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Washington Mutual Buying stock tips and help?

Awol asked:


hey everyone im considering buying some washington mutual stock for cheap and then if the 700 billion dollar bailout plan is passed on friday the prices of the stocks will go up where i can sell it for more…what does everone think of this idea? also is there really gonna be a re-vote for the 700 billion dollar plan on friday?

thanks

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This entry was posted on Thursday, January 14th, 2010 at 3:20 am and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

5 Responses to “Washington Mutual Buying stock tips and help?”

  1. snowboardbum666 Says:
    January 14th, 2010 at 7:50 am

    GOD NO, DONT BUY WA MU!!!

    HOLY GOD

    YOU MIGHT WAS WELL EAY A COUPLE GRAND AND GET YOUR MONEY’S WORTH.

  2. Bacon Says:
    January 14th, 2010 at 9:50 pm

    I wouldn’t recommend it. Washington Mutual was taken over by the Feds. Most of it’s assets were sold to another bank. The stock is basically worthless.

  3. coastal stone bird Says:
    January 17th, 2010 at 10:32 pm

    at 13 cents a share i’d say go for it

    but ya know 13′s not a lucky number

    remember all the people who sold their stock during the depression got screwed .. those who held their penny stocks became very wealthy … and blue chip stocks overall have ALWAYS out preformed t-bills

  4. Sir Trancelot Says:
    January 20th, 2010 at 4:47 am

    Do it! Just look at Fannie Mae and Freddie Mac, both very similar companies in regards to loan initiations. They bottomed out at 25ยข, and are now at about $1.65. Just think…if you invested then, you could have multiplied your investment by 6!!

    I am personally going to invest US$900 in WaMu tomorrow morning. I would invest more if I had more free cash, but I do not at the moment. The bailout plan is sure to pass at some point. And when it does, this stock is going up, up, and away!

    I have a similar question to this by the way. Check mine out, and its own answers here:

  5. Ranto Says:
    January 20th, 2010 at 12:44 pm

    Since all their profitable lines are now part of JP Morgan and their assets have been seized by the Government, exactly why do you think that the price will go up?

    WaMu will not benefit from the bailout.