WAMUQ Stock Trading Chart_ 12/18/2009
by admin on Tuesday, June 22nd, 2010 | 2 Comments
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Selloff was fundamental. Today in the courtroom one of WMI’s own lawyers made a comment during a discussion of the creation of an equity committee that it was unlikely even the $7.5bn of PREFERREDs would get any distribution. As soon as he said that on the conf. call, the selloff was MASSIVE.
thanks Clay, for giving a realistic interpretation, instead of some sugar coated analysis.