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I don't know about that,... back down, did somebody dump shares? I'm being cautiously optimistic.
Why is someone willing to pay this when they can buy any of the other preferred cheaper?
What new terms? Something to be announced?
What a day! Was it good for you guys too? Lol.
Freight train coming through, FNMA $1.
Well,...whatever, looks like the common may have a 100 M share volume day, and are breaking $1 , after which things could get interesting.
It must have been pure luck or intuition I bought some common in the forty cent range Monday. Something was bugging me this weekend to buy some common. How can I do any work today with this action today..
No kidding, with the kind of volume the fnma and fmcc had today they need to be listed on NASDAQ. The ask could not even keep up with the bid.
Good. BTW, I just recently picked up some common shares in my Vanguard account, and thought it was odd how Vanguard labeled the common security. Vanguard labels the common as "Fannie Mae Voting Stock". I was wondering if anyone else noticed this. Thanks.
Stockanalyze may have a point there. I agree that the future of the common is more cloudy to see than the future of the preferred. I do think there is value in the common. The original holders of the common were just about as screwed as the preferred, although the original holders of the preferred even more so, especially when you have the treasury telling folks to buy without limitation, and banks held the preferred as Tier I capital.
Lol, like a child on Christmas Eve night. I remember not sleeping most of the night and my parents telling me its 2:00 AM and to go back to bed.
I understand how you feel. We are so used to being bent over that when the good things we foresee happening one day, do happen we will be in disbelief. When it does happen, with all the crap we have been through, we and our families deserve it. Cheers!
Yeah, FNMAS up $1.12 to $3.20 After hours on 30 M shares. She's got legs. :)
Good find, even more money that might possibly come back to chip away at the net investment.
You have got to be joking,...you too and Joe.
Sure, look at the last 3 years and take the average price, lol.
I know, I put too much at stake too, and worry too. But, I just keep thinking if the R word was going to happen it would have happened a long time ago... they have had far too many chances to do just that. Let's hope for the best and stay positive.
I guess what I meant to say is what exactly is bothering? What else is there now, we are just waiting on earnings...
Haven't they posted as late as the 15th of March?
I know,.. I worry sometimes too. This is a great forum.
You seem quite nervous about this investment, maybe you shouldn't be in it. This is a longterm investment, and longterm players will win here...
Doesn't look like that to me, your obviously not carefully looking at the 3 and 6 month charts. Boring is good, slow and easy move up.
Not this morning, lol, taking some time to count...
Maybe,...maybe not, hard to tell. Now why is Fannie Mae's earnings spaced out so much relative to Freddie Mac's?
Damn sound doesn't work. What is the name of the hearing and website so I can find a better link to the stream. Thanks.
The author of the WSJ is the loser...
Happens all the time in biotech stocks, right before a good announcement, MMs artificially drop the share price, then snatch up as many cheap shares as possible for the next trip up.
If Fannie's earnings are thrilling, then that in part explains why there has been a bear raid of the preferred today.
Shake out of weak hands.
The accountants and executives may have been shocked at how good their earnings are and checking it all very carefully.
Tuesday morning is my guess.
Freddie Mac and Fannie Mae Surging in 2013 as U.S. Housing Market Continues to Improve
http://finance.yahoo.com/news/freddie-mac-fannie-mae-surging-132000154.html
When's the last time you guys have seen an article with the word "surging" used with FNF?
I agree with you here, I'm just not convinced about the chances of the common. They will likely be highly diluted at some point, reverse split, etc. Although, with the daily volume they have had for a very long time somebody must be buying them.
What's next for shareholders?
http://problembanklist.com/freddie-mac-stock-jumps-on-earnings-what-next-for-shareholders-0606/
How many articles have you guys seen that actually mention shareholders?
Just seems to me like political posturing. I think we are very slowly seeing a change in political sentiment about these companies. Besides, arent taxpayer and shareholder the same. The taxpayer is a shareholder, the shareholder is the taxpayer.
So what hell is Corker saying?
Give the old lady some slack, she has to get her trifocals out to hide stuff in the fine print. Maybe Monday AM...
There is nothing wrong with steady as she goes as long as it is in the direction of growth. Besides, its much better than the alternative of pump and dump. We have had enough of that mess, don't you think.
Hold off on the caffeine, Patience...
It's a little too early in the day. Remember Freddie generally has rockstar hours. Besides, maybe this could be the start of a very long steady climb.
For those folks with spouses or family that don't know what the heck the GSEs do. Here's a nice little new PR on Freddie Mac.
http://www.freddiemac.com/corporate/company_profile/fm_your_mortgage.html