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etrade is a great stock to get in and hold for long term. Long term this is a winner, and will head back into the $15.....buy and hold.....cant go wrong at these levels
so ytour saying taking profits isnt smart?
no news is not good anymore. and the stock will get old quickly if no news is not announced in the next 24 hrs
feel sorry that bought thinking there would be news today
asii will probably retrace down to nearly 0.001's again as news is not delivered
if news hits then we might see 0.005 again
if there is no news today = selloff
just take profits guys
no news = .0015 , but i have faith, hopefully he proves me right
i think we will test 0.0015 today imo, but i will be buying more wehn we do
wheres the news?????? this is typical by this company
put in thos GTC orders for 0.05 and above and see what the shorts do to this stock, with no shares available to short
why Global Staffing Inc is going with ã pink sheet ASII. with 15 Milion revenue it could have IPO at few dollar.
what time do they usually come out with PRs?
proft takers already did what they had to do on friday
this is ready for the next leg up tomorrow
see you at 0.008 tomorrow
is the stock honestly going up because of this post?
this may sound stupid but who is LEXY?
did anyone trying contacting company when the news will be out???
CLAYTRADER SAYS 0.0095 NEXT RESISTANCE!!!!!!!!!!!
WOW!!!!!! THANKS CLAY!!!!!!!!!!!!
10 MM'S AT THE BID OF 0.0038 LOL
.005 WILL BE HERE IN 30 MINUTES
MM'S ARE DESPERATE FOR SHARES!!!!!!!!!!!!!!
WOWWWWWWWWWWWWW........0.01
.01 close!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
everyone who has shares put in GTC orders at like 0.02 and watch what this does
mm's dont know what to do...they dont have shares!!!!!!!!!!!!
look slike a 0.004 open
this stock is going to tank imo becareful peeps
i'm guaranteeeeeeeeeeeeing a james bond close or higher today
EVEN CLAY BOUGHT SHARES.....WOW
i can see this hitting 0.01 like you guys think in the AM. IMO if news comes, it wont hit 0.01. NEWS will kill the momo
just placed an order for 1 mil shares at 0.0027 ...what are the chances this fills tomorrow guys?
thanks...when is the merger supposed to happen? and if it does, what do you guys expect price to be?
looking to get in with 1 million shares tomorrow for the heck of it
WOW...CAN ANYONE TELL ME WHY THIS STOCK IS UP SO MUCH???? JUST REACHED MY RADAR
i think its a great buy at these levels. This company saved BK with the feds. I have a close relationship with the IR dept, and it's very upbeat today. They know longs who havent sold who are in with 10+ averages
this is not considered a win yet
TMA is alive and kicking today....the FEDs saved us for once....
i expect this to close at $2.20 or so
TMA is probably the best buy on the market. If they can figure this situation out, they can easily be a great hold 10x its current pps. But that's an IF
it's a gamble with this one. But i own 75,000 shares and I am long....until BK or until we get back to double digits
dont worry, did you see that large buy at the close of friday?????
AP
Pimco Buys Thornburg Paper
Friday March 7, 5:55 pm ET
Pimco Buys Thornburg Paper for Undisclosed Sum, Founder Says
NEW YORK (AP) -- U.S. bond giant Pimco has purchased "hundreds of millions" of Thornburg Mortgage Inc. paper in the last few days, Pimco's founder and chief investment officer said Friday.
"We've bought a little bit of the paper, not a lot," William Gross said in a CNBC interview. "We're talking about a few hundreds of millions, I guess, but there's a lot of paper to buy."
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Gross declined to say how much Pimco paid for the paper, but said it was buying it to yield between 9 and 11 percent "on an average life type of basis," assuming there are some defaults and some losses within the structures.
Home-loan lender Thornburg on Friday said there is "substantial doubt" about its ability to continue as a going concern, citing deterioration of prices of mortgage-backed collateral and a liquidity position that is under unprecedented pressure.
"They do have AAA paper, but remember, it's AAA paper that's basically been rated AAA by the services, and we know that it consists of a lot of subprimes and other structures that are trading at 70 to 80 cents on the dollar," Gross said.
A spokeswoman for Thornburg later said that the company is a prime lender with no subprime in its portfolio. No one from Pimco was available to comment further.
"That's a very attractive type of situation. Ultimately, we expect the paper that we're buying to...provide close to double-digit returns," Gross said.
Thornburg's most recent problems began two weeks ago when UBS AG announced that it was writing down the value of securities backed by Alt-A mortgages, a move that decreased the value of similar securities held by Thornburg that it was using as collateral on its borrowing agreements. The company's creditors responded by requiring Thornburg to put up $300 million in additional collateral, which it was able to do using its cash reserves.
