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.
That pissandmissem in your attitude might explain your disposition of the market. How much is a lot of money? It's like saying, how much is a car or a house. It's all relative to the individual.
For many here gains from a few thousand to 10's of thousands could mean a new car or vacation. For other here a few hundred thousand could be longer term security or perhaps just a new toy. Hell some here might think they hit the lotto with a profit of a million $ or more yet others might just use it to buy fuel for the yacht this year. It's all relative and a good many here will be happy to have those gains no matter how your perception of that is.
Btw perhaps you are putting way too much emphasis on Fibonacci while at the same time missing some very crucial key factors.
Question; do you think Warren Buffett was concerned with fib retracing when he went dumpster diving for all those fundamentally golden and undervalued stocks that BH holds?
I think like many shorters in the OTC you just take the Nite capital philosophy of shorting 100% of the pink pigs here with the expectations of winning 90% or more. But you are playing with fire here pal. You might want to get that burn kit ready, it sounds like your going to need it. Perhaps you should hedge by investing in an ice cube company?
This is my letter to all my reps: what do you do other than complain?
I am writing you today to implore you to stop the witch hunt of Fannie Mae and Freddie Mac. I am attaching two articles that in addition to the record profits that they are providing to offset the national debt prove beyond a shadow of a doubt that Fannie and Freddie not only are sound and performing enterprises but that historically they have out performed their peers in the private sector and with less annual losses. They need to be released from conservatorship immediately as c-ship is for restructuring or dismantling of a company in bankruptcy which neither f and f are. In fact the $60 billion dollars they are sending the treasury is testament to this fact. There is another $200 billion in bank awards being sought in federal court that also proves they were not at fault.
Fannie Mae and Freddie Mac as a GSE provide a solid structure for home ownership in America. Release them from c ship and stop the larceny and the c ship now.
Here are 1800 reasons for you to consider.
http://www.americanbanker.com/bankthink/gse-critics-ignore-loan-performance-1059187-1.html?zkPrintable=1&nopagination=1
Can you say outperformed? Can you say losses during crisis years were commensurate across the board?
It is ridiculous for any politician to still want to blame F and F in the face of all the evidence.
Between the court cases against the banks and the 1800 comparative analysis performed that shows f and f outperformed all privately issued mortgages historically year over year anyone who still thinks f and f is to blame or that reform is needed is conducting a witch hunt.
I would strongly suggest all shareholders here to copy the posts that both blue and obit recently posted and send them to your congressional and senate reps today!! Tell them to stop the witch hunt and free f and f!!
Wow. An excellent find and read. 1800 comparisons! All indicating that GSE loans outperform private loans and incur. lower annual loss rate. When compared during the crisis years to private loans the losses skewed in commensurate fashion.
This is a political football that a couple of dorky politicians are trying to make a name for themselves with. These tards are willing to put the entire system back into a stage of chaos for their own self interests. Good grief.
"And yet, large numbers of people remain convinced that Fannie and Freddie's underwriting standards caused the mortgage crisis. Why is that? The only plausible answer is that people are besotted by social stereotypes. Words like "government" and "affordable housing goals" make them jump to the unsupported conclusion that underwriting standards were compromised. "
Lol! Clearly they were not. Hey here's a novel idea, maybe if unemployment was lower, like it has become recently, people can pay their mortgages!
We know that but thanks Captain...
The hedge funds have started putting big bets that the c ship will end.
C ship is for companies in a state of bankruptcy and provides re structuring or dismantling of a failing enterprise. Since FNMA and FMCC are neither bankrupt or failing it becomes increasingly difficult for the gov to make a case for it.
Add lobby power from hedge funds and a bevy of financial and other media coverage including Bill Maher and its an issue the public won't let them ignore.
So if you must per in the cereal bowl do it in your own.
No doubt brothers. I'm cleaning out the garage of everything of value this weekend.
A two fer...the wife will be pleased!
That the biggest indicator we have here. This is no pink sheet junk. That's big money and to think that it is only the tip of the iceberg. IMO there are/will be many looking to fleece folks of their shares here with scare tactics. Some will even come in the form of "news" articles. But fear not, there was over $400 million reasons to buy common stock this week. Don't believe the negative hype or the wolves in sheepskin clothing, you know.....the "usual suspects".
FnmAwesome!
Sir. You are very much correct about that and the implications it carries with it. I am waiting for the line that the sheeple have placed for themselves as the line of demarcation for the deliberate insulting of the collective intelligence. At some point even the sheep fast asleep will react to something. Blood is coming.
