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SHORTERS DESPERATES !!!!!!,
Goldman Sachs Is IN-FACT Buying FNM Common Stock!,
The $5.00 rule was out the window when fortune 500 Companies went on sale and started trading well under a dollar a share.
In our unusual times (meltdown) Companies like GS and several others have been accumualting FNM and AIG to make up for billions in value lost; They had to and they will buy at much higher levels too what is just silly is these funds are just realizing the buy low concept vs their stayed rules that in our new world economy just don't work any more. The other interesting thing is the extended time Nasdaq has allowed sub dollar stock to stay listed also due to these unusual times.
I too would like to buy much more stock here and at last weeks prices...what the Hell were we thinking we all should have gone 100% full tilt into FNM last week it so easy to waist money on Bull Shi@t companies and so rare to fine one at a fraction of its value guaranteed by the FED.
WORLD MARKETS UP THIS WEEK !!!!!!!!
READY TO RUN STRONG !!!!!!!
SHAKERZZZZZ COME ON FNM BOARD !!!!!!
The inventory of homes for sale in California dropped sharply in October as the pace of sales picked up, a report said Tuesday.
The California Association of Realtors Unsold Inventory Index for existing, single-family detached homes in October 2008 was 5.9 months, compared with 15.2 months for the same period a year ago.
The index shows the number of months needed to deplete the state’s supply of homes on the market at the current sales rate.
CAR said the median number of days it took to sell a single-family home was 45 days in last month, compared with 58.8 days for the same period a year ago.
“Statewide sales increased significantly in October to 552,750 homes on an annualized basis, the highest sales level since late 2005,” said CAR president James Liptak. “The record gain stemmed primarily from extremely large increases in regions with a high concentration of distressed sales.”
The Realtors reported that home sales increased 117.1 percent in California last month compared with the same period a year ago, while the median price of an existing home fell 39.9 percent to $311,060.
The Sacramento area was not immune to the price drop.
The median price of an existing home in Sacramento fell 34.8 percent to $195,000, with the city of Sacramento seeing a 45.1 percent drop to $150,000. Elsewhere in the region, the median price of a home in El Dorado County was $387,000, down 3.7 percent; in Placer County it was $320,000, down 20 percent; while in Yolo County, it was $279,000, down 22.5 percent.
Statewide, the 10 cities with the highest median home prices in the state during October 2008 were: Newport Beach, $1.15 million; Danville $883,250; Mountain View, $860,000; Santa Barbara, $835,000; Los Gatos, $810,000; Cupertino, $804,500; Santa Monica, $744,500; San Mateo, $740,000; Redondo Beach, $727,500; and San Ramon, $710,500.
Thirty-year fixed-mortgage interest rates averaged 6.20 percent during October 2008, compared with 6.38 percent in October 2007, according to Freddie Mac. Adjustable-mortgage interest rates averaged 5.21 percent in October 2008, compared with 5.68 percent in October 2007.
FNM and FRE 100% more soon !!!!!!!!!
$ 1.01 ouch shorts
Fannie Mae Redemption
Friday November 28, 9:00 am ET
WASHINGTON, November 28 /PRNewswire/ -- Fannie Mae (NYSE: FNM - News) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
(All amounts in U.S. dollars unless otherwise specified)
Principal Security Interest Maturity Date CUSIP Redemption Date
Amount Type Rate
$15,000,000 MTN 4.000% September 8, 3136F9E41 December 8,
2011 2008
$1,000,000,000 MTN 3.250% June 9, 31398ARP9 December 9,
2010 2008
$150,000,000 MTN 3.375% June 9, 3136F9RZ8 December 9,
2010 2008
$50,000,000 MTN 3.800% September 9, 3136F9SZ7 December 9,
2010 2008
$200,000,000 MTN 3.560% December 10, 31398APA4 December 10,
2010 2008
$50,000,000 MTN 3.650% June 10, 3136F9RG0 December 10,
2011 2008
its good or bad opinion please
1.50$ next week ?
SHORTERS COVER NOW!!!!!!!!
AGRESSIVE COVER IN FNM & FRE ....GSEs SHORT SQUEEZE !
fre AND fnm ALL EYES IN !!!!!!!!!!!!!
AGRESSIVE COVER IN FNM & FRE ....GSEs SHORT SQUEEZE !
FNM AND FRE SHORT SQUEEZE !!!!!
FNM .....Already up 25% and 1,000,000 share in pre-market. WOW !!!
Already up 25% and 1,000,000 share in pre-market. WOW !!!
blood blood blood blood .....STOP LOSS !!!!!!!!
FRE 0.94$ -----FNM 0.90$
AGRESSIVE COVER IN FRE AND FNM !!!!!!!!!!!!!!!
AGRESSIVE COVER IN FRE and FNM !
GOLDMAN SACHS are HUGE BUYERS.........somethings up.........USA gov't JUMPS in FNM
GOLDMAN SACHS are HUGE BUYERS.........somethings up.........USA gov't JUMPS in FRE
is just way over sold. So watch for the price to move about well over the $3 range in the next week due to the credit markets moving once again. This is going to be huge for FNM & FRE too!
is just way over sold. So watch for the price to move about well over the $3 range in the next week due to the credit markets moving once again. This is going to be huge for FNM & FRE too!
FNM 0.63 and FRE 0.69
0.68 X 0.69
FRE and FNM !!!!! great after hours
FRE & FNM easy above dolar!!!!
FRE Agressive cover after hours !!!!!!!!!!!!
0.64 X 0.65 !!!!!! Huge tomorrow
FRE now .65cts & climbing!!!
Well the reason is because FNM has until the end of the day tomorrow to state publicly to the NYSE what they plan to do to get the share price over $1 to avoid delisting. The answer, of course is today's annoucement of the FED to to buy $100B of FNM/FRE debt, which most likely will be by buying preffered shares, and this will boost the stock price to well above the $1 dollar value.
Well the reason is because FNM has until the end of the day tomorrow to state publicly to the NYSE what they plan to do to get the share price over $1 to avoid delisting. The answer, of course is today's annoucement of the FED to to buy $100B of FNM/FRE debt, which most likely will be by buying preffered shares, and this will boost the stock price to well above the $1 dollar value.
The Treasury is expected to announce on Tuesday it will buy stakes in Bank of America [BAC 22.79 1.92 (+9.2%) ], Wells Fargo [WFC 30.40 2.09 (+7.38%) ], Citigroup [C 15.75 1.64 (+11.62%) ], JPMorgan Chase [JPM 41.99 0.35 (+0.84%) ], Goldman Sachs [GS 111.00 22.20 (+25%) ], Morgan Stanley [MS 18.10 8.42 (+86.98%) ] and Bank of New York Mellon [BK 30.68 4.18 (+15.77%) ], two sources told Reuters News on condition of anonymity.