Large Green Sunday, 02/02/14 03:18:18 PM
WMIH - The Way Forward
I shall continue my investment strategy that I have employed since March 19, 2012. I am also very happy with all of my escrow shares, but only time will tell their ultimate fate. The escrow share finality should show their results by year end 2014 and they could be worth nothing but I highly doubt this. Then we will see what the former Piers owners were really after before the insider trading debacle that landed them without escrow shares and a cap of only $10.50. I was very fortunate to be able to purchase many WMIH shares between the mid forty cent and sixty cent range for most of the last two or so years. They have hit a recent high of $3.00 and there should be more very positive WMIH news released within a couple of weeks – maybe less.
One can continue to sit back and analyze, critique, debate and play down some of the most successful money players in the world and then wait and see what they do next. However, do not expect to see the price stay around the $2.50 level once the next piece of information is released, just as the price did not stay in the mid forty cent range. This is what most sensible investors would like to discuss – an event before it happens - so they can make an educated decision. Material related facts would not be available to honest investors in advance.
I will continue to use a known and very successful strategy of following the BIG MONEY PLAYERS as I have in the past. They generally have a very good track concerning investments. They also have much more credibility than message board posters. If one’s investment strategy is to wait until WMIH reaches five, ten, twenty dollars a share or much higher after the information is released and then discuss, that is also a cautious method which is most appropriate for many investors.