You have thousands of past posts to read through and then you will be an expert in as much as any Wall Street writer or anyone here.
You can also check out:
Bloomberg news
Baron's
The WSJ
Or just about every news publication in the country in the last four weeks.
FNMA is an Fn mAnimal!
The government is fairing very well with f and f. They have senior preferred shares to sell and they are already almost whole in terms of initial return of principle based on the divies they TAKE.
This win for f and f will return all of the taxpayer principle in spades for all bailouts made.
The smart thing to do politically is take the win while its clean. If they wait they will get some blood on their Lilly white oxfords.
That's funny. Shows my age. But I think we all agree with the general concept here. Lol.
Cheers it's Pau Hana!
Lets say you paid $1800 a seat for floor seats for Led Zeppelin and Black Sabbath double billing with Bonzo and Randy Rhodes brought back from the dead. Pour a drink, take a toke and relax you are in for the best show of your life.
Fn mAwesome!
Too many. That level is support now on the daily/ weekly. It will continue to ratchet up. Book value is $54. Earnings as of 10k was $16/Sh. New 10q says its more now.
This is a legal battle and political battle. Seat prices are going to go up every week as pressure builds. Funds are adding to the pressure hugely. This is f-ing awesome!!
Anything under $25 is a minimum double if/when the law is laid down!
Riddle me this: if the RSI is in the overbought zone yet there is predominant selling at the ask would that overbought actually be indicating that in reality it was over shorted? The RSI at present is a false indicator. I believe fir this reason that blue is correct. If you look at the daily short reports leading up to this I don't think we've seen the requisite volume to have satisfied all covering. So squeeze? Anyone?
I know. But that was never my plan. Instead I buy and buy more. If like many other stocks there was no basis besides forward looking statements to account for the pps I would be doing just as you suggest. But in the case of FNMA we are grossly undervalued. The only reason is both a legal and political issue. The math is there. I have my bet on the side of the law. What was at first a highly speculative play has gained serious and deep pocketed support. At each level of added news, and pro player support I get more bullish on the bet.
My career pays the bills for the family This pile that I am trying to amass is for big long term gains as I believe more and more that FNMA is too big to curtail.
Americans whether republican or democrat all have home loans that are tied to them. FNMA is as American as mom, baseball, and apple pie and moms got a pie in the over for this hr slugger. Batter up!
LensCrafters? Perhaps you need a new prescription? Look who is loading up here. The flippers and day traders are losing ground to folks with big ships lined up at the dock and more waiting to come in to port. Lol.
I thought the annual report said they earned $16/Sh? That was prior to 1st q profits.
So true blue! Time to support those that support FNMA. Make folks pay for those shares in your pocket, they are made of gold for crying out loud!
Its a bit funny that JC Penny,(and many others), that can't seem to gain an identity or customers, is trading at $16/Sh and has little to no hope in capturing any future market share in the retail dept store sector. Yet FNMA is healthy and clawing its way to the top of all heaps despite the incredibly large albatross of c-ship it has to carry along with it and folks are content to see her at a buck fitty?
There is no short trade here that would compare to the long term gains of seeing a proper valuation on FNMA. The real jokers here are those that differ from that estimation. With hedge funds buying it seriously behooves all that are vested to support the upward trend in pos and at the same time support the political move to end the c-ship that is being used to hijack a public company of it's shareholders profits.
These big boys are the best bet to end the c-ship. They have the nuts so to speak to win the hand.
It's funny to hear about the profits of those who flip burgers when you are a guy that flips houses. Cute?
Thank god for that. Now that the rest of the world has a grip on fnma we should see some pro style action. This is just what the Dr ordered IMO. With hedge funds, mutual funds, and other pros showing up with their dump trucks we can look to them to lead the legal charge needed to influence the leadership.
They have the money and the lobbyist to get the attention this deserves. This should be a fresh breath of air to all long holders in this from sub dollar prices.
At this point it's a safer bet with bigger guns backing us all up.
Oh, and its Pau Hana Friday....so grab a beer or a cocktail and just relax and enjoy the show. A hui ho!
This stock is trading on momo and fundies now. Good news too from senate yesterday.
IMO those short or going short think TA will prevail but it looks like the market begs to differ.
Shorting now is dumb de dumb dumb dumb.
or
so not worth the risk...
Ahh sadly, this is the only gap some will ever get to fill. No wonder they are bitter.
It feels like that is where this is headed. Senate meeting yesterday essentially calling for maintaining a cleaned up version of the same Fannie and Freddie, privately owned and gov backed.
