Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Different perspective.
Thanks to Obit for providing link.
Block size traded 3/25 over 10,000 shares or more.
T143000 = 9:30 am EST.
20140325T143006 3.48 14060
20140325T143007 3.48 18732
20140325T143022 3.49 10000
20140325T143109 3.47 15000
20140325T143112 3.48 13800
20140325T143113 3.47 25000
20140325T143118 3.47 10000
20140325T143148 3.45 15000
20140325T143203 3.47 10000
20140325T143212 3.47 15600
20140325T143250 3.45 13300
20140325T143259 3.4823 54418
20140325T143302 3.45 26936
20140325T143314 3.45 10000
20140325T143356 3.45 17100
20140325T143406 3.45 25000
20140325T143608 3.46 25000
20140325T143627 3.47 25700
20140325T143638 3.5 40000
20140325T143805 3.48 19000
20140325T143821 3.49 25110
20140325T143821 3.482 49200
20140325T144059 3.48 12000
20140325T144104 3.49 10000
20140325T144107 3.49 10000
20140325T144116 3.5 10000
20140325T144130 3.5 31200
20140325T144228 3.49 20200
20140325T144241 3.48 10000
20140325T144319 3.47 20000
20140325T144344 3.47 46300
20140325T144414 3.46 33900
20140325T144431 3.46 14000
20140325T144457 3.46 15800
20140325T144500 3.46 35548
20140325T144504 3.46 30500
20140325T144509 3.485 81650
20140325T144539 3.45 14300
20140325T144543 3.45 15035
20140325T144554 3.45 15200
20140325T144555 3.45 20000
20140325T144559 3.45 21000
20140325T144600 3.45 65269
20140325T144603 3.45 10150
20140325T144622 3.44 11000
20140325T144628 3.47 55400
20140325T144635 3.43 40958
20140325T144643 3.458 52100
20140325T144730 3.44 25000
20140325T144736 3.435 50000
20140325T144804 3.43 13475
20140325T144813 3.43 29900
20140325T144851 3.442 25000
20140325T145002 3.46 10000
20140325T145024 3.46 10000
20140325T145159 3.47 60000
20140325T145221 3.46 10000
20140325T145302 3.46 10000
20140325T145310 3.46 10000
20140325T145311 3.46 10000
20140325T145352 3.45 25000
20140325T145358 3.46 10000
20140325T145456 3.47 10000
20140325T145506 3.465 25000
20140325T145509 3.48 12700
20140325T145610 3.48 10000
20140325T145702 3.48 10150
20140325T145919 3.48 20000
20140325T145931 3.48 10000
20140325T145950 3.48 11402
20140325T145955 3.47 50000
20140325T145959 3.49 10000
20140325T150004 3.49 40000
20140325T150005 3.49 50000
20140325T150007 3.49 23255
20140325T150013 3.49 10000
20140325T150053 3.5 14050
20140325T150110 3.497 32550
20140325T150120 3.5 10000
20140325T150344 3.48 10000
20140325T150416 3.47 10000
20140325T150431 3.47 10000
20140325T150452 3.47 10600
20140325T150510 3.4912 72900
20140325T150517 3.47 25000
20140325T150605 3.47 19800
20140325T150629 3.48 10000
20140325T150646 3.48 20800
20140325T150703 3.49 38325
20140325T150708 3.49 10000
20140325T150735 3.48 25000
20140325T150739 3.49 30000
20140325T150743 3.48 50000
20140325T151027 3.49 25000
20140325T151128 3.48 10000
20140325T151234 3.49 10000
20140325T151254 3.49 11788
20140325T151258 3.49 24300
20140325T151259 3.49 24300
20140325T151305 3.49 10200
20140325T151312 3.49 10000
20140325T151324 3.485 50000
20140325T151345 3.49 50000
20140325T151526 3.49 10000
20140325T151644 3.48 10000
20140325T151703 3.48 22000
20140325T151744 3.48 12000
20140325T151850 3.48 13770
20140325T151941 3.5 20000
20140325T151945 3.5 16200
20140325T152007 3.5 135215
20140325T152008 3.5 20000
20140325T152012 3.5 18705
20140325T152031 3.5 15000
20140325T152102 3.51 14125
20140325T152103 3.51 14100
20140325T152142 3.5 10500
20140325T152319 3.5 10400
20140325T152630 3.49 35800
20140325T152639 3.49 25000
20140325T152709 3.5 34400
20140325T153227 3.49 10000
20140325T153244 3.49 40000
20140325T153319 3.5 53900
20140325T153339 3.48 18400
20140325T153431 3.48 14200
20140325T153434 3.48 27208
20140325T153439 3.48 50000
20140325T153519 3.495 55100
20140325T153841 3.47 11400
20140325T154255 3.47 71145
20140325T154308 3.48 54800
20140325T154337 3.47 10000
20140325T154844 3.46 10000
20140325T154847 3.46 35000
20140325T154849 3.47 10000
20140325T154908 3.45 10000
20140325T154910 3.46 50000
20140325T154938 3.46 18400
20140325T155058 3.47 17500
20140325T155121 3.47 10000
20140325T155134 3.462 50000
20140325T155139 3.47 10000
20140325T155210 3.481 118400
