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.
ZARGIS! I've been wondering where you've been. I've been limited to one post a day (don't know why) and can't seem to convince the powers that be that I'm a nice person.
Oh well, good to see you again - looking forward to your always informative posts.
You are the beneficiary of my one and only post today.
They ARE investing - but they are shorties. They WANT it to go lower.
The 2nd quarter earnings were early August. Anyone have an idea when the 3rd quarter earnings will be released? Can we assume early November or thereabouts?
I remember someone posting a few weeks ago that FMCC would NOT go below a dollar, and therefore, FNMA would not go below a dollar (was it Riskychick?)
Anyway, I noticed yesterday that FMCC touched $1.00 but FNMA has not yet. Don't know what it means, but just an innocent obsevation.
I'm long and strong, BUT if what Berkowitz said is so positive, why isn't the stock moving up? Why aren't the MMs and hedgies piling on right now?
I've always wondered:
Attack (or slap) the ask: translation?
Bid whackers: translation?
I'm all for buzzwords and trade terms but why can't plain old english be sufficient?
I like Blue's style also. But I also like (and miss) Zargis's style. Zargis -- ARE YOU OUT THERE? I miss your info
you serious? If so, then the #s make much more sense.
I'm not a little surprised at how SMALL the number of shares are for each group. Would have expected larger holdings. hmmmmm
I may not be ALL oiled up, but I'm definitely in it to win it. I do have a substantial # of shares here and some days, my stomach does double flips watching the ups and downs. My worst scare is what someone said yesterday: "one day we will wake up and this stock will either die or fly." That's what bothers me the most - high risk.
Ok - guilty as charged, but "your" should have been "you're", eh?
There's only one way to say that: it's called voting.. Elections matter.
Anyone care to speculate as to whether this will go up or down after the earnings report? It seems high to me right now.
i thought you were a he, but better safe than sorry
good ole Zargis with his/her wise words
does anyone think the MMs will either 1. let it run or 2 stop it from running?
hey everybody - i've been in Cape Cod all week following FNMA - let's all hope this is THE DAY when it takes off. GLTA - while i'm out shopping today, I'll be watching FNMA's progress on my iPhone.
I will be out of town next week. I'll be checking my computer periodically, but can I depend on Ihub to announce the earnings? If not, where should I look (besides the regular financial cites)? I'm assuming that it will be on Friday morning.
Some fellow posters have inquired about the "uplisting" issue. I found the following while searching around; it's from 2012:
A recent change in the listing requirements for the NASDAQ Capital Market gives more small-cap companies the opportunity to uplist to the senior exchange.
On April 18, the Securities and Exchange Commission approved an alternative to the $4 initial listing bid price requirement for the NasdaqCM. The rule change is meant to level the playing field between the NASDAQ Stock Market and its main competitor, the NYSE Amex. Prior to the rule change, the NYSE Amex required companies to have a minimum stock price of $2 to $3, while the NasdaqCM required a price of $4. As a result, numerous small-cap stocks trading between $2 and $4 were shut out of the NasdaqCM. According to the NASDAQ Stock Market’s proposal, filed in January, “A number of companies have indicated a preference to initially list on the Capital Market instead of NYSE Amex and have expressed frustration at their inability to do so without reverse splitting their stock.”
Under the new NasdaqCM requirements, a stock can qualify for listing if it closes at $3 or above for at least five consecutive business days prior to approval. The five-day requirement is in place to reduce the risk of price manipulation aimed at allowing a security to qualify for listing. In addition to the $3 share price requirement, the company must meet the following requirements:
¦Stockholders’ equity of at least $5 million
¦Market value of publicly held shares of at least $15 million
¦Two years of operating history
Or:
¦Net income from continuing operations of $750,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years
¦Stockholders’ equity of at least $4 million
¦Market value of publicly held shares of at least $5 million.
