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Good for you -- IMHO, in a few weeks we will see that anything under $2 was the golden opportunity. I'm dried up, but was able to scrounge some loose change between the sofa cushions and also picked up a handful of shares.
Everything you pointed out is true. But, if the government is choosing not to argue the constitutional violation, possibly, the hearing may not be that long.
Exactly! With no news, other than the switch of the head of the FHFA, both commons AND preferreds moved north. When the release and elimination of the NWS is announced, both are gonna shoot up.
Ooops - my mistake, my head's been a little dizzy this week --- I will wear it proudly
I'm 0-3 ... Man am I stubborn, I'll stick with option #3 [again]: +.21 - .+.23.
Though I'd prefer Option #1
I hear ya.
And FNMA is #1 on the Most Read Board. Nice to get all this attention when the PPS is this active.
Man, I was off -- I thought the PPS would take a "breather." I'll try it again with option #3: +.15 - +.18
It's due for a time-out with a day with less than a 15% - 20% gain.
I won't be upset if I lose to options #1 or #2 though.
Agreed. For many of us, it's not a question of "if," but "when" the release of FnF and the end of NWS occurs.
It'll be off to the races when that happens.
Until then, IMHO, we may hit & sit @ the $3.00 - $4.00 range
$2.00 tomorrow!
Whoa! Another great day! Good movement up with volume --- that's three days in a row ... green since the New Year.
It's a feeding frenzy!
Just like yesterday -- a lot of eyes will be here today.
It was #2 on the "Most Read Board" all day yesterday, and is firmly still #2 ... and #21 on the "Breakout Board."
I'd prefer options #1 & #2
But guessing #3, and guessing +.06 - +.07
man-o-man ... all those "cheapies" I got to average down paid off! For a little while, almost hit my average of $1.50!
Great movement up & with volume.
Have a feeling we'll go up a bit from here, with some sideways trading (and some dips along the way with folks locking in profits).
But, when real meaty news gets released -- then it'll be a feeding frenzy and a "chasing" game.
Those on the sidelines waiting for an entry point, don't wait too long ... you may get lost in the chase.
GLTA!
You're welcome --- and thanks, a happy & healthy new year to you too
Good luck with that angeloh, I wrote twice last summer and received no reply.
https://momentousentertainment.com/contact/
Tom Nelson is their PR/IR guy, and he just "parrots" whatever the Company tells him [for a fee]. About 2months ago he mentioned audited fins almost complete. . . and here we are, Q4 done and into a new year, and nothing.
Tom hasn't even mentioned MMEG in his daily assortment of loser tickers on his sampler's plate in quite awhile.
My guess (and IMHO), people on the other boards were posting & hoping to entice some action, so they can sell (for a big loss no doubt) to off-set profits made somewhere else for tax write-off purposes.
Thanks stockless, that's what i figured the volume was about. Well, I hope that means you made $$ on some other play - and playing the tax "balancing game."
You said a mouthful -- there was a good story line here, and here too was my biggest loss. Put in way more than was needed for a penny, but I bought the story here.
Holding for now ... until my other plays make some $$$ next year & play my balancing act.
GLTY
Fingers-crossed, hope you're right .... you have been so far
IMO, when this (Fed induced) bear market slide began, savvy investors (not me!) got out of their plays and locked in gains. When this ticker dropped considerably, many of those investors sold here to claim losses for this tax year to offset gains.
During Jan, I believe those same investors will be "rotating" back. Should bring ticker up to the mid 1.20s.
No matter who runs government (some are better than others), they are greedy. Before any action is taken - which I think (hope) is Recap & Release - the government will get one more Net Sweep, for Q4, under their belt.
And when good news (or great news I hope) is released, well, we saw a glimpse last week how fast this ticker can move North.
GLTA!! (Even Preferreds)
Lots of buzz --- #29 in the Breakout Board & #4 on the Most Read Board
All right! Good movement up with volume. Would be great to string days like the last two for awhile ... before the real meaty news hits.
Picked up a few more today. Been buying when I can these past couple of weeks. . . . I've now averaged down to 1.48.
However, it's been become "catching a falling knife" syndrome.
Hoping for good things in this upcoming new year.
They became more active when the selling pressure got heavy and dropped the PPS hard since Nov. But, I agree with MrT11 (Post #484955):
Exactly, not even close. The "receivership" talk was when the GSEs still owed $$$. That money has all been paid back --- and then some! Once that happened, receivership is a "no go."
A board has to have a considerable increase in posts from the day before to be on the Breakout Board --- FNMA averages in the high 100's - low 200's almost everyday.
However, FNMA is currently #9 on the Most Read Board.
The title is "Calabria Nomination As FHFA Director Good For GSE Preferreds"
I read the article, admittedly ala Evelyn Woods Speed-Reading style, and didn't see why it's [only] good for Preferreds. Did catch this:
IMO, both FNMA & FMCC are oversold. In time, we're all going to do well --- Common and Preferreds alike.
Patiently (sort of) waiting
Agreed. We know about Calabria's negative views on the GSEs, but I'm inclined to agree with the following:
Good article:
https://www.housingwire.com/articles/47672-what-would-mark-calabria-as-fhfa-director-mean-for-the-future-of-fannie-and-freddie
It appears, much like this board, even the financial analysts are just speculating what's going to happen in regards with Calabria.
It's working for me
$5.00 by next Friday
Agreed!
FNMA can have the highest earnings possible, and it still won't matter if the government is taking it away!
So, if the earnings are lower, say 25%-30% lower, and FNMA & FMCC are released, and the gov't is no longer stealing, uh er ahem, I mean appropriating the $$$ ... then the "lower earnings" are still gonna be huge.
And it will be reflected in the PPS
Very interesting read, thanks for posting. I like the timing, I've been "averaging down" the past 2weeks and am at 1.55 now. Powder dry and tapped out yesterday.
Now it's sit back and wait time --- more waiting, but I'm more hopeful for the next 3-5mnths.
All that hubbub last month caused by the Tom Nelson tweets re: MMEG dealing with their #financials, #forbes, #wealth, #crypto, #investor, #everythingunderthesun, #Ileftthestoveon, etc., was much ado about nothing.
Fast forward & Q3 was over at end of Sept., and my guess is in a little over 2weeks we'll see [another] NT 10-Q notice of late filing. . . . who knows, they may not even deal that that anymore and go completely dark, like so many tickers in pennyland.
Plan B: make $$ on other plays, hopefully make my money back (and then some!), and pay my broker a fee and declare my MMEG holdings as junk stock - so I can off-set [hopefully] future profits. Hopefully.
I'll be looking for companies that are current, have real products & Revs, and don't have Tom Nelson as a PR/IR guy.
Alot of good people got screwed here. #Lessonlearned
GLTUA on your other plays
Agreed .. lots of big buy orders today (100k & 49K, etc). Up .09 with volume. Accumulation going on IMHO.
Once this info gets digested by investors this weekend, next week should be interesting.
Thanks for posting
1.43 getting hit!
100% agree