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No. It will be some type of hybrid where govt will always p,ah a roll in the housing market. Just not 90% monopoly
Great perspective, Ty for the post
Your exactly right, I remember the republican fight against the takeover. At this point I'm not even sure who I would rather have in control looking at it from a stock holder perspective. Pros and co s to either side I guess. What we need is a definitive plan or direction as it relates to privatization/FHA control. I honestly think either way will eventually be a win for the longs, but in the short term who knows jmo.
True manipulation is outright obnoxious. It's clear what they are doing, I saw on fox this morning a story about algorithmic trading and people are getting very upset about the split second advantage they MM's have over the regular investor/trader. Fox said they can actually see the direction of stock prices and buy/sell accordingly. I cannot believe this is An accepted practice. Wish I could do it tho LOL
50/50 split
Ok I'm in for 10,000 shares. The FNMA board convinced me. I've read everything on both boards for over 3 weeks and its worth a shot lol. Seems that the good news outweighs the ad and with the future profits I have to take the chance that this may skyrocket. Nervous but IN !
My comment was directed at the link stating a federal judge from NY is looking at possibly reversing lawsuit decision. Nothing more
Wow, this is not good news.
I agree! Love the charts lol
Obiteridctum WAS CORRECTING SOMEONE.
Come on people, READ the board before making comments and questions.
Great post
I like that news lol.
I understand that. I probably didn't state my question clearly. What I should have said is, does anyone think the current gains, which I would consider a trend if it closes positive today and tomorrow is just the normal "accumulation", or possibly the beginning of the run up prior to financials?
Im thinking a few green closes may indicate the beginning of accumulation before financials in a couple weeks. I didn't think there would be too much pps increase until we got closer to the release but maybe it's starting early? Any thoughts?
Great day today, a better tomorrow
13.05 !
Interesting perspective on housing, the optimism is great and I tend to agree. Central and Upstate ny has seen only very modest gains in housing prices compared to the areas downstate hit hardest by the storms. It has drawn thousands of people from the upstate areas for work and has contributed positively to the upstate economy. Interestingly enough the horrible destruction 4-5 hours away was and continues to be a positive economic stimulus for surrounding areas
Anyone else buying here?
Seems like no one is here. I guess another slow day with no volume. Uptick first hour, slow decline all day and a little movement up or down by close. Green close 1%.
Breaking news not withstanding jmo
Can't wait for this to take off. Get closer every day :)
Home sales DOWN from last month .6% to 4.92mil sold
Median 184,000
Time on market improving
30% are first time buyers
Not very good numbers :-/
Coming up on fox business news. Just caught a clip of protestors outside of his home yelling and holding signs. It appeared to be due to his position on the future of FNMA. Still waiting for the story
Protests outside of Demarcos personal home? Wow this is getting some attention.
Good morning FNMA nation! Lol
Completely agree. Sadly I think our current govt will be the biggest hurdle we face. To me it almost seems like a coin flip outcome even though FNMA is completely turning around and has already been restructured with different management and stricter regulations. For me personally, I think it's simply a matter of trust. I know what I would like to happen I and believe that's similar to what most think should happen. Unfortunately all that means nothing when it comes to politicians and large sums of money such as this. I fear greed and the corrupt may steer this in another direction. There was a time when America was stable and somewhat predictable. How I hope those days return lol. I say that because I am taking a chance with this stock and in all honesty it's all or nothing for me but honestly this is still one of the best opportunities I feel I've had to secure a future for my family. If policy fails us it will set me back a few years for sure. Hoping its worth the risk. I have read all your posts and can really appreciate your opinions, you appear to be a very intelligent investor and I again thank you for having one of the few sensible intelligent conservative and most importantly realistic outlooks.
It would great to be able to find out what percentage of those 14000 investors are day traders. I believe with the continually improving housing market and a faster repayment to the treasury brings more and more long term investors to FNMA. Normal people who think it just makes sense that the stock should rise after repayment. Not realizing the enormous and complicated task that may turn out to be. Therefore the longer the govt waits to do something the more innocent the vulture. I think they will move quickly on this. My guess is it won't be much if any actual reform or changes for the shirt term, with a gradual reduction in market share and slow return to privatization. Regardless of their decision they should make the public aware as soon as possible. Jmo
I tend to agree with you. I understand the drop in pps as it relates to world gold prices but this seems oversold. I may double up in the coming week. I have to believe this will rebound. I have no reason to think otherwise. GL
Great posts, thank you for your insight. I hope you end up being correct. Any restructuring model you referred that doesn't undcut or wipe out investors sounds like a good plan to me!
Great research, thanks for the links. I think there are a lot of big investors and politicians deeply involved in both FNMA/FMCC today. When there is money like that involved so are the big shots. Safe bet they're going to be around for as long as they continue to make money.
I don't know lol. There's 5 or 6 that have been here every single day for 3 weeks and never hesitate to post. Not a single one today from any of them
You need a link backing up a statement like that.
Where did all the regular posters go?
I would say a dip from here to .7650-.7799 thru the day. Then some craziness up or down the last 15 min or so. Seems like we need news every day to keep this thing going for now. COME ON FNMA ! You can do it!
I agree with your analysis 100%. Hopefully FNMA can make its way thru all the govt politics. We will see GL
FYI- Ford did neither.
READ. From FMCC board
White House Said Near Decision on Leader of Fannie Mae Regulator
By Clea Benson - Apr 17, 2013 9:01 PM PT.
Edward J. DeMarco, who has served as acting director of the Federal Housing Finance Agency since 2009, is scheduled today to update a Senate panel on the FHFA’s oversight of Fannie Mae and Freddie Mac. It’s unclear how much longer he’ll be guiding those efforts.
Long-stalled White House plans to nominate his replacement are now accelerating, according to two people familiar with the discussions who asked to remain anonymous because the process isn’t public.
A potential change in leadership just as the companies are returning to profitability could have an impact on their future.
With his tenure uncertain, DeMarco is continuing with long- term plans including an effort to create a common mortgage securitization platform that would serve as a utility to be used by Fannie Mae, Freddie Mac and private securitizers. The agency also is encouraging the companies to explore transactions in which they share risk with private financiers.
All of this is a prelude to congressional action, DeMarco said in written testimony prepared for today’s hearing.
“Few of us could have imagined in 2008 that we would be approaching the fifth anniversary of placing Fannie Mae ( FNMA ) and Freddie Mac ( FMCC ) in conservatorship and that we have made little meaningful progress to bring these government conservatorships to an end,” he said.
Thank you, makes sense
Loved this post. Better the second time!
I hear you. I always liked CDE because of their debt equity and they always had liquidity on hand. I understand the drop in gold/silver but come on... I've been thru a reverse split and big ups and downs but I can't help thinking CDE will be a great stock. Debating doubling shares to try and see some upside
What the heck is going on with CDE? I'm down 52%????
Very positive analysis RJ, and I hope you are right. Thanks for the time and I think 73% is awesome I don't care how old you are! Keep it up