Securities with a $2 minimum closing price for five consecutive business days prior to the approval can also qualify for listing on the NasdaqCM if they meet the Market Value of Listed Securities Standard, which requires a market value of listed securities of at least $50 million, stockholders’ equity of at least $4 million, and a market value of publicly held shares of at least $15 million
In addition, companies must demonstrate that they have more than $2 million in net tangible assets if they have been in continuous operation for at least three years, or more than $5 million if they’ve been in continuous operation for less than three years. A company must also have average revenue of at least $6 million for the past three years. All other requirements for listing on the Capital Market are the same or higher than those of the NYSE Amex. A copy of the NASDAQ Stock Market’s original proposal is available on the SEC website.
Good ole Raggoz - just like a well-oiled clock. Same message, every day.
Can I assume you mean by the "defining moment" upcoming earnings report?
General Questions:
Well, here are my daily inquiries:
1. If the MMs, us, others, want the stock to rise and expect it to rise to, say $10, then why don't the MMs go ahead and LET IT RISE right now - take their money and we all walk away happily?
2. They seem to be keeping it around the $1.50 area - but why? If they really wanted to shake people out, they would take it down to the $1.00 area.
In other words, why are they delaying?
We all know the earnings next week will be great; if the MMs want to pile on shares before then, then take the price down even lower than it is now.
Any comments? (I'm showing my trading stock amateurism here)
All I remember about loans is that I borrowed $25K to buy a beautiful grand piano (back in 1994). It was a beautiful thing. And the piano still looks and sound good (especially when I'm playing it) :)
can't you borrow some money against your 401(k). Depends on how it's structured I guess.
Don't sweat Roggaz. He posts the same thing almost every day. You get used to it after a while.
I bought a few in the high 2s and a few in the mid-3s (chasing, unfortunately). But most of mine are in the mid-1s.
I don't know about the rest of you guys, but I think Zargis should get a lifetime free membership in Ihub, with all the perks. His posts in the last few weeks have been spot on. No BS, just facts, facts and more facts.
Keep it up Z-man.
Thks - I remember Zargis and his numerous positive posts. Can I check this parameter without using L2; is it on most stock daily charts?
Exactly my point. Should we perhaps sell a few thousand ON THE WAY UP?
BUT, THEN, what if it skyrockets?
That's my conundrum.
I also do NOT use L2, so I can't keep up with all you experts on this board.
Everybody: Let's talk strategy. If after earnings (or news) we get a run like the one in May and we hold for a few days (like I did in May) how can we know when to take some profits or keep waiting for it to run some more? That is the question for me.
Remember: someone said (Zargis?) that on the last run, when it starting tanking, that no one one could get their sell orders executed fast enough to avoid losses (me). When the carnage was over, I was down (on some of my shares).
good point (in the context of my earlier questions and Zargis's responses). I've always wondered that also. If they TRULY in charge, why not take the price down to frickin' 1 penny?
Much appreciated. I've followed all your very informative posts along the way. I know it takes time to hammer all this information out (especially at work!) and all of us on this board appreciate it.
(I like Jedediah's posts also)
Bottom line after reading your stuff: It's all legal but it still smells and the regular ole investor (a/k/a me) will always be behind the curve (a/k/a algorithm) :)
I've been following FNMA since mid-May and I have some questions for everybody:
1. If this is truly controlled by the MMs, and, also, if they want to push the PPS down in order to get more shares, then why did "they" let it run up to $5.44 back in late May? That seems a paradox to me. Was it a test to see how high the price could go?
2. And how do they really control the PPS? If they control the Ask and the Bid through their algorithms, they must be buying and selling constantly? I realize they have margin accounts and can buy/sell at will but I still don't see how that really works.
3. In addition, if they truly control the PPS and they know "news" or information that we don't know, why are they constantly playing their algos - just how much profit could they be making? constantly flipping, flipping and flipping.
Answers anyone?
No offense - but you seem to have read too many self-help books.
I have a stupid question totally unrelated to FNMA
Why is it that sometimes I can click on a "posting" until hell freezes over, and it will NEVER open?
Agreed - race should NEVER have been mentioned on IHUB - has nothing to do with what we all want: $$$$
No, not necessarily, but then you are implying that petethemoon was speaking the truth. Obviously, I think he was NOT. Therefore, my comment.
You are truly pathetic.
Why are you playing the race card? I am offended.
Thank you for your clarification. That didn't hurt, did it?