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The Milken plan is not good.
I said that the post immediately after
It's the 7th article down
Ment to say news of the flight this month
Mnuchin flying to see Milken hours after news that a reform plan is weeks away!!!
What does this mean?!!!
https://www.nytimes.com/2019/01/18/us/politics/mnuchin-private-flight-michael-milken.html
Last is Brudjar
Drop in the bucket
A moment of silence for along4zride......lol
Or a 100 whoppers at Burger King!
Agreed
Mnuchin has already publically said that shareholders profiting is not a concern of his.
nice article, haven't seen it posted yet.
http://www.pionline.com/article/20180709/PRINT/180709891/fannie-mae-freddie-mac-privatization-would-affect-many-real-estate-portfolios
I think the last two PR's were on Tuesday
What does factor scan mean?
And why do you think that is?
And very optimistic! I'm sure they know a few things we don't.
http://money.cnn.com/2017/12/19/investing/bitcoin-crytpocurrencies-sec-bubble/index.html
Going to be like the marijuana bubble, feds are to start suspending
Can anybody tell me what happened with the lawsuit? Was there a settlement?
I like the part in this article regarding Corker
"He would be a negative voice and stand in the way of our agenda" - Trump
https://www.yahoo.com/news/donald-trump-says-tennessee-senator-155359622.html
Date: September 22, 2017
USA Real Estate Holding Co (OTC: USTC) CEO Discusses The Digital Currency MarketSymbol: USTC
USA Real Estate Holding Co (OTC: USTC) CEO Discusses The Digital Currency Market
(Mississauga, September 22, 2017 -- InvestorsHub NewsWire) USA Real Estate Holding Company (OTC: USTC) is pleased to discuss the Digital Currency Market today.
Dear Shareholders:
Over the last several months, the cryptocurrency market is growing rapidly. The overall market capitalization of cryptocurrency was $176 billion on September 1, according to data published by coinmarketcap.com. Its been a wild ride for Bitcoin (BTC) since $5000 was tested at the start of September.
Then China banned initial coin offerings and Chinas longest running bitcoin exchange, BTC China, announced it will suspend its local trading service at the end of this month, countrys two other major exchanges Huobi and OKCoin followed suit to say they will cease at the end of October as well. To add fuel to the fire, last week JP Morgan (JPM) CEO Jamie Dimon suggested Bitcoin assets are worse than tulip bulbs. At around the same time it emerged JPM was actually buying a Bitcoin ETN.
The impact of this crackdown sent Bitcoin (BTC) prices falling below $3,000 on some exchanges for the first time in a month, but it recovered 35% to around $4000 within the next few days. According to data published by coinmarketcap.com other crypto currencies such as Ethereum (ETH), the second largest cryptocurrency by market capitalization, has jumped more than 3500 percent year-to-date. Bitcoin Cash (BCH), which was formed by the split of Bitcoin, continues to gain market share. It rose to become the third-largest digital currency by market cap. Ripple (XRP), which rose 3977% in the first half of 2017, right behind Bitcoin Cash (BCH), is the fourth largest crypto currency. Having established that Bitcoin should still make further highs, the question now is how will the rally unfold.
ABOUT USA REAL ESTATE HOLDING:
USA Real Estate Holding Company (OTC: USTC) is a public holding company that targets acquisitions of undervalued, niche companies with high growth potential, income-producing businesses, including real estate properties, Fintech companies and other emerging digital technologies all of which offer high returns for our shareholders.
During the past year, we have been in discussions with several companies regarding a potential merger or acquisition. We believe we are close to striking definitive agreements in the near future. Upon signing a definitive agreement with any one, USTC will update the market and release details.
Yes! 4 years later and up 600% just today I finally made 12 bucks.
I did too so don't feel bad but now I am averaged in much lower.
From Ragingbull.com
Today’s trade: Fannie Mae, as longstanding lawsuits are resolved
Jason Bond
September 13th, 2017 at 8:45 am
The back story: Fannie Mae (FNMA) has been embroiled in a pile of lawsuits for five years, starting in August 2012 with the infamous “Net Worth Sweep” scheme by the FHFA. The suits alleged that a government body unilaterally confiscating shareholder value of a publicly-traded enterprise was unconstitutional.
