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WM

AMEDS posted on 09/26/08 at 02:23 AM
In looking through the tradestream, I noticed lots of tradeking customers BUYING stock in WM. Why do people continue to buy the stock at .16, after the federal government (FDIC) specifically just gave away all the assets of the bank? Am I missing something here?
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Posted by AMEDS on 09/26/08 at 02:23 AM

Tag It | 1 user tagged it: WM, JPM, Zero, FDIC, Fed

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Haymore

Member since: Jan 08
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Semi-retired business owner
Age: 60's
Arizona
Haymore
Posted September 26, 2008 (03:25AM)

Congrats on your performance!

It is a bank holding company and JPM gets the bank end of the holdings.  There may be other assets like the executive office building, (or toner & paper clips) that did not go to JPM.   Probably the main reason is "hope springs eternal".

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AMEDS

Member since: Jan 08
5 Day -2.77%
15 Day 3.27%
1 Month 8.61%
3 Month 30.28%
6 Month 120.94%
As of: 01/07/09
How is this calculated?
Trades 648
Trade Notes 106
Blog Posts 3
Corporate Development, Internet Startup
Age: 20's
New York, NY
AMEDS
Posted September 26, 2008 (06:25AM)
Hmmm, I didnt realize that thoose assets would not be excluded, i.e. holding company vs. operating entity. Ok, that makes sense. Hope does seem to spring eternal, except when it alternates with sheer terror of late :)
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