20140325T155259 3.465 20000
20140325T155539 3.48 14000
20140325T160116 3.47 10000
20140325T160118 3.47 15000
20140325T160834 3.48 10000
20140325T160838 3.48 14400
20140325T160840 3.48 14400
20140325T160903 3.48 10000
20140325T160931 3.48 25018
20140325T160958 3.49 100042
20140325T161645 3.47 40100
20140325T161809 3.46 25000
20140325T161855 3.45 69238
20140325T162051 3.455 18450
20140325T162205 3.46 12100
20140325T162405 3.47 10000
20140325T163652 3.46 10000
20140325T163707 3.46 23268
20140325T163717 3.46 48300
20140325T163733 3.47 49100
20140325T163736 3.46 13580
20140325T163830 3.46 20000
20140325T163840 3.45 12145
20140325T163931 3.45 10000
20140325T164133 3.46 15000
20140325T164222 3.45 17192
20140325T164227 3.45 10000
20140325T164230 3.45 34833
20140325T164232 3.45 30609
20140325T164327 3.44 16000
20140325T164332 3.44 15000
20140325T164337 3.44 12820
20140325T164340 3.44 20768
20140325T164341 3.44 20000
20140325T164400 3.44 20000
20140325T164436 3.4627 73200
20140325T164557 3.44 50000
20140325T164652 3.43 10900
20140325T164724 3.44 14000
20140325T164822 3.44 10000
20140325T164854 3.44 11800
20140325T164858 3.44 18542
20140325T165144 3.44 16000
20140325T165738 3.44 10000
20140325T165822 3.44 15500
20140325T165826 3.44 34500
20140325T170149 3.43 10947
20140325T170246 3.43 11000
20140325T170255 3.44 17500
20140325T170301 3.44 26000
20140325T170328 3.44 24325
20140325T170334 3.44 51950
20140325T170345 3.45 102000
20140325T170412 3.44 20260
20140325T170805 3.44 20000
20140325T170829 3.45 10000
20140325T171221 3.45 20000
20140325T171239 3.45 33998
20140325T171458 3.44 10000
20140325T171500 3.45 10300
20140325T171509 3.45 10000
20140325T171531 3.44 60000
20140325T171638 3.44 49900
20140325T171823 3.45 77005
20140325T171834 3.44 50000
20140325T171839 3.45 10192
20140325T171852 3.45 41200
20140325T171853 3.45 40000
20140325T171902 3.45 10000
20140325T172002 3.45 10000
20140325T172026 3.45 24100
20140325T172059 3.46 50000
20140325T172112 3.45 28986
20140325T172118 3.46 15000
20140325T172126 3.46 20000
20140325T172448 3.45 92244
20140325T172511 3.46 64100
20140325T172515 3.45 20000
20140325T172600 3.44 10000
20140325T172623 3.46 30000
20140325T172714 3.44 51000
20140325T172722 3.43 50000
20140325T172729 3.43 10200
20140325T172731 3.43 10090
20140325T172737 3.43 21527
20140325T172739 3.446 59800
20140325T172743 3.43 10000
20140325T173611 3.432 40000
20140325T173623 3.44 25000
20140325T173709 3.4479 37802
20140325T173853 3.43 20000
20140325T173859 3.43 18400
20140325T174108 3.44 16000
20140325T174215 3.44 10000
20140325T180701 3.43 10000
20140325T180707 3.43 22680
20140325T180744 3.43 16920
20140325T180953 3.44 50000
20140325T181733 3.44 10000
20140325T181935 3.43 22500
20140325T182905 3.435 10000
20140325T183047 3.43 30000
20140325T183115 3.43 18200
20140325T183118 3.43 17100
20140325T183123 3.43 35320
20140325T183139 3.43 59800
20140325T183224 3.43 10000
20140325T183225 3.43 18200
20140325T183247 3.43 10740
20140325T183318 3.42 41330
20140325T183335 3.42 25000
20140325T183626 3.42 10000
20140325T183629 3.42 25000
20140325T183720 3.42 10400
20140325T183723 3.41 38115
20140325T183817 3.41 10000
20140325T183827 3.41 25000
20140325T183901 3.41 12000
20140325T184034 3.41 10400
20140325T184037 3.41 34700
20140325T184040 3.41 25000
20140325T184116 3.4 33200
20140325T184120 3.4 20677
20140325T184126 3.4 17498
20140325T184129 3.4 25000
20140325T184130 3.4 15700
20140325T184131 3.4 86244
20140325T184142 3.4 13878
20140325T184144 3.4 63500
20140325T184145 3.4 30058
20140325T184201 3.39 12900
20140325T184202 3.4 10000
20140325T184205 3.39 11100
20140325T184208 3.38 12100
20140325T184218 3.39 10000
20140325T184241 3.39 14600
20140325T184310 3.39 12000
20140325T184310 3.4 37100
20140325T184320 3.4 51608
20140325T184330 3.39 39500
20140325T184407 3.39 23421
20140325T184411 3.39 30000
20140325T184419 3.38 57200
20140325T184424 3.4 10000
20140325T184425 3.38 10000
20140325T184429 3.38 20200
20140325T184430 3.38 11000
20140325T184435 3.38 10000
20140325T184441 3.38 10200
20140325T184503 3.38 19500
20140325T184553 3.4 20250