Essentially, at that time in 2012, the FHFA insisted the purpose of the “Sweep” was to prevent a “death spiral” in Fannie Mae. The U.S. Treasury has concurred with the FHFA, most recently in documents submitted in June to the Eighth Circuit Court of Appeals.
The plaintiffs’ case against the FHFA was that the agency conspired to confiscate Fannie Mae’s future earnings while “winding down” the enterprise. And evidence has emerged to support that case, particularly in the most high-profile of the Fannie Mae lawsuits, filed by Fairholme Funds, a well-known value investor.
The Fairholme Funds – which own a substantial stake in FNMA preferred stock — appear to offer the most damaging arguments against the government’s contention that placing FNMA into conservatorship was necessary to “save” the institution. Just weeks after the Sweep scheme was uncovered in 2012, an email between FHFA officials was entered into evidence which contradicts the FHFA’s assertion that the agency planned a “wind down” at a future date; instead, it suggested that the sweep was done solely to justify a wind-down.
Since this revelation, more documents supporting Fairholme have emerged. In an article, entitled, ‘More Documents, More Proof of a Scheme to Illegally Pilfer Fannie and Freddie’, other documents generated by the FHFA, Treasury and White House counsel support the ‘smoking gun’ email that implies that the sweep was a ruse to rob FNMA shareholders.
Why I’m buying/holding FNMA: I expect a successful outcome to the Fairholme case.
President Trump chose Steven Mnuchin as Secretary of the Treasuryin part to resolve FNMA in favor of stockholders. It’s a basic part of Trump’s ideological fabric, and of his administration; as a natural and avowed proponent of the free-enterprise system, the President is expected to bypass lengthy court trials and execute his own plan to restore shareholder rights to FNMA.
How the President’s plan will ultimately look is not clear, but taking a stake in an enterprise that trades at a laughable $2.9 billion while knowing that FNMA has sent the US Treasury a total of $160 billion of earnings from the ‘Sweep’ is a fantastic risk/reward bet that some or all of those earnings will come back to shareholders as these cases are resolved.
President Trump can’t save face by allowing the government to justify yanking shareholder Constitutional rights, so he can’t let the FHFA prevail.
How I’m playing it: I’m long 10,000 shares of FNMA at $2.52 and intend to add 10,000 shares, with a target of $10 or more long-term. Whether I simply make a good profit or the “profit of a lifetime,” FNMA is the most interesting and exciting trade I’ve come across in a very long time.
#-#-#
Jason Bond runs JasonBondPicks.com and is a swing trader of small-cap stocks. At the time this was published on RagingBull.com, as described in the article, he held 10,000 shares of FNMA, and was planning to double that position as described in the article. He no options or open orders in FNMA.
Recent PostsToday’s trade: Fannie Mae, as longstanding lawsuits are resolvedFollow-up: Financial Select Sector SPDR (XLF) callsWhy not: Short the market off of this week’s up-movesRaging Bull podcast: Jeff Bishop says Amazon effect has created year-end opportunity in retailOn the watch: the return of the breakout play in MU and ATVI
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I look at the weekly too which is in a definite uptrend and a bigger picture so no reason not to believe it's more likely to break to the upside as long as there isn't any significant negative news. The sentiment is more positive. Even a small run up from a breakout will be peanuts compared to the run up we will get from significant news events we have been waiting for, but still fun to see!
https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:flag_pennant_continuation
Basically the sellers are drying up...
If you are into charts, there is a nice pendant forming. I think there will be a breakout.
When Josh Rosner was on the Closing Bell this week, he said "Remember, these are only the first 3 dozen documents out of what will be 10,000" It sounds to me like he expects or has heard that the rest of the documents will be released.
I signed it!
Almost looks like he is smiling!
Same here, how would that effect us?
Yep, surprised it's not getting more attention
Go to oversight.house.gov
Click on hearings then calendar and today's date
I'd anybody else going to watch this? Looks like it starts at 10:30. Should be interesting!
So was it Maria or Gretchen with the 100k buy earlier? Ha!
Yep, that was quick
Almost at the 200 day MA let's hope it holds. If not, buy more! Most of the positives are still in play. Just the impatient being impatient...