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Insane logic. Folks want to be in because we have daily consolidation and it still moves up and gaps the next open.
We are way green today as is an we still have power hour to go.
I'd think you want to be in your seat before the bell because you could see a several dollar gap on Tuesday. There is only book value to consider and we are way way under it.
It's not power hour yet. It would be foolish to be out over a three day weekend with such insane exposure on this now.
Big new could spark a huge gap explosion
I would expect to see a coordinated effort by those looking upward to stage some strategic pushing up. A few small ones to keep it in the range between 3 and 3:45 then a massive push into close to put us near, at, or above HOD.
Seriously. It gaped .25 today it could gap several dollars on Tuesday, maybe more.
Who knows? Just saying, for that reason you don't want to be on the curb.
Try reading a recent article. The federal regulators have changed their tune on fnma and FMCC viability. They are strong and profitable and will now be allowed to pay off treasury.
What in life is ever static? Nothing with $trillions backing it and $billions being made on it.
Yep then right back up. No one wants to be out over a three day weekend. Nader's letter and 3 days of media blasting FNMA cheers!
And there is always a possibility of more news!!
It's a joke pal. Go FNMA!
$2.28 but remember, there is no pre market trading in OTC.
Ok. That makes more sense. I agree hold on for big booster blast!!
Glty2!!
Yes. Thank you for posting. I did read it and the seeking alpha article that says what I have been saying for awhile about the illegal violation of fiduciary responsibility of the FHFA.
I didn't understand your comment about " cancel FNMA" ask only?
I've never been this close to something this big before.
I am so stoked on FNMA!
Book value is $54. If you believe the government has to release them legally then there is a chance to make a 100% or better gain all the way up to $27/ Sh minimum.
Risk vs reward? The preponderance of reward is very much there to $27 minimum.
I don't follow. Please explain
I disagree with your outcome. It's true that every Tom dick and Harry are getting FNMA but they are a small cross section of new money. They players here are HUGE!!
ma and pa are not controlling this however unskilled their trading is.
That would be tough. Good thing tomorrow is Friday ;)
Fnmamazing!!!
Ahem. Not the whole room. Many were saying that you could throw away the rule book.
Some have been saying that we will see exponential gains on the way back up towards, to, and through book value to perhaps a righteous PE of 3 to 10x earnings. What what what???
Yes it's the old, " do as I say and not as I do", rule. This is where dirty politricksters load the boat while they tell you on the news that its worthless and will be unwound.
That's like saying, man all this free money from this giant free money tree is getting boring, lets chop it down! Ya right!
Silly politricksters, now scurry like roaches when we put the spot light in you!!
I don't think we will see that. We will likely see some more head fakes to shake the tree at a higher branch but that will likely be indicative of the trading we have witnessed as of late.
Big money go-rillaz trying to shake out the spider monkeys!
Fnmatm!
Holy carp I see that too. Just like the $2 yesterday. No one actually got to see it happen but it's there right? More mm trickery?
So much volume that the B/A on etrade mobile can't keep up. Trades are all over the boards above and below shown b/a
Looks like another roller coaster day.
FNMA!!
Here is an article you should read before presenting false information. It keeps getting better so try to keep up. This is a hot topic so there has been a lot of research since they blindly assumed Fannie and Freddie were to blame. Now the tables are turned.
http://www.americanbanker.com/bankthink/gse-critics-ignore-loan-performance-1059187-1.html?zkPrintable=1&nopagination=1
Ok. But would you not agree that what we see in pre market trading such as gapping up is much different than what is termed a T trade? If we are to believe this is not ah trading and these are just out of order trades then it is entirely different that pre market. And again, what is the diff. It all smells like mms I pulsation since again, only a mm can do it.
The rules here are written like the tax code. Entirely intentional contradiction and befuddlement.
So why pre market is ok but not after market? What's the diff?
Thanks you too. My gut says that these big boys are good at shaking the tree so I'm going to go ape on this and hang on!!
Exactly. There are now two levels of support below us. One minor and one major at 1.6
My gut says same thing.
Why?
A. There are two levels of support that are above that now.
B. There has been solid consolidation on the daily charts
RSI can be reset by sideways trading well above 1.50 IMO.
