Live feed......room is full.

I predict that if it trades for 4.26 for more than a minute we'll have another nice little run.

Patswil,
On http://finance.yahoo.com/quote/FNMA/financials?p=FNMA it shows 2015 earnings as 10.1 billion with a negative number attributable to Common shares. I assume this is because of the net worth sweep? For some reason it doesn't have 2016 earnings yet but the trailing 12-month earnings would be pretty much the same as 2016. The PE Ratio is so sky high only because the "e" in PE is so tiny. Again that's probably due to the nws. If the earnings in 2015 for example, were all attributable to common shares the earnings would be 9.44/share and at fri's price, the PE Ratio would be .44! In other words since the government is calling all the shots it is affecting the price. My wild guess is that a normal PE would be anywhere from 10 - 17. The most optimistic PE ratio of 17 based on 2015 earnings would put the price at $160, (based solely on earnings) . Yahoo also has the float listed as an amount five times that of the outstanding shares which is an impossibility.

My understanding is we are one bit of news.... and not necessarily blockbuster news either... away from a $5 price that would enable many funds the opportunity to really pile in for the first time. Then we don't look back unless there is substantially bad news later.

"mnuchin is also very crooked and corrupt. "

It's difficult to tell the truth from our distant position with 100% certainty, but I doubt if anybody would haul their father and children and family into a hearing with him if he was willing to risk telling half-truths or lies.

Short Sellers and rational investors are not mutually exclusive. And I'm certain you know the spirit of what I was saying so I shall not explain.

I feel the selling today was short selling because all indications are that changes could come SOONER than later and WITHOUT WARNING and that regular rational investors would not be selling at this point.

Hmmm. I could have sworn that that was a sale.... half a cent below the bid.

I think yesterday's drop was likely due to the algorithms that trade roughly 75 - 85 percent of all volume traded. It is often mentioned on CNBC that these computer algorithms are constantly searching for keyword(s) and are able to react within milliseconds.

Man, Stockman. You are really riled up. I have a Valium pill in my pocket if you want it.

One of the most bullish things I heard was...."Again I don't want to make any commitments to legislative or not".
This says to me that he is open to/(has in mind?) solutions that won't be a long drawn-out process to restoring FnF.

Also, as I recall, he said he was an expert in matters of Fannie Mae because of his 30 years experience in the mortgage industry.

You mean closet shorts.

Nothing disappointing there at all.... "Again I don't want to make any commitments to legislative or not".

Bottom in

rekcusdo, obiterdictum,

What are the ramifications, if any, of this? Thanks....

http://www.themreport.com/daily-dose/01-18-2017/fannie-mae-no-longer-automatic-path-federal-court

Great Scarmucci interview on cnbc. Will be available for viewing shortly. Gives u a good feeling about Trump and assuages a lot of concerns.

Jack Lew the current treasury secretary will be on CNBC shortly.

I thought that 200 billion was for both Fannie and Freddie?

You are just one more reason for all of us to be long. Thank you.

"Recommendations".. "Congress should consider legislation that establishes objectives for the future federal role in housing finance, including the structure of the enterprises, and a transition plan to a reformed housing finance system that enables the enterprises to exit conservatorship. "

http://www.gao.gov/products/GAO-17-92

Thank you.

Can someone tell me again what hours opinions are released (typically) in the Appellate Court eastern standard time? TIA

No opinion released today was ours.

icahn on cnbc now

http://www.zerohedge.com/news/2016-12-18/coup-or-not-signs-watch-electoral-college-votes-tomorrow

Friday, Jan 6
http://www.nytimes.com/2016/12/18/us/politics/the-electoral-college-meets-monday-heres-what-to-expect.html?_r=0

I don't see any indication who the owner of those stocks are. It's just a list of stocks. What good is that?

I didn't see this posted. The last 20 seconds are awesome. http://video.cnbc.com/gallery/?video=3000574296&play=1

Additionally, there's always the chance that he has skeletons in his closet. The conspiracy side of me wonders sometimes if perhaps this administration prefers to pick people with skeletons in their closet just so they can manipulate them.

1 ruling... not ours... posted.

Question for anyone... Does naked short interest go away completely once we get out of OTC?

Get ready to buy.

Ihub has good charts too, as well as 100 other sites.

If there is selling I think it will be very slow because everyone realizes that good news, especially from the courts, will instantly turn this investment into one of those very rare chance-of-a-lifetime opportunities. Missing that would be one of those regrets-of-a-lifetime.

I suspect many of the sellers today will want to be back in for a potential Friday opinion announced.

Pullbacks are healthy. Long runs without pull backs are even more unstable and more volatile. Nothing goes up in a straight line.

cnbc about to discuss dt's picks impact on housing after the break

Reksdoo,
Just so I understand. What happens if we get an unfavorable ruling an appeals court, now? Is that a mute point now?

Anyone have a broker that allows pre-market trading in FNMA?
Ameritrade will not I would like to know who does. Thanks.

There went somebody's pennant.