But last week, Thornburg was hit by an additional $270 million in margin calls as its collateral fell further, and the company said it wasn't able to meet "the majority" of the new cash requirements.
Thornburg on Thursday was circulating a list of slightly more than $4 billion in alt-A mortgage bonds available for sales as the home-loan lender struggled to raise funds to meet demands from its creditors. They were being offered at a discount of more than 90 cents on the dollar to as low as about 75 cents, said an investor familiar with the matter.
Alt-A loans are made to borrowers with generally strong credit but are loans that lack adequate verification of, for instance, income or assets. This lax paperwork paved the way for aggressive lending to the less creditworthy and emboldened borrowers to exaggerate their financial prowess. Such loans were also a favorite of real-estate investors holding to flip properties for a quick profit.
Bill Gross of Pimco is someone who has shown pretty decent judgment in the past between discerning reality versus perception making a decent sized bet on Thornburg.
From WSJ story: Even Thornburg, 'Strong' Lender, Is On the Brink
http://online.wsj.com/article/SB12049150...
William Gross, chief investment officer of U.S. bond titan Pacific Investment Management Co., said on CNBC on Friday that the firm bought about $100 million of Thornburg's debt in the last few days. He expected the return on the investment to be close to double-digits.
This entire bogus crisis has been filled with reporting of the lowest caliber in the press. The Barron's article on Fannie Mae is a new low on this front. What stupidity.
The media has contributed in making the crisis by swallowing whole unquestioningly that there is
a real problem vs a problem that's largely a accounting technicality -- mark to market accounting versus loan loss accounting.
In effect they have swallowed whole what the Bill Ackmann and shorts point of view on MBIA, Ambac, Fannie Maes with zero skepticism. Know nothings like Herb Greenberg has been complicit in fanning the flames by publicizing the shorts views like it were the official story. Further they have ridiculed the notion that these companies are just bystanders to
the credit panic that has zero real financial impact on them as will be apparent soon. Anyone with an understanding of their businesses would understand why it's preposterous to suggest that they have a real financial problem versus a problem of accounting and perception.
Can't wait for the enormous short squeeze in the most egregiously affected names like Thornburg, Carlyle, Fannie Mae, Freddie Mac, Ambac, MBIA and numerous others and seeing the egg on the faces of these know nothings and the excuses that they make for why they got it 100% wrong.
A government bailout of sort can be helpful to say the least.
TMA lost -874.95 in 2007, however in Q4 2007 it made 64.83. I feel that the losses were mostly generated in Q1, Q2 and Q3 (gosh I'm smart!). Those earning are currently being turned into losses for Q4.
My question is, is TMA solvent? Can they make money.
At this time my answer is no. My reason is that TMA is cash poor. I feel that their business model is faulty - they are spread thin - 33% thin as they borrow 1/3 of the money they need for loans.
In the past their business model has worked, but the times have changed. Mutual fund holders got and read their end of year statements and they are pulling out of stocks, changing to "safe" investments. The idiots are forcing the funds to sell low.
I think that TMA have 30 to 36 billion in mortgages, correct me if I'm wrong. At the current stock price TMA is worth 286.86M.
That is a huge earnings leverage. We're not talking pennies on the dollar, we're talking about percentages of pennies on the dollar.
BAC bought CFC in January. BAC will be able to milk CFC looses (via taxes) for the next 5 years. It was the deal of the Century for $6B ($4B + $2B already owned).
TMA is better because it's mortgage defaults are about .50%, where CFC was at 7% and has risen in January and February. BAC says the deal is still on regardless of the news that losses have increased. What nice guys to allow Uncle Sam to help them.
TMA needs to be bought by some bank or financial institution with cash. Many banks haven't been buying back their own shares - maybe they want to do a little shopping on the discount rack.
How TMA may meet margin calls: 8-Mar-08 07:08 pm The FED is exchanging mortgage backed securities -- of the irrationally-priced, illiquid sort that TMA holds as collateral for the loans that are being called in by JPM, GS, etc. -- for short term treasuries (which are liquid and rationally priced).
My question about this strategy for meeting the margin call is can TMA exchange its mortgage backed securities directly with the central bank, or must it involve the central bank in a tri-party negotiation so the the lender take the mortgage backed securities from TMA with a secondary agreement between those loan holder and the central bank regarding the terms of exchange for those mortgage based securities and the liquid short term treasury notes that the central bank is now offering for them?
Here is a news story outlining the FED's new program of exchange:
http://www.marketwatch.com/News/Story/fe...
http://www.marketwatch.com/News/Story/fe...
"The Fed moves will allow the central bank to take mortgage-related securities as collateral from financial firms in exchange for short-term loans. The market for these securities has seized up in light of no sign that the housing downturn is ending."