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Can we sticky these FNMA Facts?
Dilution Risk being one of the top reasons. Not to mention FHFA's own Director saying Commons might not trade again.
Commons are probably worth a small Gamble. But nothing more than that until the CRP and SPSPA are finalized.
You know what they say about the Pops in Commons. Sell 'em, because Commons Always Drop
Calabria said Commons might not trade again.
Let's not forget these words from the FHFA Director.
"Under most options, the Commons will trade again. There are scenarios where the Commons might not."
https://www.cnbc.com/video/2019/09/12/fannie-freddie-regulator-on-next-steps-in-mortgage-market-reform.html
False. Legal Contracts are not bypassed by HERA.
Jr. Preferreds have a legal contract. Sadly, Commons do not.
JPS & Commons will both learn their fate with the release of the CRP.
JPS are in a much stronger position. Their claims in Lamberth's court are worth upwards of 150% of Par.
I'm sure they will receive a juicy Conversion to Commons, or their Dividends will be turned back on at the time of the capital raise.
Commons end in the $4-6 range (adjusted for Reverse Splits of course). They still do well from these prices, but they pale in comparison to the gains Jr. Preferreds will have had over the last decade plus.
Why cancel Mediation? Gov knows how SCOTUS ends. They've got this one in the bag.
The only thing that will come out of SCOTUS is that Calabria will be removable "At Will" by POTUS Joe Biden.
We should all mentally prepare for a major SCOTUS loss. At least compared to what most were expecting.
This is No Bueno Amigos
We'll all be Commons after the JPS Conversion occurs.
Jr. Preferreds feel it's better to be Commons later rather than now.
Can we ask the SEC for confirmation?
If they replied to you regarding the legality of the Warrants, maybe they can confirm/deny if Buffet owns any FNMA Commons.
Who predicted that? L2 shows all the Sellers lined up.
I'm sure FNMA will bounce to that level before resuming it's downward trend.
The week is far from over. And a painted close won't prevent the price from falling further.
Watch and see amigo. It's coming!
Well, it only took 2M to go up $0.02.
I wonder how much volume it'll take to get back to $2 at this rate.
So much for uplisting Commons before the SPO
Did Bove really say this on the call today??
Dick Bove personally owns $FNMAS $FMCKJ --- good for him
— Fanniegate Hero (@DoNotLose) November 17, 2020
I'm sure he remembers how his partner (Obama) used the GSEs to fund the ACA.
And if he doesn't remember, I'm sure someone will remind him.
Probably someone like Jim Parrott or Mark Zandi
Every FNMA Pop gets sold. Even $0.02 ones
All I see is Sellers of FNMA.
L2 is loaded with them. I'm not sure if Commons can recover from these Lows.
Sub-$2 Commons might be the new norm while we wait to see what Biden will do with the GSEs.
I'm sure the most profitable companies on Earth can afford to help get everyone in the US into a home. Even the illegal aliens.
Everyone gets a house, at the cost of Commons.
No Bueno Amigos
It won't help Commons much unfortunately. But it's coming!
Jr. Preferred Conversion Incoming! It's Coming Amigos!!
Selling Volume is really picking up. No Bueno
I sure am glad I Sold the Pop.
What will Jim Parrott do for the GSEs? How about Mark Zandi?
That's who will likely be running the show once Calabria is given the boot.
In Biden we now trust.
#TickTock
Not good. FNMA's floor about to fall out.
Pretty sure all Common posters are the same person writing over and over again that FNMA will hit double digits after SCOTUS.
Excellent points. The Market knows something Commons don't.
Prices going up keeps me entertained. That's something Commons haven't done in a long time.
It's no wonder Commons need entertainment
Commons are a Gamble. JPS are on much more stable footing.
Why do you think there's so much volatility in Commons?
JPS have been resilient and gaining strength while Commons keep drifting lower.
Regardless of what the Analyst says, I'm stating FNMA Facts.
That sounds really bad. This is why we're seeing all of this selling in Commons while Jr. Preferreds hold strong or gain strength.
Is FNMA's floor about to fall out from under it?
It doesn't look like FNMA will be able to get back above that $1.90 resistance area.
L2 shows lots of Sellers lined up and ready to exit their positions.
FNMA already has a lot of Gamblers. They might be getting nervous.
How low will FNMA go this week?
With Commons' Clock ticking, I imagine Commons keep heading lower until there is definitive action.
That's the predicament FNMA finds itself in.
Now we just have to hope the Sr. Preferred Cramdown Plan isn't the last ditch effort to get GSE Reform done.
It would be devastating for Commons to have fought this long, and posted so many messages on internet forums for so long, to end up getting shafted in the recap.
Let's see what cards we get dealt. Unfortunately, we're not going to have an option to draw new cards.
Will the Gamble on Commons pay off or will we realize in retrospect that Jr. Preferreds were the way to go all along?
Tick Tock goes the Commons' Clock.
#TickTock
That's where Commons are capped.
That's the end range though. FNMA should've never gotten there so soon.
Irrational Exuberance tends to do that.
I don't think we'll see a meaningful sell-off in JPS unless there is no action by January 19.
Until then, I would expect Jr. Preferreds to continue to go up in anticipation of the Big Bang.
Can we sticky this? Filled with FNMA Facts!
Wait, if JPS conversion is already baked in, then what is the advantage of converting them?