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Yep, I've seen Patswil's formula several times....this being his most recent: PPS should be $379.00 $11bill/1.16X P/E 40==$379.00
Just hard for me to believe that this thing could actually hit that....frankly because if it does, I'll be able to retire very early. ;)
Thanks for the response.
FNMA valuation question....
I have seen many opinions on what FNMA pps may go to/be worth if released from conservatorship. Many are suggesting lofty prices of $120, $180, even $300. Looking at the 20 year chart of FNMA, its highs were hit between 2001 and 2002, where it hit the mid $80's. I know inflation plays a factor, but how is it that so many people feel that FNMA shares are potentially worth so much more now than their 20 year highs set back in 2001/2002?
I have been holding since the subdollar range, and would be thrilled if it hit $20, ecstatic if it hit $40, and would probably faint if it hit $80. How in the world can you guys have targets of $120 and up?
Just looking for solid insight, not speculation or sarcasm. I want to set a realistic exit point for myself.
Thanks in advance.
Armstka
Heres a question...does this company have a physical location? I have seen two different addresses, one in Florida, one in Danbury, CT.
The address provided in Florida I found is actually a Publix grocery store, and the CT address is a Hotel/Strip mall combo. No IFCR to be found at either.
42 Lake Avenue Extension
Danbury, CT 06811
8374 Market St, Lakewood Ranch, FL 34202
Anyone care to shed some light?
Curious, for those that have started positions in the sub.002 level (as I did), what is your target exit point?
Again, just curious. I'd like to think this could actually hit .01 at some point longer term if leadership continues their improvements, because it is very rare to see a stock actually turning profit at these levels, but...I'm no expert.
Certainly meant no disrespect, nor did I intend to ruffle your feathers. I just felt it was suspect. If its true, then good on ya mate.
Hoping this thing is on the up and up VERY soon.
Cheers
I was kind of thinking the same thing....
I'm no penny stock expert by any means, although I have seen my fair share. I don't recall ever seeing a stock in the sub penny range that actually generated a profit, or anywhere CLOSE to a profit for that matter.
Frankly a little surprised and how low this is. But what do I know.
Pennies are ripe with scum. They have always been there, and they will always be there. Learn to ignore them.
Reading the back and forth banter ("blast off!" "Sinking ship!") reminds me of why I stopped dabbling with pinks some time ago.
Sheeesh
I picked up some more. Very interested to see where this is in six months.
FIll dammit fill!
Picked up 15's yesterday as my first entrance into this stock. Looking to more than double my position today at 16. Hasn't filled yet.
Used the last of my available powder to place bid on a nice chunk of this. We'll see what happens. Can't see it going any lower really, but I've been wrong plenty of times before.
GLA
Yeah, but every time I've tried to time the buys and sells on this thing over the last 3 years, I screw it up. Only been successful once or twice....so I decided to stop trying and just hold long term. Guess I suck at trading. Good luck if you go that route.
Wow....uhh, that author might know investing (maybe), but he sure doesn't have a grasp on English composition. What a horribly written article.
Yeah, I found all that information as well. Was just a bit surprised that there is no physical address.
Does this company have a physical address? I recognized this company has a PO Box in Norcross, GA. I grew up in Norcross, and still live about 30 mins from there. However, I can't find a physical address for this company anywhere. Anyone?
As if Mondays weren't crappy enough as it is.
Level II....so $7 printed. Did anyone see how many shares actually traded at $7?
You can add me....Bronze.
Cheers
Couldn't have said it better myself!
I agree, but you will see in my post that it IS in fact true. Info I posted was taken directly from TD Amer.
Still though, I agree, seems odd.
Here are the Top 10 Holdings As of 01/31/2014
Company YTD Return
(as of 03/20/2014) % of Assets
* Fidelity Cent Invt Portfolios -- 2.75%
* US Treasury Note 0.25% -- 2.72%
Google, Inc. Class A +6.82% 2.09%
* US Treasury Note 1.5% -- 1.97%
Apple Inc -5.76% 1.90%
JPMorgan Chase & Co +2.79% 1.36%
* Fannie Mae 3.5% 30 Year -- 1.32%
Procter & Gamble Co -3.80% 1.31%
Bank of America Corporation +15.09% 1.30%
Capital One Financial Corp -3.04% 1.17%
Here are the Top 10 Holdings As of 01/31/2014
Company YTD Return
(as of 03/20/2014) % of Assets
* Fidelity Cent Invt Portfolios -- 2.75%
* US Treasury Note 0.25% -- 2.72%
Google, Inc. Class A +6.82% 2.09%
* US Treasury Note 1.5% -- 1.97%
Apple Inc -5.76% 1.90%
JPMorgan Chase & Co +2.79% 1.36%
* Fannie Mae 3.5% 30 Year -- 1.32%
Procter & Gamble Co -3.80% 1.31%
Bank of America Corporation +15.09% 1.30%
Capital One Financial Corp -3.04% 1.17%
Well, he got it right last time.....
