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Well according to the self proclaimed expert on the GSE situation, July 1st will be huge.
Do you still stand by your statement?
“FnF TO BE DECLARED UNDERCAPITALIZED ON JULY 1ST:SOURCES”
With the massive dilution coming, your vote will mean nothing.
Quiet and rotating to pfd. Maybe they do perhaps know something us average joes do not.
I scanned your 2017 article and could not find fnma. Mind pointing me in the right direction?
Don’t you have people to call out, like Steve Mnuchin, and say they should be in jail.
Reaching a little?
Is there a reason? Seems to me like there is not.
This is crazy Carlos creating chaos.
From who? That was garbage.
Was expecting a lot more volume this morning than what I have been seeing. Looks like the news eats only good for a little pop.
Imo- the most SIGNIFICANT thing from yesterday’s great news is the obvious trend. All pfds were green while common was red. If that’s not a clear indication of a rotation and where smart money is buying, than I don’t know what else is. Maybe we can get a penny or two back today.
Average Joe.
If only they did not have contracts that have to be honored, unlike common shares which can be cancelled.
Pfds up on news of release and commons down. Even a blind idiot could see what is going on.
Excellent post, thank you.
More inaccurate statements by the commander himself.
Everyone would be happy especially considering the Chance commons get cancelled so instead it would be FNMAS-500% and FNMA-0%. And there are quite a few people who bought in the 4s and 5s that would really suffer. But with moelis, they would still double their money.
It is fantasy land to think the greedy gov will ever return money to shareholders.
Best to wish for double digit share price and against the possible cancellation of commons IMO.
Best of luck to you and CBS as the head of the average joes.
He hasn’t yet so IMO, no sticky is needed or warranted.
Pref will be paid first before common. That is one thing everyone in this board can agree on.
You have to be delusional to think the Government is going to give shareholders money unless it is ruled so by a judge.
Last time I checked, there were not too many lawsuits by average joes trying to recoup 80 billion.
If FNMA is suppose to trade at $180- I guess the average joes give that a less than 1% chance of happening given current price.
Follow the money is correct. Didn’t Ackman just open a pfd position to hedge his risky common position?
A simple google search will walk you through it.
That just shows the intelligence of the gang of average joes. Plus the red font is the icing on the cake.
PFD shares are looking great today. Maybe the average joe gang really did rotate as they saw the writing on the wall.
Give jr pfd par value - about 5x upside for some classes, exercise the warrants and put the twins in a utility model. The price for common will be around 7-9 if they decide not to cancel the shares. So in your own words, it sounds like the pfd shares are the better bet IMO.
It’s because of accumulation, have you learned anything in the last 10 years?
Amelia,
You agreed last night with my statement below
“It seems like most days we drop down anyways. Up 10 cents to bleed down 3-4 cents a day for a week straight”
It has nothing to do with Glen, 80-90% of the days for FNMA are slow bleeds back to dollar land.
Looks like a BIG SWITCH from commons to Pfd.
It seems like most days we drop down anyways. Up 10 cents to bleed down 3-4 cents a day for a week straight.
Been hearing this for 8 years now.
I think the only people that listen to your mindless rants are your fellow average joes who swear the price will be $1,000 per share. Monday will continue the FNMA bleed down to dollar land where traders will become interested again.
They do have an incentive- it is called the warrants. I don’t know how many times it has to be said on this board.
The writer of this article makes Alex Jones seem normal when you look at the author’s previous posts and rants. I will not be retweeting that as it is an embarrassment for FNMA holders and written by a lunatic.
You are bragging about an article written by yourself, desperation at its finest.
With no positive news, we will test recent lows and speculators will begin buying for a 50% gain to 1.50. Then it will be rinse and repeat again.
Like clock work, sell the pop, wait for the bleeding, buy low and rinse and repeat. Should have another .15-.2 downside before a nice entry point.
Well with the Average Joe Plan they would make quiet a few people overnight billionaires.
And to think that it has been reported that all the senators approve of the plan and endorse it, really gives us average joes some hope. This stock is like winning the powerball and mega millions in the same week and becoming instant billionaires!
Watt may be compelled to place these companies in receivership in order to stop these greedy average joes from seeking $1000 per share.
Playing hypothetical unrealistic games is fun but pointless.
And back to the same rhetoric of “anyone who does not agree with me is a fraud and crook”. Does this not get tiring? Not everyone forecasts a price of $300 and the vast majority of people are more realistic. And this is not even mentioning about how you think the funds were diverted into an account for recap when they are on record of being used in the general account.