Release the c-ship and you release the Kraken on the pps to book value and beyond!
Doh! And just because of your insolence it just might. Lol.
That's because mms manipulated the carp out of it post Freddie earnings news.
Is your milk spoiled? Too bad for you. Now what piss in everyone else's cereal time? Lol.
Eat up. You deserve it.
Of $54 is book and we are getting closer to that real value every day then anything under $27/Sh is better or equal to a double.
Book value is $54/Sh. What do you think?
Doubt it. Funds are buying, have been buying. Maybe flippers and scared retail but that won't cause a slide that won't be met by enthusiastic buying. The trend is a longs friend right now.
Again?? Lol!
With the current profitability of f and f it is very difficult for the administration to nor release them from c-ship. There can be no further justification for it as there is no loan to repay. There is only a gov interest to sell in the way of preferred shares.
It's time for the administration to take a political win and return the equity in this company to the private shareholders.
$3 is a blip on the road to the fully recovered share price. This is a $50 stock being temporarily fondled by a $2 exchange.
A link? What kind of link should he provide?
How about level II where one can just read the market makers symbol?
Don't forget that links only work when you on click them 3x and only if you are holding your lucky rabbits foot.
The fat cats in Wash and on WS are not keen on giving anything away. Even Chairman Maobama the great socialist takes more with his left hand than he gives with his right.
Ex:
I give you free healthcare but I will take away many of your freedoms.
I give you security...as long as you live inside this gilded cage
They are not going to just give the little guy a free pass on Park Av. You will have to grow some sack to play this game.
IMHO those with serious sack and a wealth of patience will see the biggest return of their lives here.
You can always flip around a core position while waiting.
Another poster showed you earlier that this is an evolving situation.
He posted a direct quote from a more current document that discusses the release from c-ship once the company has established its solvency and ability to operate on its own two feet. We are there. We have been there fir a while. Now the discussion is about "why" the release is not being expedited. And all fingers point to the treasury using FNMA and FMCC as their own debt ceiling interest payment ATM.
This was not part of any deal the taxpayers made. This is a 5th amendment violation and thus the conversation changes. The same folks clambering about unwinding them still have their big fat maws out there to take those divies to pay the interest on the debt ceiling. That's a contradiction of a very large variety and one that is chock full of lies.
Its saying that we need need to unwind these dangerous companies but not until we have broken them by siphoning all of the equity out of them to pay our insane interest payments. So, they are profitable enough to serve the governments interest in maintaining a cash cow but at the same time pose a threat to the stability of the economy at large?
Ha ha ha!! That's a good one.
Lets face it. They are not broken. They seem to be working just fine providing 90% of the mortgages in the US. Fine enough to line the Feds pockets...but let's get them anyway?
Oh boy Lucy....ju got a lot of splaining to do!
What does it say about the mmm? Is there a crystal ball that accounts for criminal manipulation of every god damned OTC stock regardless of assets, profits? Is there one that accounts for the pink waisted trading we see that reacts to every mmm technique?
Sadly there is no cure for stupidity.
FNMA will trade like every other OTC pos until the CEO decides its time to get the hell out of this ghetto
These guys get a hard on from their special interest benefactors and that tumps their responsibility to constituents.
Every incumbent should be fired. But there is strong evidence to support that Americans are too dumb to know what's good for them and too full of their own pride to know how dumb they really are.
Example: the smartest person you know gets only (1) vote, maybe that's even you yourself. But step outside your office or home and there are 10, 20, 100 people, from Honey Boo Boo's momzilla to the bitch behind the counter at the DMV that cancel out your vote. Dumb people, crazy people, scumbags of every variety all get the same vote as you. And guess what ? There are far more of the, than there are like you.
Case in point: S Carolina just re-elected a congressmen that went to Brazil with his mistress after telling people, and his wife, that he was camping on Appalachian Trail. The guy lies on tv to a national audience, spend taxpayers dollars, cheats on his wife.....fast forward to election, breaks into his ex-wife's house, and he beats Colbert in the election?
BiG FAIL AMERICA. EPIC FAIL!!
Right 5th amendment violation. Class action suits.
Let someone who can do something about it know.
http://www.contactingthecongress.org/
Do something about it. Your generations sense of entitlement is outrageous. The US gov works for us but only if you make them. Drop a dime bud. Do something besides bitch on ihub.
http://www.contactingthecongress.org/
And I'm not picking on you. I mean all of YOU!