Hi, I m new to investing rather just did my first trade, I bought WAMU stocks. Just wanted to check views of the veteran trades on this stock. Does anyone else have this stock in their portfolio & what do you think of it  as an investment ??

To find out who are holding WM here at ZeccoShare, just click on the "members"  (or this link:  http://www.zecco.com/ ).  Enter the "WM" stock symbol into the "Recent Trades" and click "search".

Hi
WAMU stocks is good, you will get a good return from it. But as you are new in investment I would like to suggest you to invest in real estate. It is also a good or safe side to invest your money and in this you can also earn good amount of profit. The most important thing is that you can get regular income. Hope you like my suggestion.

I have WM on my watch list in the Bottom Fishing group.  Today didn't give a Buy Tell, but sometimes they don't, and I was tempted.  Maybe tomorrow will tell.

http://www.sec.gov/

Makes you wonder

Lost 3700 on wamu, it might go under.  I stay away from it.

For a swing trade, this is a great stock.

At one point I bought it at 3.35 and sold it above 5.

Just bought it again and will hold until it goes to 5 again.

Don't hold these stocks too long. It's too risky. Just my 2 cents.

 

    thanks for ur advice..

Lubnarohitsingh:

    thanks for ur advice..

 

Hi Lubnarohitsingh, have you checked out the thread at Horse Trading 101? If not, it would be good to read through it, the whole thing, all 10 pages. It’s a good place to get some questions answered too.

 

http://www.zecco.com/

WAMU might be good for TRADERS, but it certainly is not my idea of a good long term investment right now.

I agree, WM is not something you would want to hold. For me, I'm not a big fan of bottom fishing. Just cause a stock is "cheap" does not always mean you should buy. Hypothetically, WM can stay at $4.00 for years. Now, I rather use that money elsewhere.

Happy Trading,


Jun
www.tplinvestment.com

My first trade on Zecco was WM stock. I work for Wamu on the retail level and I know what the fear mongering is all about. 100 banks will go under before wamu gets in any trouble... so far, not that many banks have gone under so the odds are in wamu's favor.

After my first trade, I bought wamu on my 3rd trade as the stock price fell so that my average was lower. Wamu is now up 8.99% since 8/11. I am investing long term, I will need money next year before summer so my concentration is only towards financial stocks as I am 99% sure they will bounce back....

Anybody follow the WM roller-coaster today? Any opinions on it?  Something about the shorts getting squeezed...