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In wouldn't dare buy the commons. There's a lot of downside risk with little upside chance, IMHO. Call me a conservative investor.
If you buy at 75 cents and it goes down to a nickel, you still lose 87%. I'm not buying into double- or triple-digit pipe dreams.
In that case, the government wouldn't make any money. And they would lose their piggy bank. So there's a double lack of incentive.
crappy millenium, so far.
Aren't they nothingburgers?
Looks like someone bought 111.000 FNMAJ
https://www.otcmarkets.com/stock/FNMAJ/overview
Recap/release takes time. Biden has to start now if he wants to get the up to $100 billion before Nov. 2024.
You obviously missed the irony emoticon [ ] at the end of my post.
Adding onto this: &WHY the GSEs could possibly be used to Fix the housing mkt:
— Tony Castelluccio (@T_Castelluccio) November 2, 2023
Currently mortgage spread is at ATH, over 3%
WHY? the FED is letting MBS run off their bal sht, and NOT buying new MBS
prior to '08, The GSEs were a major buyer, then they stopped and FED stepped in https://t.co/2UR8Zm2eVf
People who "have access to information" and use it to "pile into commons" are not "dumb"/stupid. They are immoral, greedy and criminal (insider trading).
Was Sam Bankman-Fried stupid or criminal? The jury chose the latter and sent him to prison for up to 110 years.
Politicians, on the other hand, are rarely sued for insider trading, I never understood why.
You are right 100%. The rally in commons is based on the stupidity of misinformed. That's why the JPS don't follow up.
LOL,
FMCKM 1.7000 -0.2300 -11.92% USD 10:24AM Volume 125
Perfect wording of the expected Biden narrative. The predator turns into
Mother Theresa
It is true that charts never lie. Commons had an excellent run.
But in case of a restructuring charts can suddenly disappear.
That is what happened to the GM chart. GM has been around since 1908. Yet the "all data" chart for GM only starts in 2011. The time span from 1908 to 2011 was erased:
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=GM&insttype=&freq=2&show=&time=20
GM filed for Chapter 11 in 2009. They emerged from Ch11 in 2011. The new shares are listed with the old ticker GM.
After recap/release there will also be a new chart for FNMA - probably with the old ticker FNM. The FNM chart will start in the year of R/R. The past will be erased. Of course, FnF were never bankrupt. But the government's narrative is that they were. And what counts is not justice, but the government's interpretation of what happened. Like it or not.
BS.
1) I did not misquote or misunderstand KThomp.
2) I don't own commons.
You lack due diligence.
I chose the most liquid.
I think that is the sad truth.
Kthomp19 was 💯% right to quote
https://en.wikipedia.org/wiki/Brandolini's_law
This is really stupid:
Commons are so hot that I wouldn't even touch them with coal tongs.
FNMA 0.7471 +0.0001 +0.01%
Volume: 2.6 million
https://www.otcmarkets.com/stock/FNMA/overview
Looks like hidden distribution.
The choo choo chumps buy, while Navy lightens up...
Does this mean that you are a successful day trader? Do you often light up when you recommend others to "choo choo" buy - thus lowering your cost basis?
I wouldn't even dare say it's unethical. It's just some sort of "snake oil capitalism"
Clearance was reduced due to lack of headroom.
Unfortunately, Investopedia or Wikipedia googling by sentiment-driven OTC clowns is not a serious substitute for studying law and business. No matter how hard you try.
Why not let your son play with half a million dollars on a trial basis? Losses (even if they are only temporary) are an emotionally profound experience that trains and elevates you for the rest of your investing life.
Psychologists know that nothing is more memorable and instructive than pain suffered
I think this is what makes the difference between a value investor and a level 2 gambler
I look forward to receiving this payment to prove you wrong.