Yes, but careful. Looking back and thinking 'shoulda coulda woulda' causes emotionally charged decisions in the future. You will do things against your gut so as not to 'miss that opportunity again', only to have it backfire.
Just sayin. Be happy with your gain, and learn from mistakes, but don't be mindful of emotions. I have learned my lesson in the past.
Cheers all
my pleasure
Anyone lucky enough to grab some right at $3? Or perhaps, even $2.99? If so, well done.
In light of recent events, I thought this might be a useful read for some. (actual charts aren't showing, but you'll get the picture) No, we can't always predict the future, but....
Professional vs. amateur gaps
When you are looking at gaps on a stock chart, the most important thing that you want to know is this:
Was this gap caused by the amateur traders buying or selling based on emotion?
Or...
Was this gap caused by the professional traders that do not make emotional decisions?
To figure this out you have to understand this one important concept first. Professional traders buy after a wave of selling has occurred. They sell after a wave of buying has occurred.
Amateur traders do the exact opposite! They see a stock advancing in price and are afraid that they will miss out on the move, so they pile in - just when the pro's are getting ready to sell.
Here is an example of a gap caused by amateur traders...
chart of an amateur gap
See how this stock gapped up after a wave of buying occurred? These amateur traders got emotionally involved in the stock. They piled in after an already extended move to the upside.
These traders eventually lost money as the stock sold off over the next few weeks. Notice how the stock eventually did go back up - but only after a wave of selling occurred (professional buying).
Here is another chart:
chart of amateur gap
See how this stock gapped down after a wave of selling occurred? These amateur traders got emotionally involved in the stock. They sold after an already extended move to the downside.
Ok, so let's break this down, shall we?
If a stock gaps up after a wave of buying has already occurred, these are amateurs buying the stock - look to short.
If a stock gaps down after a wave of selling has already occurred, these are amateurs selling the stock - look to go long.
These types of gap plays usually provide great opportunities because they represent and extreme price move.
Felt like I was being 'smart'....like I had learned my lesson. 'Don't fall in love with a stock....don't get emotional"....So I secured my profits at $4.95 last week. When FNMA hit $5 last year, I was holding from .79, and did not sell. I rode a stock from $5 to $30 in a few months several years ago, and did not sell. Then it tanked. I felt certain selling at $5 this time was smart, so I didn't make the same mistake 3 TIMES. Was going to get back in when it dipped back down to $4, which it didn't do....now it keeps climbing.
Just venting.
Dear FNMA, please have one more huge dip so I can jump back in.
Sincerely,
'Dad trying to gain enough to cover his daughters college in Atlanta'
Fantastic. Well done.
Correction---When will it hit? Thoughts? I though it would have hit by now.
Me neither. Every time I have tried to play the 'swings', I end up getting burned. Done trying. I will hold until this thing reaches my target.
GLTA
I have ignored the sentiments on this board for quite some time now, both positive and negative. I followed my gut. I knew this thing would take off eventually if I was patience and held. Too many indicators that the PPS should be MUCH higher.
Question for the nonflippers if I may...what is your long term PPS goal or exit point with this thing? Just curious.
Thanks, and GLTA.
I have ignored all sentiments on this board for quite some time now, both positive and negative. I followed my gut. I knew it was only a matter of time before this thing took off, as long as I was patient. Just too many indicators that the PPS should be MUCH higher.
So if I may pose a question to the non flippers....what is everyones long term PPS goal or exit point with this thing? Just curious.
Thanks and GLTA.
Increased my position at $1.57
Hoping for a double bagger.
GLTA
I'm in at .176
Good luck to all.
Quite a run this thing is on. Kicking myself for not buying on that pull back about two weeks ago. How long before the next correction? I'll buy when it happens again.