It has been you're constant reminder that we are insanely undervalued. This being the case why should there be any rule that can't be broken on its way back up? This is a stock driven by politics, news, and hype.
Lol everyone pontificating while the stock trades sideways. Hmmmm, have we seen this before?
On who? Hmmmm? And why?
I got a response from Fl Senator Nelson. Not everyone in congress agrees with wind down. In fact most ave seen the evidence and are opposed to causing a housing/economic crash.
The few loudmouth senators still carrying that torch are on a witch hunt. They are becoming isolated and I think the underlying reasons behind their positions needs to be investigated. It makes no sense to unwind a healthy company that backs over 50% of us mortgages and does it better as a gse than the private sector in historical performance even in the recession of 08!
They need to be silenced by their homeowner constituents.
Where'd the volume come from?
And like another poster said...perhAps people making under $40k a year should not be worrying about buying houses.
Ill add that there is a good portion of Americans that rent and have no issues with it. Here in Fl many new MRI family rentals have popped up over night and more are being built every day. Those properties have financing on them too.
Maybe if Americans were really concerned about jobs they would stop buying cheap imported crap from Wallmart. It's a self defeating,(fulfilling) prophecy.
Are you surprised? Censorship is never good fiend. Much like real capitalism and democracy free speech works best unfiltered. Let those who deserve a lashing get one. In turn you get the behavior that the majority will approve of.
You as an individual have free will.....to place anyone on ignore or proceed to the next post. The offensive and offended posters either move on or speak to an audience of none.
No one needed the FCC witch hunts to oust Howard Stern from the airwaves all anyone ever needs are your fingers and the proper motivation to change the channel.
Go fnma and free speech.
So very true. When money is not given to you it is cultivated and preserved at the same rate as ones's own level of maturity
Look at who the mms are on level II
There is your answer.
Suckers? We're people with no high loan credit or savings or a job forced to buy at gun point?
Were all the insta rich dummies that bought boats and cars and vacations when they refinanced their home that saw only 20% growth on a home that cost $50k over the last 25 years but suddenly believed they were really worth $300k, were they forced by the rich man? Were these same dummies who don't have income to purchase a $300k home forced to take out make believe equity?
10 years ago I was a busted personal trainer with no hope of buying a home. 8 years ago I became a builder and purchased a $750k home. 5 years ago I lost my job. 5 years ago I started my own GC business and I have never lost my home.
Less bitching and more doing might help your case and whomever it is you think you are defending.
Want change? Make some dollars first.
That's true in Ft Laud too. Got any? I need em bad. Recovery is booming here. Check out Jorge Perez's latest Related Group project. Check out how many million dollars plus condo units are getting built today.
Big money in town.
In that they tell you where you've been I agree but not necessarily where you are going.
I am not discounting charts all together by any means. I just feel that there is only a legal/political issue here that appears to be loosening its grip that is allowing traders to get into a fundamentally under valued stock. Everything is skewed from here to true value or bust.
These idiots need to know when to take a win as a win. With the aftermath of tornados to deal with and hurricane season about to heat up they need to clear their plates of the easy decisions. FNMA is a win for all Americans. That's how they should be treating this.. The market knows there is a minimum double plus to all investors under $27/Sh. I don't doubt we see big positioning up to and perhaps well beyond that point.
He's just mad that someone put Metamucil in his corn flakes, he'll be running all day!
I never understood the idea of waiting 3 days for funds. With fnma sitting on a mountain of black powder spend the $25 for a wire and have the funds available in under 1 hr. Does anyone really want to be the guy chasing over $25?
Charts are not going to be reliable as many have learned. How do you chart a stock with $54/sh book value that has only been knocked down due to politics? And now the political landscape is yielding to the bullish fundamental nature of the stock itself. You think that the upward trajectory is going to adhere to historical charting? No way. Like many have already stated here momentum is gaining. There will be a trigger point that will soon engage the next rocket then another. $2...$5...$10...$20...and so on up likely past book value until settling in where it should be. How can a chart be used on a fundamentally solid stock that is absurdly undervalued that has the attention of the whole market and beyond?
If you follow charts exclusively here your ride will soon be over. Be bold. Sack up and bank!
RSI shows over shorted not overbought.