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Thanks so Much!
When do we expect to hear from Scotus? Is it this year?
When is there expected to be the next update or ruling from the SCOTUS?
can you please elaborate?
You are seeing a bear flag forming on the daily chart. I am not short nor will I short this fyi. I try to help novice investors or traders. This is going lower soon without news....and really the common shares are worthless just like every other retail reorg. If you are scarred, on the fence, "hoping" for a miracle....sell first and ask questions later....I am a real trader with 10 years experience, and yes I traded this long last week on the way up. Oh and by the way....almost anyone reading this board doesnt need to worry about "no shares to buy" comments....your size isnt on the level where those kind of comments matter, unless you have tens of millions of dollars to sink into this one stock.
When the entire panel today answers No to the question "should GSEs be recapped and released?"
You as small retail investors have big problems....Not trying to be rude, but rather realist....
Who on here is more qualified or connected than any of those panelists....
Doesnt mean we wont have nice pops in PPS over the next couple of years...I hope...but they will be fleeting
But the thought process of scooping up shares at these deflated prices and hoping for 100s of % return is almost 100% out of the question
You have to be honest with yourself...I promise you I have zero agenda by saying this out loud other than maybe savings people from complete financial ruin by holding on until the last gasp
Dont forgot to add has an account size barely above the PDT level
IMO its someone liquidating a massive position...nothing more....now the reasoning behind that decision to sell is where you can get into conspiracy theories etc
Be thankful this ticker isnt marginable...or the selloff would be much nastier....
Spoiler Alert >>> American Enterprise Institute (Peter Wallace and all the others with the noose in their hands chasing FNMA and FMCC) >> Headline foreshadows what is coming out next Tuesday to "direct" congressional Republicans or just the administration http://www.aei.org/events/eliminating-fannie-mae-freddie-mac/
This sell off is slow and orderly the last few months...
Promise you I am not trying to spread fear, I dont short FNMA anymore. And not trying to load cheap shares, things are pretty cheap right here. Eventually cheap shares means little if the chart is collapsing.
When I said idea of possibly shorts starting to cover on fears of halt....I really think they are going to try and panic out a lot more size lower before that ever happens....we still have a lot of time to trade her.
Gaps do fill on FNMA...except if we nearing the end of the chart
NewsFlash...PIMCO news is not good for shareholders
The way the story was written yesterday got a lot of people in who are now stuck after reading what PIMCO really said.
Certain traders on the board like lets say "Red" will pump this but sell as soon as they see some liquidity. Trade your own plan, even the long term gap fill yesterday might be a non-event as this heads lower....there is literally no reason to buy given the current landscape...unfortunately, because I would like to play it longer than 1 overnight too
The only reason to buy right now would be if shorts start to panic cover on whisperings of shares being cancelled or halted to zero.
I have been a long term supporter of the "cause" for GSE shareholder relief, but the writing has never been clearer imo that they are going to take the current equity and give it to someone else. I dont think its "right", but you have to be honest with the situation, and not what "should" be happening. I have no position currently, I have traded this company for years now.
Didnt mean to insult....I dont follow anyones advice on this board...I just pop in once in a while to try and help folks
Dont lead sheep the slaughter just becuase you "think" you are right....better to say nothing than mislead people
The volume is large....not sure what you think is huge....but Friday and today volume says a whole lot that people (retail & institutions) are bailing on this now
Todays intra-day chart pattern is called happy holidays and lets stick it you for the 99th time by the market makers......and Happy New Year....we win lol
Same signature trading of shorts for years....thing that is different now is ONE tweet from POTUS and you are bent over the barrel. Do you really think this resolution will be telegraphed during open hours???
Fake massive bids through CSTI (also loves ARCA and CDEL but those arent fake bids) a couple weeks ago said it all....hidden selling on ask...all illegal tactics etc that we have seen for years on this ticker....difference is you are playing with fire so close now....and honestly I hope you do get some karma...with a massive gap and go fighting with institutions at that point...there wont be same size on the ask we always see. Risk on trade for shorts is back on....I used to short size here....but not this close to a potential resolution.
