WAMUQ was alerted late yesterday afternoon at @ .059.
There is breaking news regarding WAMUQ's bankruptcy and its affect on shareholders. The news was good and gives shareholders control over the company that emerges from bankruptcy. While the deal isn't final yet, it does look promising. The big question remains is what will the shares be worth when WAMUQ emerges from bankruptcy?
The pps rose yesterday after the alert to a high of .084 for a 40% + gain in a very short amount of time. It closed yesterday at .0785, but much more is expected from this play next week.
Early speculations say that this stock could be valued at over a buck once the dust settles. That may mean a long-term hold on this stock, as it seems there may be lawsuits initiated by this company against some other big players in the financial industry, ie,, JP Morgan. If and when this plays out, and WAMU wins, the stock value should reflect a much greater value than current levels.
In the meantime, WAMUQ may provide a great swing trader's opportunity to play the dips and spikes throughout the entire process.
We'll be keeping an eye on this one for awhile.
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