22thoroughbred

WaMu: Speculative Value Play

I agree with the author, not every bank will be insolvent, as the stocks seem to predict. I have started building a portfolio of about 8 banks that have dropped substantially, one in particular went from $4, where I bought about 6 weeks ago to $16 (FED) I don't expect WM to do the same, but if you build a posn. over time there will be some fantastic gains to be made, will WM survive, maybe / maybe not, but don't let the forecasters on TV scare you, they all blow the same way, and when WM hits $10, they will all say what a good buy it is and how strong the stock is. Diversify and research.