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Keeping an eye on this one for a while. During my doubt to get in, this stock ran to 0.5 on no news. Probably it will decline wildly to 0.25, which looks like a more realistic value based on the slow rise before the spike up. Buying this now is too risky.
Looking at your post history I'd say people better neglect your opinions.
Prior to this legislation, mergers and acquisitions required a unanimous vote in favor from the shareholders of the company. This allowed for just one dissenting shareholder to veto the merger or acquisition, even though it may have been in the best interest of the company. State legislation took away this right, but in turn, gave the shareholders the right to receive the cash payment for their shares instead.
http://www.investopedia.com/terms/d/dissenters-rights.asp
But you quadrupled your investment. Come on, be happy with what you achieved. And the chance you would have sold at 5$ is very very unlikely. I would have done the same.
It's still a good time to buy if you believe in a positive outcome.
FNMA doesn't need to be pushed on this board to be able to sell your shares. Don't compare this with your average low volume OTC stock. I'm sure people who are in since .30 took already serious profit and are riding "free" shares.
Explain why the charts says so according to you.
I honestly see it going violently sideways. No clear technical signs for a spike up/down. Volume went back to sleep.
I assume the position value is calculated on average PPS?
In this case Fairholme has a PPS higher than 2$, unless he added recently. Hope to see an update soon on his position.
I admit this could be true with lots of OTC penny stocks having small volume. Your average scammy P&D stocks, who attract inexperienced investors on this board and believe the fairy tales. There you often could see a parallel between volume and posts on iHub.
FNMA is another story though. I've been following this board for 3 months and the posts, predictions, pumping or bashing had no effect at all on the volume or PPS. Let the previous days be a perfect example. The sudden spike up took everyone by surprise here.
As if you can do that by posting on this board.
Has anyone a clue what triggered the run?
It's just catching up with US price. German market was already closed before the spike yesterday.
I noticed the indicators are shifting to hold/buy though. 2 weeks ago it was 100% sell. You're actually contradicting your "strong sell" advice with your link.
Volume in the last 30mins was impressive though.
Very curious for tomorrow.
I agree. The drop was predictable. Who wouldn't take an almost 100% profit? Seeking support now around .048
If it holds new highs may be expected.
It's not old but irrelevant. I'm going to nap, just as FNMA does.
Back in. Seems to hold at 0.048.
About time to get back in...nice drop from 0.06...let's see where it bounces.
Volume stagnated, back to where we were 4 trading days ago. Dream on. This is not gonna break out without new positive facts.
Nothing wrong with taking profit. I will soon too.
This is at the same level as 4 trading days ago.
Funny board.
massive bounce? It's a few pennies up.
haha, volume is in on the Canadian side and it tanks. Staying on the sideline for this one. Would definitely not buy on OTC.
It's been since June 26 we saw 1.18$
Curious for the volume today. If it spikes up, PPS might do the same.
July 2 was 1.68$.
Earnings have no effect on the PPS...For now. Let Q2 ER prove that.
Q3 will be no different if we don't have positive news concerning the c-ship.
4 mistakes in a single line post.
No bottom built, no cry for next move
Predictions based on the chart make little sense here.
oh wow, is cysg awaking from a deep coma?
I wouldn't mind .0005 payout. At least it would be something and pretty near my average. For others it might be darn painful.
Is there still somewhere a chart from the years they traded?
There hasn't been any flip opportunity since mid august.
As far as I have read your posts you did not post sources which prove your opinions or statements as true.
I wonder where those hundreds of sources are.
I second that. Nothing new contra on the board since a while. nothing pro either. And the ticker reflects that. stealth mode :).
7mil is a lot actually. Plenty of interest here. If it goes under 1mil i'd become anxious.
You should buy preferreds then, since you seem to freak out on the commons and lack the patience.
Yup, Franny is in the making.
Typical pump and dump talk going on today. Look at the posts previous days. What a difference. haha.
I've questioned it too. Yesterday OTC traded roughly 25k $ total. That's pretty laughable. TSE about 400k $.
I wouldn't feel very relaxed with a big buy on OTC :)
A website functions on all devices if properly made and can be accessed by all devices running a simple browser. An app doesn't. You need a specific device for which the app is built and the owner needs to maintain different versions for different platforms. Way more expensive, way less target audience.
You even need a website to promote your app. lol.
They initiated the lawsuit in favor of shareholders after that spike. Do you seriously think they wouldn't hold any shares and start a lawsuit? Come on.
I just like to state facts with possible data we have as of now disproving your dramatic headlines.
Enough attention for you today. I think readers can make up their own mind.
So if Berkowitz is saying he may INCREASE his position, you're saying he is lying and sold all his shares?
This while having a lawsuit active
http://www.bloomberg.com/news/2013-07-09/fairholme-funds-sues-u-s-for-fannie-mae-profit.html
You don't believe yourself now, do you?