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MM/hedge cleaned this chart up and stole shs....pretty bullish chart(daily, weekly) starting to setup, imho
ned to have a strong close this week
200ma is a given, but will it hold or MM going for the lower trendline, in the falling wedge....bullsih arguement, positive divergence is showing up
but MM can walk this around whereever they want with the low volume, it wouldn't surprise if we see .47ish which was the prior resistance
200ma, 50% fib line is the MM target
they may try for that lower trendline if buyers don't step up at those supports, imho
Rilo, great post....game changer....so who's been sucking up all them shs the last 2 weeks????
Falling wedge with weekly setup bullish engulfing, should be interesting week
or a hedge, paying admission to post here, amazing his stuff never gets deleted, why
psuedo island reversal, turn up the volume
prearranged trade, of course friendly MM accomadate, all a rigged game
another interesting stat. fibs .32-2.57 78.6% is .8>>>double bottom w/ some divergence
retesting downtrend trendline breakout(2001-9.75 to 2003-4.28, monthly chart) appears to be running on the top of this trendline for the last 3 months
some other oscillators lookin + for the bulls, up she goes?
all assuming this algo program gets off it
imho...looks like a neckline (3/08-6/09) backtest on the weekly chart, hoping it holds...also fighting a cross up on the hourly MACD, agree tomorrow we should head back up....oil gods willing
agree, one positive it is allowing some early weekly oscillators to reset, time will tell what the traders do with it
good chance they drop the bit at 8:33am?
sweet post, could it be possible...388 or any of the combos
MM running fib retrace, imho
Lower trendline tested and held>>>time to take out the 48 and into the 60s....but volume is so low, nobody sellin
YIKES!!!! watch your head on the way up>>>>>distribution and no red tape in China...Kenny got this company up and rockin in the country that is going to lead the global economy out of this chit......Beijing, Shanghai, HK, Chong Qing going to drink them icon up
sweet call, u thinking on to 1 w/ time? or estimates, tia
looks like a complete backtest of the original breakout on the monthly....possible fallign wedge on the daily?...thoughts?
best place for offshore hedges to short, clothing is optional
all part of the cycle to accum, imho
Tir...time is getting short..creating the chart to look weak is transperant..trying to accum at a lower price, but balancing the potential buyside block pressure as it drops and having to do it naked? In the end if they pay the ask, will the 20-30 cents make a difference in the long run, probably on a percentage basis, but not the actual $$ amount. As Sneaky has said, better to pay the ask??? Back to lurking.
Cause of the bailout started here? Greenspan and Clinton?...pulled this off another board
September 30, 1999
Fannie Mae Eases Credit To Aid Mortgage Lending
By STEVEN A. HOLMES
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies who charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.
'Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. 'Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.'
Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.
In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.
'From the perspective of many people, including me, this is another thrift industry growing up around us,' said Peter Wallison a resident fellow at the American Enterprise Institute. 'If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.'
Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.
Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.
Fannie Mae officials stress the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.
Home ownership has, in fact, exploded among minorities during the economic boom of the 1990's. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University 's Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.
In contrast, the number of non-Hispanic whites who received loans for homes increased by 31.2 per cent.
Despite these gains, home ownership rates for minorities continue to lag behind non-Hispanic whites, in part because blacks and Hispanics in particular tend to have on average worse credit ratings.
In July, the Department of Housing and Urban Development proposed by the year 2001, 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.
The change in policy also comes at the same time HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.
The big dogs has been at the table for a lot longer than we realize. They continue to eat very slowly and quitely, trying not disturb the small retail folks like ourselves, no disrespect to anyone.
It is interesting how they have attempted to break the trendline the last few days, wanting panic selling(during volatility in the overall market), but have instead seen buyers....maybe an inflection pt? I think we would all agree this may b their last effort to try and take cheap shs.
I am thinking/hoping that Kenny next CC will provide lots of ingredients to create a number of winning dishes for future meals.
The chart is approaching the apex of a 9 month triangle, to many reason for it to breakout up and hard. Then the big dogs will have an alibi to take this chart up. imho
mayb a margin call or more shs needed by somebody, so pressure the pps in the overall market downturn, grab some stops?....we r approaching the apex in the chart, just need a catalyst, imho
time to explode out of this consolidation...ain't no stoppin it
go global
if so, people will go just to see the celebs, interesting...we will see Monday
great close guys!!!! ditto about the chart RILO....
everybody, just don't get off the bullet train to early
As the pps increase more people will enter, imho
any listing on a German exchange=naked shorting, w/o company authorization
MM/hedge may take it down to create selling, but the inventory will be sucked up and more shs taken out of the float in the process, imho
imho, it punched out thru that monthly falling wedge and then was contained, but it clearly has been mainpulated down to these lower prices. Hoping that the bulls can take charge here and takes us above this wedge.
From Sneaky:Good ideas on the Dre slang. Sneaky had a good one or two earlier. Cognac should be "The DreAfter" or most will say "Pass The Math" please! If you can pass the math, you can graduate to the next glassful!
i hate putting this up, but a 10% spread hmmmm, shs inbalance going on?....hopefully no hedge or MM is reading this
TA input, 2 downtrendlines, including spike or no spike>>>>possible PR event or pre earning reun should blows us over it...possibly today, volume >700k would help
once broken the move should b sweet, just make sure u stay on the train, FA and TA will will come togethter, imho
somebody has been accum for the last 6 months in preparation for this move....i wonder who????
Sneaky: unfortunately, most retail will be looking where to get off, instead of looking at the final distination. This next leg/wave up should be a big one, retail just don't know it yet. All this bearishness, oil cracking(manipulation ending), front cover of the Time magazine w/ the bear. This is no different than the S&L crisis, market ran big after that. Just a normal cycle of distribution and accumulation by the boys. But this time the naked short issue is going to add fuel to the fire, imho.
We are all here to watch this little company grow in this coming global expansion. Kenny gave us some appetizers, looking foward to the rest of the 9 course meal, yummm.
interesting the discount>>>possiblities?
1. ready to create brand awareness and take market share, drive sales for the 2nd 1/2 of the year, when volka consumption is the highest
2. distribution situation must b under control
3. not to b disrespectful, but the learning curve for TV should benifit future releases
imho
time to get this show on the road
seem they can't take it lower on this crappy day, the bottom may b in...watch them prove me wrong...geez
would u say this is de javu the 2002-3 bottom?
the storm is coming
appears that the time is approaching....they can only compress the pps w/ the manipulation for so long,and then pop, imho....