Price action last 5 days based on one of two things imo:
1. comments last week that they dont want to leave the next administration with the GSE problem.
or
2. The obvious fake bids by CSTI 2 weeks ago propping price to keep shorting....Illegal yes...should be in jail yes....but the way the markets work (as in no one is going to enforce in any high % of cases)
Funny how Mnuchin didnt take any GSE questions in the last couple of weeks...but magically....he took one yesterday after the price was ripping and GOP statement....calculated no doubt
Someone always knows something....Trade long enough in the markets and every veteran knows that is true. I cant help but remember the couple of weeks leading into the first Perry decision...trading had changed dramatically....as you can see in the chart....constant selling for a good time before the nasty gap down day....now, with rumors of Perry appeal decision coming this Fall....just makes me highlight to you that I am watching the trading to see what is really happening here....I am flat for now....until we see some clarity in the charts and the tape....
Of all the news that has come out recently, and it has been alot of news...this budget proposal is the worst imo. It shows the admin is fully aware of the situation...which we knew from Mneuchin but not from Trump...we could of course assume, but now we know for sure. It really does seem like the courts are the last string.....
Not want I want to hear either, I like trading the big volume days, and still think we will have some....for now tho....seems the slow drip faucet has been turned on......
I have been trading FNMA since 2012...and have read the board since then. Just because I dont have a profile doesnt mean much.......not sure why you cant tell all of us what your intentions of posting here are?
Since you say you can buy most people here, we cant afford you etc....why are you here posting relentlessly on ihub?
Simple question....why keep skirting it? What are your intentions?
Like I said, you lose ALL credibility when you talk like that...and anyone who has been a trader for a while knows that you cannot take anything for certain until it plays out.....
Idk htb ;)
You know there is a simple moving avg and an exponential mov avg...produce different #s
Why would hold this (long or short) right now??
Unless you are a long term investor....doesnt make sense
Chart is breaking down....where is the golden cross already? Clearly someone doesnt want it...and yes there is a long term head and shoulders forming over a couple years
Plus...flip a coin about the AIG outcome....better to take $ to casino....
Friendly warning for more short term oriented traders....Wait for the big move in either direction, dont try and guess
where did you miss the point that he said it....then denied it...all after hours....so no that would not cause a gap up or whatever....except for the people who read one tweet and stopped reading after that
dont mistake the word amateurs for lazy shareholders...if we cant talk in facts....then we have nothing....you cant take one tweet, and ignore the other tweets....some people are doing just that....but they are not amateurs....they are lazy or have blinders on
It all happened after hours....so no he didnt do anything to manipulate the stock...people are just lazy and only read the info they want to here....he both mentioned it and denied it after hours
Mr. Sims read it here...then later did his own research and said not true....its all based on lazy people here not spending a few minutes of time to research...."a fool and his money will soon depart"...substitute "lazy" here for "fool"
Dont want to spend the time to read the filings...then at least go read his tweets so you see for yourself that he later says was false....just dumb rumor
These filings have nothing to do with uplisting.
One person posts a link here...to the old ticker of Fannie Mae before it was delisted....and people think it means something...it doesnt!
Spend a couple minutes looking at the filings for yourself....dont believe poeple who are grasping at straws here....These filings happen all the time
Price is going to go down....then it will go back....evenutally
Bottom line...nothing has changed today in regards to uplist...
no position
yes looks at the filings in february...no different
So what? It has filings from many dates this year going back further.....what kind of significance are you trying to say?
Court Case was dismissed today http://www.scribd.com/doc/254581989/Fannie
You do realize that is bad news Friday? Just because it contains the word settlement does make it positive...its in the wrong context. This just gives the government more fuel for their actions of conservatorship.