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Look at the third sticky note above. You will get more than enough guesses..
One... Where is your guess?
I agree with you but I am a little more than half of what your buyout price would be. I listened to what ABC told One and he thought One's guess at $2.00 was abit short..
$2.25--April--YES--3/29/09 --Partyof22--DOW
Look... All th INFO for this company is in the IBOX. READ IT!! If you READ what is in th IBOX you can see EESO is heading for good places. I have been watching everyone lately just BASH the hell out of this. Again READ what's there and make your OWN Dicission. Rome wasn't built in a day and I would think it would take more than a week for Jared to make his mind up on the LOI. Everyone needs to RELAX. The PPS probably won't move much until more info comes out on th LOI. (IMO) The possibilities for EESO are amazing. DO your homework and make your own choice. I for one am in it for the Long hall. I don't post much but I read all of your everyday.. I kinda have that fat finger and spell check thing that ABC has.. Good luck to All..
ABC Bring Part of that back from your long trip next month...lol
WELL PUT ABC.. Good things will come to those who wait.. Go EESO!!!
Keep Smiling ABC... We believe in Ya. Get well soon!!
Thanks so much for all you have done ABC... I don't post that much but am relieved when you bring reality to this board. I know the folks that have been here a long time will reap the rewards. Thanks again and get well soon GO ESSO!!!
My Scottrade shows 41M now!!!
ABSOLUTLY... Been taking a beating.. She done goods!!!
Well I don't post that much BUT I have to give props to Glassy. She hit this DEAD on.. I watch this everyday and watch all the posters. Glassy I give you credit. You hit the NAIL SQUARE on the HEAD !!! Congrats!!
I don't think so.. I have tried before to put a buy order in on a Saturday when the market was closed and it wouldn't let me do it. Today went through withot a hitch..
Something Weird goingon.. Scottrade NEVER let me do this before and I have tried several times only to get error messages telling me I need to contact them. Today though.. went through the first time. ???
OK Folks...hi imy first post with this stock. I have two points.. 1 is I got in last week on the dip but I had to call Scottrade to buy this stock. I am very glad I did as now I can join al of you in the upcoming celebrations. This brings me to my biggest point. I just did a test buy on my Scottrade account and it let me put in a buy order. It wouldn't let me do it on Friday... Scottrade also tells me this is now on the OTC. Friday it showed it as a Pink stock thus not letting me put a buy order on line. It seems that something has changed since Friday in regard to this. Anybody have any ideas???
Also LOVE the new WOW Green Web site. Very exciting tiomes
GLTA
Lets Party!!
We Keep seeing positive news........
Overseas investors buy Fannie, Freddie debt
By Deborah Levine
Last update: 10:31 a.m. EST Jan. 9, 2009
NEW YORK (MarketWatch) -- Foreign official and private investors increased their holdings of so-called agency debt in the latest week, the first increase in 14 weeks, possibly encouraged by the Federal Reserve's own purchases of debt issued by Fannie Mae (FNM:Fannie Mae
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Last: 0.76-0.03-3.29%
10:44am 01/09/2009
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FNM 0.76, -0.03, -3.3%) , Freddie Mac (FRE:FRE
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FRE, , ) , and other housing entities. Agency debt held by the Fed in custody for foreign investors increased by $700 million, according to data compiled by the Fed released late Thursday. That's the first increase, and followed last week's small decrease, since early October, when custody holdings went into freefall, said Lou Crandall, chief economist at Wrightson ICAP, in a research note. "It remains to be seen whether foreign official holdings have actually stabilized, or whether this is just a brief lull in the long-term liquidation that began last summer," he said. The Fed bought $10.2 billion in assets from the agencies earlier this week, the first steps in a program designed to lower mortgage rates and stabilize the housing market.
