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My it's early,... FMCKJ also has heavy volume.
A little early in the morning for FNMAS to have this kind of volume,...don't you think?
Let's face it, these securities are highly manipulated. I've stopped trying to worry about guessing too much, and just stay focused on the fundamentals.
Lol, yeah I don't know, just pointing out the large volume. FMCKJ happens to be my main holding.
FMCKJ volume 7.6M shares after hours. This is unusual.
Patience,... I don't play that game either. Fundamentals are improving and a market is being made for these securities.
The stock must become marketable to privatize them...
Yes, I think the statement from Bank of America's CEO is important and good for us. Now watch if others like Jamie Dimon, et al now turn about face.
Bank Of America: Moyihan on Freddie Mac and Fannie Mae
"I don't think changing Fannie and Freddie in some abrupt fashion is wise policy," he said. "We need Fannie and Freddie. They are critical to the transition."
Buy
http://finance.yahoo.com/news/bank-america-ceo-moynihan-dont-162707473.html
And how could you or anyone else that's in this investment not? Look at 5 and 10 year charts, its really big.
Don't be facetious, my TDAmeritrade clearly shows the mega volume day 12/11 for both FMCCH and FMCCL. I was also watching that day and watched the tickers. Its real.
Go look at your charts, your brokerage charting tools are much better than Yahoo. I think everyone is sleeping on their laurels..., or just didn't want to say anything about it.
In FMCCL, the 1.75M share volume is the largest since 2002. I find it very interesting that nobody has said anything about both FMCCH and FMCCL...
LOL. Do you guys realize that the big 8M plus volume on FMCCH is the largest volume EVER observed on this security in the last 10 years. Something going on...?
Odd, senior preferred dividend increased from 10% to 15%, what about the net worth sweep?
http://afrmortgage.com/blog/fannie-mae-and-freddie-mac-wont-require-treasury-draws-after-2012/#null
That's right, if a big plunge did happen again go against your instincts and buy. I certainly wish I bought more, guess I'm not tough enough. August 17th scared a lot of people, including some hedge fund managers.
We are overdue for some good old fashioned optimism...
LOL,...sure, that's the ultimate target price. Cheers.
Yes, there are still uncertainties, but the fundamentals are improving. There has been interest in these shares and there are funds that believe eventually they will return back to redemption value. If you invested in these securities right after the delisting, then you certainly know the fundamentals were far worse then they are today. There has been progress, albeit, slow...
Well, if anyone wanted to take a tax loss they certainly had the opportunity to do it back in August and September...
And,...who bought them?
Yes, I keep tabs on all the preferred all the time. No joke, some of the securities can make big swings... Cheers.
I agree. I'm not convinced yet either,... a solid above 14% would be more convincing.
Of course they do, and everyone else in the circle of trust. Shhshsh, don't say it too loud.
Steady and not too fast is what we need. Hopefully, the MMs are building a solid foundation and filling in the gaps. The trend is promising...
Yawn,...looks like another boring day, nothing to see, move along.
I wonder if the $22.7B in profit from the AIG bailout could count against the GSEs net investment? Really,... does the government care about who pays back the debt, as long as it's paid back..
Now over 1M shares FMCCL up 20 cents....
FMCCH
Dang,... more than 4M shares traded in this low liquidity security.
More like Inspector Clouseau...
FNMFO 348 shares traded, up$1,624 for a total trade of about $1.26M. That security almost never trades.
I caught that too and was surprised. I didn't know Obama was considering Millstein. That is good for us.
No doubt, the sooner the better they settle. Its good for them so they can move on and for us.
That sounds positive for us to me.
The Lord Of the Flys?
Yes. Please remove him, if possible. Thanks.
It's rigged... Buy and hold.
I don't know what to make of it either. To me it looked like a lot of buying and must be someone with very close ties to the MM.
FNMAI
Who and why is somebody desparately buying in big chunks FNMAI,.. Hmmm...
Girls like diamonds,..takes money to buy them. Bachmann smells the money, and when it comes down to money for herself she wont want to hurt us.
Thanks for the tip on RWT. That looks interesting, and may make a good alternative to a mutual fund in a retirement account. With the increase to 28 cents a share, at least that is a guaranteed 6% return next year. Do you think the share price is getting a little expensive on RWT?
Sorry for getting off FNFn topic here.