Do you think it's time to buy washington mutual yet?

Question

It was down to 3.80 earlier this week up to 4.30 today. (I'm sure just because of wells fargo's announcement) Should I buy now or wait a little while longer?

Answer 1

I would not buy wamu. probably going out soon.  I think you will see this bank fold soon

Answer 2

I dont think its a good idea at all.  They arent expected to make a profit next year.  Other banks are a better buy.

Answer 3

I am not sure why you would want to invest in banking at this moment with all the things that are going on in our economy. Specially with the news of Indymac. You would have a better bet investing in oil.

I would not invest in banking at the moment but that is just me.

Good Luck!

Answer 4

I think Wamu is going to be one of the 150 banks to fail...just my opinion

Answer 5

Sorry, I can't answer your question, I think it's just too funny.