'm not, just someone who had to pay a deposit at the King's Arms Tavern in Colonial Williamsburg.

 

[MARK JOLLIFF]

Mark

sounds interesting, but on the radidio today, the Gobmt.is trying to figure out how to shore up FNMA/Freddie.....so to me nothing is looking to strong anywhere.

Looks like an Uh Oh to me - and questionable on the future's.....do we really know who's going to be there ??

PS-did a quick check on your XLF - not bad, they've lost about 52% from last year this time, maybe a Hold for another 90 & check it then, wadda U think ?

We know at some point the banks wil recover. I don't believe this is the end of the world even though I have a small supply of beans and ammo(I love Greg Bell). When they do recover I think the rally will be strong. Also some of the strongest rallies historically have come during bear markets which we are in. The longer you look out into the future the more this trade becomes a no brainer but the questions are 1)How old are you and how long can you wait?2) What is your tolerance level for risk? If you get nauseated if your stock drops %1 then stay away.3)Are you investing money you are going to have to rely on for income in the next couple of years? In closing I say if you can hold for a minimum of 5 years and not barf during price fluctuations then I would put a portion of my money (not more than %10 -%15) in the XLF. Just remember your talking to a garbageman and not a financial planner!

 

[Eli Weiss]

Let me give you some tips.......

If you are looking to short the financials, then play this stock http://finance.yahoo.com/q?s=SKF they will do the job for you, so you don't have to buy the short and then cover it....

if you like to invest in alternate energy, check out
http://finance.yahoo.com/q?s=fslr
http://finance.yahoo.com/q?s=csiq

Don't look at what they did today, look at the overall chart, if you know how to read them....

 

[Kevin Mc]

It's a Wonderful Life, George Bailey:

"Where's that money, you silly stupid old fool? Where's that money? Do you realize what this means? It means bankruptcy and scandal and prison. That's what it means. One of us is going to jail - well, it's not gonna be me."

 

[Mark A Rewbury]

And a big BOOYA to you....I won't touch a financial with a ten foot pole. Try gold stocks.

 

[Lee SW IL]

If you have any money buy Wal Mart. Nobody is going to be able to affoard to buy merchandise at Target, or any dept store.

 

[Eli Weiss]

If you have any money buy Wal Mart. Nobody is going to be able to affoard to buy merchandise at Target, or any dept store.

Target?

IMHO, they are the same grade as Wal Mart....

 

[Kevin Mc]

Target?

IMHO, they are the same grade as Wal Mart....

Nope, they pay benefits.

 

[Terrel L. Shields]

What would happen to your stock if you bought a 1,000 shares of WAMU at $3.24 and the Feds took them over?

Ain't that what they said when IndyMac was $6?

Gas at $5.50 to $6.50 a gallon

i fyou like to invest in alternate energy

To H*$$ with Alternative Energy. It has went sky high anyway. And wind is the play now that T. Boone has hitched his wagon to it. With oil at $150 I want to find OIL! I want stock in a company that drills for OIL...not some multinational that cannot find its hindquarters with both hands; not some gas promoter like Chesapeake; a genuine old fashion OIL company drilling in Kansas or Oklahoma or anywhere there is OIL... Drill my old prospects, anything. I'd drill in Michigan. The Rockies. Texas....anywhere but some stupid over-priced horizontal shale gas play.

those guys can't see past the next quarter end either

so vewwy vewwy twue.

I won't touch a financial with a ten foot pole. Try gold stocks

The time to buy a stock is when nobody will touch it with a 10' pole. Gold is record high...the goodie has already been taken. To invest in a financial you need to find one that is sure fire to survive...the ones that don't survive will lose 100% of their stock. IndyMac. WaMu and Wachovia don't look good....Citibank..Gosh. But you can wait. Stocks won't come back overnight. Once the worse is over and the trend is back up, you'll have a better idea who is going to survive..a small premium for missing the dead bottom center.

 

[Eli Weiss]

Once the worse is over and the trend is back up, you'll have a better idea who is going to survive..a small premium for missing the dead bottom center.

And that premium is a small price to pay...

If you like Warren Buffet you can buy into Wells Fargo....