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Agreed Clay. FNMA looks bearish after today.
It sounds like most of the Clay Crew did the right thing and Sold the Pop knowing FNMA Always Drops.
Still looking like 1:10 JPS to Common exchange for the $25 Jr. Preferreds and 1:25 for the $50 JPS.
Are you hearing anything different?
We really need to pump FNMA past $5 to make sure JPS don't get too good of a Conversion deal.
Can anyone confirm these FNMA Facts?
Is the Triple Train Top real? I think this is the 3rd or 4th time this has happened already this year.
https://twitter.com/HoldenWalker99/status/1330898831265964036?s=19
You might need a Parachute instead
From the Raining RED FNMA Tears?
Scary Reversal on heavy volume.
Did Ackman exit today?
This sounds like an Average Joe shareholder meeting.
Did we agree on which lawsuit to file to prevent the Jr. Preferreds from going up more than Commons?
If FNMA Pops, Selling it would be wise. In case it hasn't been obvious from the last 5 years, every time FNMA Pops it Drops shortly there after.
Agreed. This is likely to be a volatile week for FNMA.
I for one will be waiting to Sell the Pop knowing FNMA Always Drops!
Can we sticky these FNMA Facts?
Commons should be paying him for his FNMA Facts.
Those Facts helped me decide to Sell Commons and Buy Jr. Preferreds.
Can you share the calculations if someone had did the exact opposite (Sold Commons and Bought JPS) on Wednesday?
You could probably go back a few months to show the amount of money that could've been made.
Hindsight, Facts, and all that
Bove flip flopped and is backing Commons again.
What caused the big shoot up?
Great day for FNMA. I bet today helped a lot of people get out from being underwater, or at least get a little closer to not drowning.
Let's hope this continues next week so most of us can start seeing some actual gains rather than just recouping paper losses!
$4.50 is a good 12-month target for FNMA.
I think Commons will definitely double from here.
It's an uphill battle after that though. Once the Reverse Split occurs, it'll be very hard to double again.
Great time to rotate to preferred while there's still an opportunity.
It's a good day for Commons either way. Long overdue.
Let's see if FNMA can hold the gains and not fill the Gap next week. That will be the real tell if this is anything more than a short term anomaly.
But we should all be wary considering FNMA's previous one-day pops.
Remember, Pops in FNMA are meant to be Sold to add to the Jr. Preferreds
and you are red , and with yesterdays 15% pop still not at the highs of the year
Is the Gap gonna fill? Do we Sell the Pop now?
Commons almost back to where they ended in September.
Still very disappointing performance in comparison to Jr. Prefereds.
But at least we got a Pop to finally sell this worthless junk before the downtrend resumes next week
Is it Pop Selling Time or will FNMA hold a small gain today while JPS enjoy another massive Up day?
What will the Market Makers decide?
Likely at the time of re-IPO, but it could happen at any time. We'll soon find out if JPS start getting Dividends while we wait
In the meantime, let's hope Commons can rally a bit from here so JPS don't get too great of Conversion terms.
Then again, the Market is saying that "It's Coming Amigos!"
And the Market speaks louder than anyone else.
Jr. Preferreds last few weeks:
All Jr. Preferreds up double-digit %. Commons Red.
I don't think this has ever happened in the history of Fannie and Freddie.
As mentioned earlier, today was an inflection point for FNMA.
It's time to reassess Commons, if you haven't already.
— Fanniegate Hero (@DoNotLose) November 19, 2020
Not at all. But the lower price helps my JPS in Conversion, so I'll take lower Common prices for longer.
It's unfortunate considering the regular attacks on the Jr. Preferred posters who were suggesting everyone follow Ackman at the very least and Hedge with JPS.
Hopefully enough folks listened and at least bought some JPS because the pain in Commons might just be starting.
Hopefully we all find our Pot of Gold!
It's too late, the rule is finalized.
Commons have to embrace this reality now, and the Market has went ahead and started to do that.
I think there's a lot more realization yet to occur. Expect a steady outflow of money from Commons which will create an inflow to Jr. Preferreds.
It's no longer coming. It Came Amigos!
Jr. Preferreds aren't waiting. Why do Commons need to wait?
It seems FNMA has reached an inflection point. The realization that Commons were the wrong decision and Jr. Preferreds were the correction decision will create a vicious Rotation from Commons to Jr. Prefereds.
Expect many more days like today in the weeks ahead.
Sorry FNMA!
I think we need to file more lawsuits. FNMA being red on a day like this when Jr. Preferreds are up over 10% on average should be illegal.
Let's pool all of our shares together and find a lawyer that will accept our $300 stock as collateral for legal representation.
We need to take a stand.
It's in black & white in the Capital Rule. I guess some people didn't read the Capital Rule.
That's okay. Jr. Preferreds know and that's all that matters.
Wait for FNMA to go Red. Then maybe take a small Gambling position.
Commons are not for investing, just for Trading and Gambling.
FNMA Gaps always fill. Pop Sellers are here.
As mentioned yesterday, we'll see a strong Rotation from Commons to Jr. Preferreds today.
JPS holding strong and gaining momentum.
Commons falling off the tracks. FNMA might close Red.
Commons' Ceiling was lowered significantly today. $3-5 FNMA is now the most likely mid-term scenario (2-4 years).
If there's a pop tomorrow, everyone should know what to do. [HINT: Sell It]
I would be surprised if Commons end up by more than $0.10 tomorrow.
I would not be surpised if Commons actually ended down tomorrow.
Always remember where Commons are in the Capital Stack:
Can Commons even hit $5? $100B Capital Raise is a big lift and will be extremely dilutive to existing Commons.
I might have to lower my final outcome of Commons from $4-6 to $3-5.
Commons probably need a Reverse Split to get above $5 now.
No Bueno Amigos
More capital is better for Commons, right?
Or does that mean more dilution is forthcoming?
$14-18 seems likely assuming CRP and PSPA are finalized.