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Washington Mutual
Old 07-24-2008, 03:24 PM   #1
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Washington Mutual

any chance of it going belly up?

WM: Basic Chart for WASHINGTON MUTUAL - Yahoo! Finance Mutual
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Old 07-24-2008, 03:25 PM   #2
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Yep
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Old 07-24-2008, 03:47 PM   #3
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Nope.
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Old 07-24-2008, 04:03 PM   #4
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Don't know....thought that someone should take the middle road

At under $4, it sure does make your knees weak, huh?
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Old 07-24-2008, 04:03 PM   #5
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Where are those psychics when you need them?
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Old 07-24-2008, 04:07 PM   #6
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Where are those psychics when you need them?

....or God for that matter !??
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Old 07-24-2008, 04:22 PM   #7
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Did he/she short Wash Mut. also?
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Old 07-24-2008, 05:06 PM   #8
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Could God himself create a stock so crappy that even He himself would suffer a negative return (on an annualized basis, of course)?

I'd like to see what god is holding these days. BRK maybe?? Of course ole' Buffett doesn't place any stock in God, so why would God place any stock in Buffett's stock?

Could God create an investor so great (like Buffett) that not even He himself could outperform him?
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Old 07-29-2008, 02:46 PM   #9
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It will likely be the next big one to go.
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Old 07-31-2008, 12:20 PM   #10
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It's difficult to short stocks under $5, so I bought some cheap August puts instead. When the short restriction [for Fed borrowing banks] lifts on the 12th, the financials will tumble and take WAMU down even lower. That's the bet, anyway. I also have some Wachovia Sept puts.
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Old 07-31-2008, 01:02 PM   #11
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For the sake of my community I hope not. I would rather see the stock sit at $2.00 for a year than see it closed. It is all up to the FDIC, possibly tomorrow.
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Old 08-07-2008, 01:32 PM   #12
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Originally Posted by eridanus View Post
It's difficult to short stocks under $5, so I bought some cheap August puts instead. When the short restriction [for Fed borrowing banks] lifts on the 12th, the financials will tumble and take WAMU down even lower. That's the bet, anyway. I also have some Wachovia Sept puts.
Ok, this didn't work as planned. I lost heavy on the WM puts. I'm somewhat down on the WB Sep puts but I'm holding.
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Old 08-07-2008, 03:23 PM   #13
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Kinda off-topic, but what, if any, is the relationship between this
company and the mutual fund called Washington Mutual Investors
Fund, from the American Funds group (AWSHX) ?

Finance-naive buddy was freaking because DW's 401K had bunches
of money in that fund, and I explained it's completely unrelated.

Wanted to make sure I gave good info ... Thanks !
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Old 08-08-2008, 09:27 AM   #14
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Kinda off-topic, but what, if any, is the relationship between this
company and the mutual fund called Washington Mutual Investors
Fund, from the American Funds group (AWSHX) ?

Finance-naive buddy was freaking because DW's 401K had bunches
of money in that fund, and I explained it's completely unrelated.

Wanted to make sure I gave good info ... Thanks !
Not related at all.....well, perhaps they are a third cousin once removed.
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Old 08-08-2008, 01:10 PM   #15
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Standby it is FRIDAY. If a bank goes they goe on FRIDAY's.
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Old 08-09-2008, 08:53 PM   #16
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Exhale... for a few days anyway.
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