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May never be $3.15 again.
It really doesn't matter, man. That is not what is holding the value back of the stock.
I think tomorrow or Monday is going to be a huge day.
On the logarithmic chart, we have broken out of the small pennant we were in, but also the huge multi-year falling wedge.
On the regular chart, we are right up against the resistance of that multi-year falling wedge, waiting for the enormous breakout.
Weekly MACD just about to turn green which sets precedence for a huge couple-week move.
Exciting times!
What deal? We are still calling it that?Who as proponent of these companies would have ever made that "deal"?
If certain rulings go our way in the legal cases, those warrants are gone (despite them not being directly challenged).
Typically, you have to go up before you can dip back down, lol. This was the dip the last couple weeks.
Ergo they don't need to be challenged because if Treasury is silly enough to redeem them, the Pandora's Box of litigation will explode open.
The government is completely afraid of the warrants, which is why Calabria never touches the subject unlike everything else he talks about in public.
Navy, I question that. All cases I looked at were granted on first conference.
Stop the FUD. The odds of that are so slim it is like needing a hail Mary and a two-point conversion to win a game with 20 seconds left.
I researched when the cases that were listed as Certioraris granted yesterday had been distributed for conference. Each one was for 1/10/2020. The only interesting one was the top case (Rutledge one), which was submitted for conference on 4/12/2019, but then another party was invited to submit a brief in the case which is why it was delayed and got the second conference date of 1/10/2020.
Also, do you all remember our Perry Capital Certiorari petition? It was distributed for conference on 2/16/2018, and guess when it was published as denied? The next business day on 2/20/2018.
https://www.supremecourt.gov/search.aspx?filename=/docket/docketfiles/html/public/17-580.html
There were no delays after the conference date. Only special situations would create a delay.
People saying it still has a chance at being accepted are grasping at straws!
When the Supreme Court document listing the Collins Certiorari as DENIED comes out on Monday, we are going get straight fire (green fire). The cat will be out of the bag, and those institutions sitting on the sidelines will now fight hand over fist to get in because that elephant thing in the room called RISK will be gone.
It will no longer be a matter of IF the companies get swept money back, but HOW MUCH.
For those thinking this is a nothingburger, Monday may be the single most pivotal day in these last 11+ years.
Tim Dillen was not misleading.
What everyone is missing is that granted Certioraris are posted on Fridays and denied ones are posted on Mondays.
Just look at all of the past reports! All Monday posts are titled "Order List" and include all of the denied Certioraris.
https://www.supremecourt.gov/orders/ordersofthecourt/19
If the Collins Certiorari would have been granted it would have been in today's post.
Bam.
All is well?
We are primed right now for the grand breakout away from the last decade of conservatorship lows.
Second one is maybe Capital Requirement?
The first one is Certiorari Petition.
Recession is on stand-by until Fannie and Freddie are released from conservatorship.
He isn't a scam. Come on now. He is the most forthright, transparent person on this whole board. He uses his Twitter account tied to his real name to preach the good fight mixed with his personal mumbo jumbo. He likes to stoke fires, but he doesn't deserve to be called that.
Agree. Lamberth has no current sway on the price (until there is an actual decision).
I believe it is rare for any stock in an uptrend to maintain all gains right off the bat. There is always going to be cool-down periods regardless of what the news is.
Back to $2.95 tomorrow (my opinion).
Their net worth is actually $6.4 billion as of June 30, 2019.
8-K: https://fanniemae.gcs-web.com/node/26416/html
Why? Let them take the case and slam Treasury/FHFA even harder.
Their net worth is actually $6.4 billion as of June 30, 2019.
8-K: https://fanniemae.gcs-web.com/node/26416/html
Yes, but the whole "being replaced" and "winding down" thing was all a charade. People STILL forget (including people on this board) that during these last 10 years, the GSEs actually have gone through massive changes and reform.
The talks about housing reform: games. All of this "I guess they are just keeping them as is": propaganda. In fact, the whole recapitalization front is all propaganda as well since it is quite obvious these companies have no problems making some bucks. This entire situation is just one giant ruse that I think most of us have all seen through with the exception of our resident paid-by-the-post contrarians.
We also need to take into consideration your opinion is a biased trough of fodder.
What's curious to me now is how much it moves with such little volume.
This is a very risky point to sell. All we have done is gone back to test the resistance we broke through now as support. This is not manipulation, and no one is trying to hold the stock price down; it's trading psychology. If you look at a lot of breakouts on stocks, the price action tends to do this time and time again.
With that said, this is the moment of truth. If we are going to have a failed breakout, we'll probably know this week. But the opposite is also true. My money is on the latter because of everything that has transpired recently.
Testing 8-year-old resistance as support now. Happens on many, many breakouts. I can't believe how many here are pooping negativity out on this message board. Ready for lift-off.
It's stopped. This is just Treasury's game. The court ruled it beyond the authority of FHFA/Treasury. They just stopped the sweep in their own way until the courts give final judgment.
If we were ever going to reach the $25 billion, another letter of agreement would again just adjust the amount.
If you save capital, it adds to the liquidation preference.
If you pay dividends, it does not deduct from the liquidation preference.
It's sickening. Why is it so complicated for our judicial system to end this farce?
So when you are arrested for a crime and post bail, you will just go back out on the streets and continue that crime until the trial ensues for how long your sentence will be on the initial crime you got caught for?
It should not take a genius to realize the NWS is done in its current form.
"Treasury agrees that the FHFA Director’s removal restriction is unconstitutional"
They can't really appeal after stating that.
http://www.glenbradford.com/wp-content/uploads/2019/09/18-cv-03478-0037.pdf
Well, with that alter-opinion, good luck with your other ventures since you don't need to hang out here any longer.
Very excited!
We already did go back and hit that.
You must be looking at an alternate universe's chart.
My post was just from a chart perspective (trading patterns). I'm totally with you on the higher valuations based on the numbers/facts.
Based on the chart, I believe we hit $5 with the end/modification of the sweep this month. $5 is the initial target from the 2019 pattern we broke out of. By mid next year, I think $9 is realistic based on the longer-term pattern we broke out of from its 2013/2014 beginnings.
I think what isn't pointed out is that the charts tell a lot about what the value of the common stock is. We have been baking valuations for a decade, so the minimum upside is predestined in the chart. I think that minimum value is $9. I'm in the camp that they can be valued a lot higher pending certain criteria, but from the chart's point of view (assuming the shares are treated fairly) $9 is already in the cards.