20140325T184603 3.4 21525
20140325T184606 3.4 14500
20140325T184616 3.39 15000
20140325T184626 3.4 25100
20140325T184636 3.41 20000
20140325T184646 3.42 24441
20140325T184701 3.405 45000
20140325T184710 3.42 10000
20140325T184822 3.4 69348
20140325T184842 3.4 10100
20140325T185124 3.41 10000
20140325T185126 3.4 10540
20140325T185345 3.41 25000
20140325T185450 3.41 11250
20140325T185501 3.41 10950
20140325T185513 3.42 47600
20140325T185518 3.41 20000
20140325T185531 3.41 10000
20140325T185551 3.41 13000
20140325T190012 3.4 32158
20140325T190016 3.4 10000
20140325T190020 3.4 25200
20140325T190024 3.4 17800
20140325T190049 3.4 10000
20140325T190106 3.4 10000
20140325T190202 3.4 10000
20140325T190350 3.4 19200
20140325T190707 3.42 10000
20140325T190828 3.41 11400
20140325T190859 3.41 49266
20140325T191029 3.4 19600
20140325T191312 3.4 33993
20140325T191318 3.4 40210
20140325T191330 3.4 50000
20140325T191650 3.4 18600
20140325T191924 3.41 10500
20140325T192127 3.4 10000
20140325T192242 3.41 25000
20140325T192326 3.41 15000
20140325T192339 3.42 66500
20140325T192450 3.41 103100
20140325T192515 3.4 19000
20140325T192528 3.4 38300
20140325T192619 3.4 10100
20140325T192625 3.41 93000
20140325T192721 3.4 32800
20140325T192829 3.4 10800
20140325T192931 3.4 25000
20140325T193042 3.4 20000
20140325T193054 3.4 16213
20140325T193132 3.4 10787
20140325T193705 3.41 10000
20140325T193735 3.41 16250
20140325T193847 3.41 18100
20140325T193930 3.401 50000
20140325T194232 3.4 91499
20140325T194302 3.4 25000
20140325T194311 3.41 20000
20140325T194351 3.41 17603
20140325T194356 3.41 14500
20140325T194542 3.41 26500
20140325T194607 3.41 16800
20140325T194708 3.41 10000
20140325T194720 3.41 10000
20140325T194737 3.4 45000
20140325T194741 3.41 10000
20140325T194854 3.41 20000
20140325T194958 3.41 10000
20140325T195100 3.41 20500
20140325T195107 3.41 22486
20140325T195501 3.41 24130
20140325T195911 3.42 50000
20140325T195958 3.41 15455
20140325T200214 3.41 12238
20140325T200324 3.41 10100
20140325T200827 3.41 14900
20140325T200911 3.41 33528
20140325T201537 3.41 40500
20140325T201549 3.41 25000
20140325T202242 3.41 10000
20140325T202310 3.41 20000
20140325T202356 3.41 20000
20140325T202442 3.4 32730
20140325T202448 3.4 16300
20140325T202539 3.4 15833
20140325T202542 3.41 12000
20140325T202548 3.4 38300
20140325T202604 3.4 28700
20140325T202608 3.4 14900
20140325T202616 3.4 16629
20140325T202623 3.4 25100
20140325T202703 3.41 10900
20140325T202720 3.41 10000
20140325T202728 3.4 33496
20140325T202739 3.41 33496
20140325T203141 3.42 80352
20140325T203212 3.42 21470
20140325T203236 3.42 10000
20140325T203244 3.42 13000
20140325T203245 3.42 13000
20140325T203257 3.41 25000
20140325T203306 3.42 10000
20140325T203307 3.42 10000
20140325T203315 3.41 75000
20140325T203343 3.43 12852
20140325T203634 3.43 10000
20140325T203643 3.44 35550
20140325T203931 3.43 18444
20140325T204027 3.42 14900
20140325T204211 3.43 16328
20140325T204236 3.43 11700
20140325T204353 3.42 14900
20140325T204411 3.43 10000
20140325T204452 3.43 20000
20140325T204751 3.44 48301
20140325T204812 3.44 10000
20140325T204830 3.44 10000
20140325T204944 3.44 11300
20140325T204945 3.43 20557
20140325T204948 3.43 10343
20140325T205116 3.44 20000
20140325T205119 3.44 80000
20140325T205136 3.44 10100
20140325T205143 3.44 19600
20140325T205249 3.43 21429
20140325T205254 3.43 50000
20140325T205345 3.44 50000
20140325T205623 3.43 10000
20140325T205630 3.43 39900
20140325T205644 3.43 10000
20140325T205702 3.43 10000
20140325T205704 3.44 50000
20140325T205711 3.44 50000
20140325T205714 3.43 50000
20140325T205729 3.435 10000
20140325T205739 3.43 90300
20140325T205742 3.43 70000
20140325T205743 3.43 49100
20140325T205759 3.42 50000
20140325T205838 3.42 87100
20140325T205859 3.41 12500
20140325T205925 3.41 22100
20140325T205943 3.42 109400
20140325T205952 3.42 30000
20140325T205958 3.42 150000
http://www.netfonds.no/quotes/tradedump.php?paper=FNMA.O&csv_format=csv
Richard Bove is quick to pick apart the proposed FMIC, noting what he sees as more than a few enormous downsides
http://goo.gl/736u1e