Latest News Headlines for Freddie Mac
Fed Bought $450 Mln Of Mortgage Bonds Guaranteed By Ginnie
1 minutes ago - CM
Fed Bought $2.9 Bln Of Mortgage Bonds Guaranteed By Fannie
2 minutes ago - CM
Fed Bought $6.9 Bln Of Mortgage Bonds Guaranteed By Freddie
2 minutes ago - CM
Fed Bought $10.2 Bln Of Agency Mortgage Bonds Jan 5-7
Sorry.. Paragraph 5
This is from yesterday.. They started buying yesterday... They will report what they have bought so far on Thursday. Look at paragraph 4
BOND REPORT: Treasurys Move Higher As Fed Buys Mortgage Bonds
Monday 01/05/2009 5:40 PM ET - Dow Jones News
Related Companies
Symbol Last %Chg
FNM 0.83 1.34%
FRE 0.84 2.44%
As of 3:39 PM ET 1/6/09
By Deborah Levine
Short-term Treasurys gained Monday, pushing yields down after the Federal Reserve said it had begun buying mortgage-backed securities.
Gains were limited and longer-term yields rose, however, due to concern about increasing government-debt issuance starting with $166 billion this week.
Two-year note yields (UST2YR) fell 8 basis points to 0.78%. A basis point is one one-hundredth of a percent.
Ten-year note yields (UST10Y) rose 8 basis points to 2.48%. Thirty-year bond yields (UST30Y) jumped by the most since September, up 22 basis points to 3.03%.
The Fed's New York branch said Monday it has begun purchasing fixed-rate mortgage-backed securities guaranteed by Fannie Mae (FNM), Freddie Mac (FRE) and Ginnie Mae.
The purchases follow an announcement made in November that the Fed would buy up to $500 million in mortgage-backed debt from the major government-sponsored agencies to support the housing market.
The Fed will not release details on what it's purchased or how much until Thursday, and will then update those details weekly. The U.S. central bank also has purchased debt directly issued by the agencies in the last month.
Treasurys benefit when the Fed buys other kinds of debt because the purchases lower the duration of an investor's portfolio, said Andrew Brenner, co-head of structured products and emerging markets at MF Global.
Duration is a measure of the sensitivity of the price of a fixed-income asset to a change in interest rates, and is partially determined by maturity. An investor who wants to maintain their duration could buy long-term Treasurys to make up the difference.
More bonds coming
The Treasury Department will sell $30 billion in 3-year notes (UST3YR) on Wednesday, in line with expectations of Wrightson ICAP, a research firm specializing in government finance.
The Treasury began reissuing the maturity monthly in November after a long break, and is expected to continue "aggressively" increasing the amount offered, Wrightson said.
The government will also auction $16 billion in 10-year notes on Thursday, more than anticipated.
The sale will be a second reopening of the quarterly issue, meaning the security will carry the same yield and maturity as the notes issued in November.
The government usually reopens the 10-year note sale a month after the original offering. But this is the first time in some years that it's having a second reopening, making the size difficult to estimate, according to Wrightson. However, analysts there expected $12 billion to be offered.
On Tuesday, the government will sell $8 billion in inflation-protected securities. Another $112 billion in short-term bill auctions are also scheduled.
A report Monday showed construction spending declined by 0.6% in November, less than some economists had forecast.
Treasurys also maintain some appeal in expectation of a constant march of economic data that is expected to indicate the recession is far from over.
(END) Dow Jones Newswires
01-05-09 1740ET
Copyright (c) 2009 Dow Jones & Company, Inc.
That's the official tally...
they have already started buying
NEW YORK-(Dow Jones)- Mortgage bonds guaranteed by Fannie Mae (FNM), Freddie Mac (FRE) and Ginnie Mae gained further Tuesday, as the U.S. Federal Reserve continued to buy these securities in an effort to bring home mortgage rates down.
They have already started!!!
Mortgage Bonds Continue To Gain Ground On Fed Purchases
37 minutes ago - Dow Jones News
Related Companies
Symbol Last %Chg
FNM 0.85 3.66%
FRE 0.84 2.32%
As of 3:23 PM ET 1/6/09
By Anusha Shrivastava
Of DOW JONES NEWSWIRES
NEW YORK-(Dow Jones)- Mortgage bonds guaranteed by Fannie Mae (FNM), Freddie Mac (FRE) and Ginnie Mae gained further Tuesday, as the U.S. Federal Reserve continued to buy these securities in an effort to bring home mortgage rates down.
While the tally of the Fed's purchases won't be released until Thursday, market participants estimate the central bank will buy, on average, $3 billion to $4 billion a day to fulfill its pledge to snap up at least $500 billion over the next six months.
