Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Very reminiscent of Ginsburg's "Salt the Earth" Comments regarding FHFA's actions. And then he ruled in favor of the Treasury/FHFA.
Does history rhyme or repeat? FNMA will find out in 3-6 months.
Or listen to them and realize being close-minded is not good for FNMA.
We need to be receptive to the FNMA Facts and not just repeat the words of the Average Joe Echo Chamber.
Let's not forget where Judges' comments such as "Salt the Earth" and "Mafia Loans" got us last time
Lots of FNMA Facts in the Reuters article. That should help quell the Irrational Exuberance.
This is starting to look like another "Salt the Earth" moment for shareholders.
SCOTUS was definitely a mixed bag. Coin flip at best.
Reuters very negative -- https://www.reuters.com/article/usa-court-fhfa/u-s-supreme-court-weighs-shareholder-suit-over-fannie-mae-freddie-mac-idUSL1N2IP1AZ
Bloombergy 50/50:
SPS staying wouldn't help Commons' share price. At-Will Removal of FHFA Director will likely also hurt the share price.
Elimination of NWS and retirement of SPS (or at least significant write-down) are both required for Commons to appreciate in price.
Great summary of where things stand.
ACG with a reminder as to what's actually being asked for:
SCOTUS Hearing this am. Thompson response to ACB: not asking for a check, just asking for end of sweep & to deem senior preferred paid back.
— ACG Analytics (@ACGAnalytics) December 9, 2020
What was your favorite moment? #CollinsvMnuchin
More worried about Thompson's admission they're not asking for everything Commons here claim they are.
Thompson basically said, declare SPS paid back and stop the NWS, then we're good with everything else that happened.
That's not what Commons wanted.
And I think this is why Commons reversed rather dramatically.
Commons gonna close Red on SCOTUS day?
No bueno amigos!
Yeah, he's getting grilled and failing to make good points. He let the judges ruffle his feathers.
Glad I Sold the Pop.
Not good amigos.
Common Irrational Exuberance. Careful, "Salt the Earth."
Warrants are here to stay, as is the exercise price. That ship sailed long ago.
What remains to be seen is if both the Jr. & Sr. Preferreds will get Converted to Commons to help the Recap.
Exciting times await FNMA!!
Always Buy the Dip in Jr. Preferreds
And Sell the Pops in Commons.
I can sense the FNMA Frustration building across the board.
12 years and Commons are still sub-$3 while JPS have reached double digits multiple times and are holding there.
It's not fun being a spectator and riding the coattails of JPS.
I understand the frustration, I really do.
Hopefully SCOTUS throws Commons a bone, but I wouldn't count on it.
It's still possible FNMA sees $4-5 one last time before the dilution occurs.
That will be everyone's last chance to Sell the Pop.
Hang in there amigos!
200% returns aren't that great? Those seem like incredible gains to me even if it takes another few years.
But, if they Convert at Par at re-IPO, that's 200% gains in 6-18 months. And then, they gain equally with Commons all the way to $1,000 per share as per the Average Joe Plan.
Now do you see why JPS aren't capped?
JPS have a much more realistic dream. Just Convert us at Par at the time of the re-IPO and we'll be ecstatic.
I don't see $20 as being possible for Commons. Heck, I don't even see $10 FNMA being possible without a Reverse Split.
But, we're all allowed to dream.
SCOTUS Leak?! Doesn't bode well for FNMA Commons.
JPS are always the first to know. The Lemmings are always slow.
The FNMA Frustration is running high, it's understandable.
Commons are unable to even break $3 and they're likely heading back to $2.
No Bueno Amigos
JPS are thinking ahead to Post-Conversion days when we are all Commons.
Not to mention, FNMA benefits from the knowledge of the JPS significantly more than the knowledge of the FNMA Lemmings.
Last chance to sell FNMA before SCOTUS disappointment tomorrow.
Can you feel the $2 Magnet working its magic?
These FNMA Facts should be stickied!
Heck yeah! More lawsuits are awesome. We'll definitely get what we want if we file more lawsuits.
Have we found a Lawyer that will accept FNMA shares as collateral yet?
As obiterdictum said, the Supreme Court won't be determining the amount of any award, only whether or not the plaintiffs are entitled to backward relief.
All quiet on the FNMA Front heading into SCOTUS.
Last day to sell before SCOTUS is tomorrow. Those not expecting any fireworks any time soon will be pounding the Sell button and hitting the Bid before the Lemmings realize this.
FNMA bagholders are going to need an Umbrella!
Can we sticky this?
Highly recommended article filled with FNMA Facts.
They could add the Reverse Split also.
Endless Possibilities!
It's unfortunate, but the Warrants will be exercised.
It's Coming Amigos!!
$3-$6 is much more likely than $30-$60, unless you're assuming a 1:10 Reverse Split.
After the Irrational Exuberance runs FNMA's price up, and the FNMA Facts come back into the picture, it rarely ends well for FNMA Longs.
The $2 Magnet is strong.
Reverse Split to $100, then run to $1000 with Treble Damages?
FNMA Facts aren't fun if they aren't bullish.
But we must always be mindful of the Facts and not get caught up in FNMA's Irrational Exuberance.
The post I shared is a scary reality we all face. SCOTUS can't give us what we want, so it's up to Mnuchin and Calabria to give it to us.
If we don't get that by Jan 20, Commons would take the brunt of this since they don't have Contract Claims in front of Judge Lamberth, a case that has already been remanded to him with instructions
Commons might literally get Cancelled if this isn't resolved by Jan 20th. Buckle up amigos!!
#TickTock
Scary reality for everyone in FNMA.
https://twitter.com/HoldenWalker99/status/1334606662271954947?s=20
Mostly for victory dances and "I told you so's" when this is all said and done.
Also to prevent newcomers from getting caught up in the Common Fallacies that propagate the message boards
PS - I'm not Short Commons at this time. Not worth the risk as Irrational Exuberance is known to push Commons irrationally high.
I'll let the big money JPS do the Shorting to help my Conversion Ratio.