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lol i remember that
unfreeking real
that's CRAZY
-21% *Lehman Talks with Korea Development Bank Said to Have Ended - Bloomberg Reports
*Lehman Talks with Korea Development Bank Said to Have Ended - Bloomberg Reports
getting a spanking again
that's a good idea
GM max, and all
good night all.......see you in the am
yes, usually FNM leading the pack of the two FRE trading higher than FNM have not seen that that i can remember
no, but i got out there
FRE, FNM what a bounce to close sweeeeeeeeeeeeet
nice, very nice
nice MC
FRE at 1.00 fall baby
i thought it was halted for news pending
-16% spanking
IDK whats going on
yes, including me buddy
*United Confirms Bankruptcy Filing is untrue - CNBC Reports
*United Confirms Bankruptcy Filing is untrue - CNBC Reports
FRE,FNM a flippers dream sweeeeeeeeeeeeeeeeeet
*Lehman Brothers Downgrades Freddie Mac (FRE) To Equal weight From Overweight With $4 Down From $20 Price Target
Lehman Brothers Cuts Fannie Mae (FNM) To Equal weight From
Overweight With $4 Down From $20 Price Target....gee you think lol
ABK news: Ambac Financial Group, Inc. (ABK) on Monday said that the State
of Wisconsin, Office of the Commissioner of Insurance approved up to $1
billion in future intercompany asset sales and secured lending transactions
between Ambac Assurance Corp. and its Investment Agreement business
affiliates. This, when combined with an existing approval of $200 million in
secured lending transactions would enhance the liquidity within Ambac's
financial services segment. Current projections of the investment agreement
liability balance result in a reduction of 50% in five years, from a balance
of $6.7 billion at June 30, 2008.
oh yes, nimble and quick, FRE, FNM i wont touch the first 30 min of trading
yes, they did, and more will follow at open is my guess
Gapping up
In reaction to strong earnings/guidance: HITK +6.7%... M&A news:
GEHL +114% (to be acquired by Manitou for $30/share);
NCEM +35% (to be acquired for $13.37 per share by Calypso Acquisition Corp),
UST +1.0% (confirms it will be acquired by Altria for $69.50 per share in cash)...
Financials, homebuilders and other mortgage related stocks are trading sharply higher on the Treasury's plan to take control of FNM & FRE:
WM +24.1% (announces new CEO and Memorandum of Understanding with the Office of Thrift Supervision),
PMI +22.9%, SCA +20.4%, BBX +19.5%, ABK +16.2%, NLY +15.5%, RDN +14.8%, RF +14.6% (also upgraded at FBR), UCBH +13.2%, WB +13.1%, TGIC +12.2%, CMO +11.5%, HOV +10.9%, BZH +10.8%, AIG +10.8%, C +9.5%, TOL +8.3%, LEH +7.4% (LEH in fresh shake-up of top executives - FT.com, ests also cut at Oppenheimer), MER +6.7% (ests cut at Oppenheimer), GS +4.9% (ests cut at Oppenheimer), etc...
Other news:
BPAX +14.7% (announces positive oral contraceptive clinical results),
DFS +5.5% (profiled in Barron's Online),
RIMM +4.2% (upgraded at Morgan Keegan).
BIOD -54% PM
will be interesting to see what happens at open
07:20 Fannie Mae and Freddie Mac: Regulator places FNM and FRE into conservatorship; tgts reduced to $0.50 at FBR
Friedman Billings says given the placement of Fannie Mae and Freddie Mac into conservatorship and the significant dilution to existing common shareholders with the Treasury preferred stock capital injection and issuance of warrants, they reduced their tgt for Fannie Mae and Freddie Mac to $0.50 per share, both represent our estimate for appropriate steep discounts to reported GAAP bookvalue as of June 30, 2008. On September 7, the Federal Housing Finance Administration (FHFA) decided to place Fannie Mae and Freddie Mac into conservatorship. To complement the FHFA's decision, the Treasury has outlined additional steps to provide stability to the financial markets and support the availability of mortgage finance. The companies' common stock will continue to trade during the conservatorship; however the power of the shareholders is suspended until the conservatorship is terminated. Putting the GSEs into conservatorship to bring liquidity back into the mortgage market will be viewed positively by investors in their opinion and should result in a rally in financial stocks.
"Standard & Poor's Ratings Services said that it affirmed its long-term 'AAA' and short-term 'A-1+' senior unsecured debt ratings on Fannie Mae and Freddie Mac. The outlook is stable. At the same time, we lowered our risk-to-the-government standalone issuer credit ratings on Fannie Mae and Freddie Mac to 'R' (regulatory supervision) from 'A-' and withdrew the ratings. We have also revised the CreditWatch listing of the 'BBB+' subordinated debt ratings on these entities to positive from negative. In addition, we lowered the preferred stock ratings to 'C' from 'BBB-' and removed the ratings from CreditWatch with negative implications. The subordinated debt and preferred stock ratings were originally placed on CreditWatch Aug. 26, 2008... We believe the government has now clearly reinforced its support of the two government-sponsored enterprises. The government's action underscores the importance it places on the GSEs, as well as its apparent belief that their mortgage franchises are viable and critical to the financing of the U.S. mortgage market and the overall economy."
i show nothing for either
well this time i got lucky, look at FRE,FNM been halted i guess?????
WM +24,ABK +16,RDN +18,PMI+19,FED +10,TMA +13