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Author Topic: Washington Mutual Inc  (Read 3956 times)

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Offline Mr. Halsey

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Washington Mutual Inc
« on: June 27, 2008, 04:32:43 PM »
dropped below $5 today... anyone see any upside to this?
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Offline Dr PennyStock

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Re: Washington Mutual Inc
« Reply #1 on: July 01, 2008, 08:57:46 AM »
Not yet.
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Offline HappyAlien

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Re: Washington Mutual Inc
« Reply #2 on: July 01, 2008, 09:41:54 AM »
I own shares of WM which i held long term at avg of 9.99. Now I'm waiting for a bottom to buy more. Its very oversold, and we had a green doji yesterday, even though the -DI is way above the +DI. Doc, do you think we may be close to a bottom, or if the +DI starts to swing up would that confirm we hit bottom yesterday?
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Offline Dr PennyStock

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Re: Washington Mutual Inc
« Reply #3 on: July 01, 2008, 10:55:00 AM »
Was not a doji, it closed above the open, was a normal green candle, the stock is oversold, but, it has resistance at 5.81 (PAR SAR), only a breakout of this resistance will give a buy signal, but, the bottom must be somewhere near this level, IMO.
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Offline HappyAlien

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Re: Washington Mutual Inc
« Reply #4 on: July 02, 2008, 03:22:00 PM »
Thanks Doc!
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Offline Mr. Halsey

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Re: Washington Mutual Inc
« Reply #5 on: July 11, 2008, 11:49:09 AM »
i think WaMu or Wachovia could be looking at a buyout in the near future.

But the jackpot im waiting for is BAC....hoping it dips really low for a good buy in point
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Offline Greg

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Re: Washington Mutual Inc
« Reply #6 on: July 11, 2008, 03:31:15 PM »
Quote from: Mr. Halsey on July 11, 2008, 11:49:09 AM
i think WaMu or Wachovia could be looking at a buyout in the near future.

But the jackpot im waiting for is BAC....hoping it dips really low for a good buy in point

didn't the #2 man in the Treasury just step down to take over Wachovia...If so...this is one of the guys that saved wall street from that Bear-stearns issue...From what I read it's a top notch finance man..
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Offline Mr. Halsey

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Re: Washington Mutual Inc
« Reply #7 on: July 11, 2008, 03:41:04 PM »
yeah Steel was from the Tres.
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