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PleaseHireMe's picture

So...I'm holding onto my WaMu stock...

by PleaseHireMe (Senior Baboon, 246 Banana Points Points) on 10/8/08 at 1:49am

Pretty much worthless. Still getting $.1055 per share...will it ever go higher than the recent resistance levels ($.14-$.16) or am I pretty much f*&(ed and should just get what I can?

Thanks in advance

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WxOnWallStreet's picture

Isn't the deal with JPM

by WxOnWallStreet (Orangutan, 298 Banana Points Points) on 10/8/08 at 9:11am

Isn't the deal with JPM closed and the stock delisted? Can't see it going anywhere but down.

arcanne's picture

What did you buy it at?

by arcanne (Orangutan, 315 Banana Points Points) on 10/8/08 at 11:08am

What did you buy it at?

PleaseHireMe's picture

A bad price

by PleaseHireMe (Senior Baboon, 246 Banana Points Points) on 10/8/08 at 11:59am

$3.00, then more at $2.70...

The stock changed from WM to WAMUQ or something...it's still there, but is currently giving me $.11...

So there's no way that it will ever possibly go up?

I might as well unload and get what I can yeah?

WxOnWallStreet's picture

Delisted from NYSE, only OTC

by WxOnWallStreet (Orangutan, 298 Banana Points Points) on 10/8/08 at 12:06pm

Delisted from NYSE, only OTC now.

guimion11's picture

Did you bother to take a

by guimion11 (Senior Monkey, 92 Banana Points Points) on 10/8/08 at 3:40pm

Did you bother to take a look at an SEC filing before purchasing this stock? Balance sheet? Income statement? anything?

PleaseHireMe's picture

Nope.

by PleaseHireMe (Senior Baboon, 246 Banana Points Points) on 10/9/08 at 11:51am

Just sort of banked on the Bailout passing...and then JPM stepped in, and then the bailout failed first time...Epic