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Reload this Page would it make any sense to purchase WAMU stock right now while it's in the 2's ? (credit card, buy)
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Old 09-18-2008, 01:37 PM
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Default would it make any sense to purchase WAMU stock right now while it's in the 2's ?
I know they are destined for doom...I have even said it. But what if....the rewards are tremendous if there is a glimpse of hope. What do you all think ?
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Old 09-18-2008, 02:24 PM
Do Not Steal, the socialists hate competition
  
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Sure... but don't whine if it becomes almost worthless ...
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Old 09-18-2008, 02:33 PM
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Quote:
Originally Posted by heydade View Post
I know they are destined for doom...I have even said it. But what if....the rewards are tremendous if there is a glimpse of hope. What do you all think ?
If you think they are destined for doom, why would you even mess with it? I mean if you some money lying around and want to gamble, then take a shot, but it's fallen to the $2 range for a reason. There's very little hope of it righting the ship, that said, had you put your money in end of day yesterday, would've made 30% in less than a day! I just don't like to play w/stocks that are losing money (lost $6.7 billion in 2nd quarter). Hope it works for you if you bite the bullet and buy some.
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Old 09-18-2008, 04:23 PM
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yet, if you bought yesterday before close and sold today before close, you would've made an almost 50% profit
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Old 09-18-2008, 04:26 PM
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Hey if they go under then I don't have to pay off my credit card with them!

(yes, I'm joking!)
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Old 09-18-2008, 06:02 PM
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Sounds like a good way to lose $2 to me!
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Old 09-18-2008, 06:25 PM
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Buy it only if you think their underlying fundamentals are strong and they have a solid balance sheet.

Don't let a cheap price be your guide. Go read their annual report.
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Old 09-19-2008, 10:41 AM
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even if WaMu's fundamentals are not not sound at all, just look at the price right now
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Old 09-19-2008, 10:31 PM
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I bought 1000 shares at $2 and smiling today. I viewed it as a total risk investment but with cash laying around earning less than inflation why not?

This time it worked out, I've had some losers too, believe me
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Old 09-26-2008, 12:13 AM
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Default Jimmy, ....
Quote:
Originally Posted by jimmyP View Post
I bought 1000 shares at $2 and smiling today. I viewed it as a total risk investment but with cash laying around earning less than inflation why not?

This time it worked out, I've had some losers too, believe me

I believe you....

BTW, I have some old shoes and worn out clothes I was thinking of giving away but it's too much trouble to pack it up and haul it over to Goodwill. Perhaps you have a couple more grand to throw away? I'll get it to you after I receive your check (not drawn on WM). LOL
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