Average risk premiums on the outstanding mortgage bonds dropped nine basis points to 188 basis points from where they closed Monday, said Art Frank, mortgage rates strategist at Deutsche Bank.
This adds to the already significant tightening seen since the Fed in November announced it would buy both mortgage bonds and agency debt. Before then, risk premiums averaged around 280 basis points. Still, analysts say they will have to fall further to bring 30-year fixed mortgages rates to 4.5% - a goal policy makers are thought to be targeting.
Lower risk premiums on such bonds often translate into lower mortgage rates for homeowners. In fact, the 30-year fixed-rate mortgage rate has dropped sharply since the Fed first announced the program in late November. Such drops in risk premiums can be offset by rising long-term rates on Treasurys, as seen Monday and Tuesday, if the move to higher yields gathers momentum.
Deutsche Bank's Frank estimates, however, at minimum the Fed's purchases will help keep mortgage rates around 5% for borrowers with good credit. "The Fed is keeping mortgage rates lower than they would otherwise be," he said.
Mahesh Swaminathan, mortgage strategist at Credit Suisse, said he reckons that mortgage rates will reach 4.75% for 30-year fixed-rate mortgages that qualify for Fannie, Freddie and Ginnie guarantees "sooner rather than later."
That's because the Fed came out swinging early in January rather than easing into the program with more scattered purchases, he said.
Market participants also point out the Fed has bought issues across the board, avoiding any dislocations in the market.
"The bottom line is that the market needed evidence that the Fed is here for real and they will stay the course and they've demonstrated that they will," Swaminathan said.
-By Anusha Shrivastava, Dow Jones Newswires; 201-938-2371; anusha.shrivastava@dowjones.com
(END) Dow Jones Newswires
01-06-09 1446ET
Copyright (c) 2009 Dow Jones & Company, Inc.
It needs to so my prediction can true for the EOD...LOL
I didn't see the second one you were talking about. I just saw one large buy. See below.
17:12 $ .73 401,692
I did see two others... One for 39K and one for 41K
That was the large buy I was talking about...
Also AH is making a come back.. back to 73.. Large trade
http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?selected=FRE&mkttype=after&symbol=FNM&symbol=MSFT&symbol=FRE&symbol=ABK
The last two short weeks (Friday after Thanksgiving and last Friday) we have seen a short rally. It's just my opinion but it has come true for both of those Fridays.
I'm thinking we should see a nice Pop from now till EOD Friday. Another short week.. another small bounce..
Looks like it's gonna be a great start to the week.
I agree that we might hit $1.50 in the next week..but I still think we about a month away to keep this above $1.00.. I sure hope you are right. I would love to see this @ $2.00 now. I just think it's a bit pre-mature...but I am routing for your thoughts versus mine. Either way if we are all patient... we should be reaping the rewards within the next 6 months.. I'll take it!!! GLTA
Saturday morning thoughts of the day... This stock is doing exactly what I thought it would do during these short two weeks as I stated two weeks ago.. next week should continue the rally into late Tuesday or so then will probably start the slow down swing again... Long term i think the SEC could put in two fixes on top of the Government already buying back the debt.. 1st... Put th Up tick rule back in...2nd get rid of Mark to Market.. If they just did these two things alone this would take off.. They wouldn't have to wory about the R/S as this would stay well above the needed $1.00 for 30 days so they wouldn't have to worry about de-listing. As they continue to purchase the debt..mortgage rates continue to fall thus making mortgages easier to get and this alone will start putting a bottom floor on housing prices. I figure around June 09 we will start to make a full recovery.. Just random Sat morning thoughts... Hope evryone has a great day !!!
If we close above.70... We are rollin next week
On a serious note....It is nice to see FRE holding at .70 though..Hopefully it will last through EOD
lol There talking everything from Fed buying back FRE at before taking over price to getting in now cause Feds driving mortgage rates down ALL OVER THEWS....LOL
Very nice... Check out the Yahoo message board for FRE... There all over the map...lol
It seems like we are at least holding the line at .70....If we can get another push by the end of the day and hold... We should be set up nicely for next week....
2nd push on the way....
Just hold in the .70s by end of day....
I don't think its gonna happen
If we get outa here today in the .70s we should be in good shape for next week.