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Made 56k in three days, not going to get greedy...I will reasses tomorrow. Good luck
I booked profit at 1.87... was sitting on 200k shares...had to sell...
And you couldnt see the top at 5+ thats why you are sitting on the same batch of commons you started with. You can talk all the trash you want, pumper, basher, little monkey etc...good luck sitting duck.
Shake shake shake
25M-50m in commons - per his 5%-10% common purchase of his 500m investment. Read his statement
1.97's printing
1.98 get ready to run...
Regarding Franklin templeton, your post has now vanished but... You replied back "I see they own 16m fnma commons and fmcc common..." they were preferreds as you later found...I typically dont listen to peoples posts as I do my own dd...bad move on my part...I knew they owned preferreds not common... Lego, go pound sand...
Correction: those shares franklin templeton owns are different series of preferreds. I received a response from someone on the fnmas board on preferred related post...they stated to me those shares were commons...I made a mistake by not verifying in further detail...
Most of you may have already seen this...but it goes to show you this list is not even close to being all inclusive as franklin templeton is not listed...
http://investors.morningstar.com/ownership/shareholders-major.html?t=FNMA
HUGE: Franklin Templeton 17m commons
Franklin Templeton Fund
They bought +-17m commons @ prices between $2.25-$3+ (do the simple math below)
FEDERAL NATIONAL MORTGAGE ASSO
$7,006,248 - 2,399,400
FEDERAL NATIONAL MORTGAGE ASSO
$8,400,000 - 3,000,000
FEDERAL NATIONAL MORTGAGE ASSO
$38,298,000 - 11,784,000
https://www.franklintempleton.com/retail/pdf/fund_perf/port_holdings/4309_holdings.pdf
Franklin income a fund (franklin templeton) ... fkinx (ticker) 77b fund...owns 11m shares fnmas recently purchased, reported 3-31. Fidelity added 3.5m commons 4-30 reported...and fairholme 25m-50m commons recently...I havent seen fairholme show up on any reports yet...
By not including liquidation in the first draft....they would be leaving a lot of $$$ on the table...
Hey obit...you have more patience than I to explain the facts to people, not to mention I have it all stored in my head and dont want to go back and find links for people...im sure many are glad you do this...unfortunately very few posters understand the facts here...its understanding as it takes lots of time to research and to digest and process it all...thanks for bringing people up to speed...good luck this go around... looking good so far...
From here we ride it looks like...
What Happened to your .91 call a week ago...or this week, "we must see 1.15"...lol...how do those 180's taste?
I got that info from morningstar...I added share count quicky in my head while I was on the phone... so 19m will be off by a little...
Getting drunk at a dive bar with monesthind...
Just checked her out, been busy...booom 1.90. Loaded to the gills for this run, looking stellar so far...
We may just hop over the wall tomorrow morning like we did this am..gotta do some work for the rest of the day...ciao.
Not including hedge funds, there are +-19M shares of fnmas held by 20 diff funds...
What happened to aunt fannie lol? She sold her .80's at .99 and never got back in after we started to run...lol...and she used to post and tell people, this is the type of stock you buy 200 a month if thats all you can do...she popped in here after the 5.44 run when we were at high 1's saying how it was going to under a dollar...lol...funny how people get washed away, never to return to the board...I could only imagine what some have seen since the .20's...
Wait until dividend payments hit net zero of bailout monies...should be this quarter or more than likely next. Then the cost the taxpayers money bs statement is worthless...will get much more interesting then imo.
Looking strong
Fnm.sg close 1.14...he is right...but another fnm.mu closed at 1.25...there is another as well...so you are wrong...
Starting the morning off nicely with 10000 @ 1.73
We will see...but I have a feeling many will be chasing today...
No worries
No worries
Commons...not preferreds...
There is a lot to be done...
You can listen to it from the bipartisan policy center website..podcast...
I only caught the tail end of it but one guy said the corker plan isnt going anywhere...called it a harvard study at that..
Im sure many have different views on this...personally, I like to be conservative and use jim millsteins (he did aig restructuring) valuation that he used in his proposed plan to congress...it assumes gov exercising it's warrants and spinning fnf off as mortgage insurers...he valued fannie at $18pps. If gov warrants arent exercised (may be a takings issue as they got them for .00001) or if gov reduces the senior preferreds of 117b by excess dividend payments over the 10% per year (currently about 50b) and/or fannie returns to previous form and function then that number would go up significantly...thats my short, down and dirty answer...hope it helps.
This is the first stock I have ever traded...I bet you were one of the kids that used training wheels huh? Like lego said, its confliction not conviction...remember, im the rookie here...you guys reminded me of that...now my turn to remind you...good luck, I hope you do well...pop...have a glass of cristal and chill...
Hank Paulson, james lockhart and tim geithner are gone...next on the hit list is demarco...almost there...
I added 50k last week at 1.69 and 150k first thing this morning average 1.61.
I will add more under 1.50 otherwise im good to go for next run. Good luck
All my posts are there for you to read, eat your heart out...as of late, I have deemed fnf dead...good luck.
Great to hear that...