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Sunday, 27 July 2008

Washington Mutual Stock of the week

Surely, Washington Mutual(WM) will be the stock to watch next week, if not for the next 3 months as we all wait and see if WaMu can survive the current mortgage crisis.
WaMu: Liquidity Options Running Low- Mr. Mortgage takes a deeper look at WaMu
Remember when JPM was thinking of buying WM back in January? Washington Mutual is 1/3 the price it was then.

WAMU WHACKED- from the NY Post-
Summary- WaMu stock is going down
CEO says they are well capitalized (40Billion)
WaMu may be audited by the government-sponsored Federal Home Loan Bank
WaMu is mad they WEREN'T on the SEC short sell BAN LIST

I have to agree with this last question.
Why wasn't WaMu on the short sell ban list????
They have Goldman Sachs on the list? Why?
I'm sure you all know the answer to this question.

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