Fannie Mae Pfd. Series 2004-1 (FNMFO)

[RickNagra]

We have volume gentlemen.

[RickNagra]

Still waiting for volume to pick up. Sure is slow. Slow as molasses. What’s the holdup ? Inquiring minds wanna know.

[RickNagra]

This security FNMFO should start picking up activity this week or next. I am expecting my good buddy Mnuchin to announce the fourth amendment the week of January 11.

[Angelmin]

Rick you are not alone. What went wrong? The answer will be clear and very soon.
Go FNMA AND FMCC!

[RickNagra]

Sometimes I think I am the only one here. Kinda like talking to himself. I like to discuss what’s bothering me now. I can’t believe Trump lost by a narrow margin. What a fiasco disaster. We Fannie investors would have been golden with a T win. What went wrong ? Maybe the mask thing ? Maybe bad mouthing Philadelphia or Fauci ?

[RickNagra]

Going up north.

[RickNagra]

Sure could use some more whales here. Whale power I say.

[RickNagra]

We need whales for some serious slapping here. Sometimes I think I am talking to myself here. Helllllooooooooooo. Somebody slap. Slap it good.

[RickNagra]

Calling all whales.

[RickNagra]

Whale alert.

[RickNagra]

Waiting patiently for $30,000 I believe it’s coming. I’m sure Guido would agree with me.

[RickNagra]

Interesting pop today.

[RickNagra]

Wow $45,500 is very impressive. Clearly institutional investors and mutual funds and insurance companies are slapping the ASK. One should always slap the ASK generally speaking of course. Par value is $105,000 so we are almost half way there. A few months ago price was $20,000. So go ahead if you’re in a good mood then slap away. Slap it hard the ASK. Pretty soon I can see $60,000. That’s a whole lotta slapping. Beet red. With a positive En Banc ruling $75,000. More slapping. Slap away. The Count on Sesame Street would often say “I love to count” but with FNMFO The Count would say “I love to slap” {insert laughter and lightning}.

[RickNagra]

Price keeps going up. Should print $100,000 later this year. Great indicator for the common shares.

[RickNagra]

Wow.

[RickNagra]

Volume picked up today. Someone clearly is buying. Obviously a whale no doubt. These whales are awesome. They are in the loop and when they start feasting take notice. Whale watching anyone ? They love tasty treats and tasty bites. Not to be confused with the tasty bites available from Costco. FNMFO is important because it serves as a precursor to FNMA. I am WhaleBalls.

[RickNagra]

Volume should be picking up soon. Squid is in and the Otter on his way out. Nooch calling all the shots. Potty buying all the float here. We are in good hands. What’s in your wallet ?

[RickNagra]

Volume 5 shares today. That’s really good. Someone knows something a big whale no doubt.

[RickNagra]

Should be printing a pretty $32,000 real soon. I’m thinking of slapping the ASK myself for 0.00001 shares. That’s ‘bout all I can afford.

[RickNagra]

In the next 4-6 weeks look for $40,000 to print. Calamari on deck. Nooch is on board. The Otter is plotting the course. What are you doing ?

[RickNagra]

Nice volume today. I am WhaleBalls.

[RickNagra]

Nice big buys going through the last 6 weeks including now today. Something is brewing behind the scenes and it is not the coffee machine. I am WhaleBalls.

[stocktrademan]

FNMFO bullish 11000

normal chart


log chart

[golferman]

Why is this stock on the grays and all the other Preferred's on OTCBB

[jwnoble3]

The FNMAS board is most active for F&F prefs.

Here is a list of F&F equity tickers. The ones currently $8-11 are $25RV prefs the ones currently $16-18 are $50 RV prefs.

http://finance.yahoo.com/quotes/FMCC,FNMA,FMCKJ,FMCKI,FMCCM,FMCCK,FMCCT,FMCCI,FMCKK,FMCCG,FMCCH,FMCCL,FMCCN,FMCCO,FMCCP,FMCCJ,FMCKP,FMCCS,FMCKO,FMCKM,FMCKN,FMCKL,FNMAP,FNMAO,FNMAM,FNMAG,FNMAN,FNMAL,FNMAK,FNMAH,FNMAI,FNMAJ,FNMAS,FNMAT,FNMFM,FNMFN,FREJP/view/v1
Yes, I think good upside potential. Huge milestone on one of the large lawsuits was announced on Friday. Link below-

http://www.valueplays.net/2014/04/04/fairholme-wins-court-vs-treasuryfhfa/

[stockprofitter]

FNMFO undervalued by minimum 3-500% IMO.

[stockprofitter]

FNMFO target $75,000 before summer 2014.

[stockprofitter]

Huge profit potential here with FNMFO

[stockprofitter]

300% opportunity.

[sidedraft]

Up 38%....somebody thinks good things are coming. A $4 million buy says that loud as hell.

[sidedraft]

If the seller of the one share at $11,500 bought it around the first of the year, he still made a good trade.

[sidedraft]

All I see is from the prospectus:

a stated value and liquidation preference of $100,000 per share.

http://www.sec.gov/Archives/edgar/data/310522/000129993305000033/exhibit1.htm

[jwnoble3]

FV for this preferred is $105, 000.

[sidedraft]

This listed one seem to be it:

http://www.fanniemae.com/resources/file/ir/pdf/stock-info/Terms_01032005.pdf

http://www.fanniemae.com/portal/about-us/investor-relations/stock-information.html

[OffConstantly]

If someone would be so kind, could you explain why this stock is worth 15k a share? I can't find it in the classes listed here:

http://www.fanniemae.com/portal/about-us/investor-relations/stock-information.html

[sidedraft]

Be careful out there, there are two(2) shares short.

http://www.otcmarkets.com/stock/FNMFO/short-sales

[Jamming1]

Bought all I could.

[sidedraft]

Just one transaction so far today, for $1,062,500.00.

50 shares at $21,250.00.

[sidedraft]

Leading the way....

[sidedraft]

OK, make that $15,340.

[sidedraft]

If FNMFM is any guide, this thing should be at $18,000.

[sidedraft]

After hours: last trade... 1,243 shares at $7,375.00

[jwnoble3]

I want more, but alas out of dry powder.

GL sidedraft

JW

[sidedraft]

THe last transaction for 50 shares at $5250/share[2/21/2013-15:00], looks like someone is still gathering up baskets of shares, even at over $5000/share.

[sidedraft]

Now at four and 1/2% of face, could turn out to be real cheap.

[sidedraft]

On September 7, 2008, the Federal Housing Finance Agency, as Conservator of Fannie Mae, announced that Fannie Mae would not pay any dividends on common stock or on any series of outstanding preferred stock (other than the Variable Liquidation Preference Senior Preferred Stock, Series 2008-2).
Additionally, the Senior Preferred Stock Purchase Agreement prohibits the payment of dividends on all common and preferred stock (other than the senior preferred stock) without the prior consent of the United States Department of the Treasury.
For reference purposes only, the dividend rates on Fannie Mae’s outstanding preferred stock for the first quarter of 2013 are as follows:



http://www.fanniemae.com/resources/file/ir/pdf/stock-info/dividend_statement_rate_reset_123112.pdf

[sidedraft]

Somebody thought that 15 shares at $5250.00 on the 18th was a good purchase, I hope they are right.

[sidedraft]

1/9/2013 Form T for $5,000.00 - 50 shares.

[sidedraft]

Is this a transfer?

[jwnoble3]

No canary here...just VERY low volume = extreme volitility.

the gse pref are a unique chance