Fannie Mae, Freddie Mac: FMIC Nationalizes Housing Finance Industry
by VW StaffMarch 20, 2014, 8:43 pm
Richard Bove is quick to pick apart the proposed FMIC, noting what he sees as more than a few enormous downsides
TwitterFacebookLinkedInGoogle+Email
Rafferty Capital Markets‘ Richard X. Bove chimes in once again on the continuing tug of war that has Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) pulled on from all sides by private investors and the US government, among other interested parties. Bove, having digested the proposed Johnson/Crapo bill, is incredulous that such a measure will come to pass, going into detail about what he sees as the fatal flaws in the bill.
Fannie Mae Freddie Mac FHFA Federal National Mortgage Assctn Fnni Me (FNMA)
Full Faith and Credit of the United States
I have now read the bulk of the Johnson/Crapo Bill. It appears to have a major contradiction and it is clearly outlining the nationalization of the bulk of the housing finance industry in the United States. Indications are that the political will to accomplish this result is very high. Thus, the risk still exists that the investments in Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) could be wiped out.
I find it difficult to believe that the Congress will pass a Bill that increases the cost of owning a house while at the same time increasing taxpayer risk. Time will tell but I am staying with the Buy ratings on Fannie Mae and Freddie Mac.
Fannie Mae, Freddie Mac: Taxpayer Protection
The short title of the Johnson Crapo Act includes the words ”Taxpayer Protection Act.” The many provisions of the Bill reference the need to protect taxpayers against upsets that can occur in the housing finance industry.
Yet, the Bill indicates that the debt of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) and the insurance placed by the newly created Federal Mortgage Insurance Corporation (FMIC) will be backed by the “Full Faith and Credit of the United States.” In effect, the Bill would have the United States government explicitly accept an obligation that it legally does not have at this moment.
It makes the taxpayer 100% accountable for any losses or financial problems that impact that portion of the housing finance markets associated with the new government program. How the taxpayer is being protected by accepting 100% of a liability that s/he has legally zero percent of now is confusing to me.
Based on current numbers the Federal debt could rise by $5 trillion if this Bill is passed. The debt ceiling that was the focus of a major political battle last year would have to be raised immediately to a level that no one could conceive of a year ago. Plus, if the new system created by this Bill is successful, as the FMIC grows in size so would the U.S. budgetary obligation. Based on all the reports I am receiving Republicans as well as Democrats think that this is a good idea.
Fannie Mae, Freddie Mac: Nationalization
Note the following:
The newly proposed Federal National Mortgage Insurance Corporation (which would replace Fannie Mae and Freddie Mac) would be a government agency with its governing Board selected by the President.
The Mortgage Insurance Fund that it creates would invest 100% of its reserves in government securities.
The FMIC would establish a number of Small Lender Mutuals. Their capitalization, fees, dividends, acquisitions and other activities would be controlled by a government agency (the FMIC). The initial board of the Mutuals will be put in place by a government agency.
The Securitization Platform’s initial directors will be nominated by a government agency. All of the rules that the Platform must conform to will be approved by a government agency. The product it buys and the suppliers of that product are determined by a government agency. The method under which it insures a portion of covered securities will be based on rules established by a government agency.
Repeating from above any losses accrued from this system above 10% will be absorbed by the taxpayer.
In sum, the government will create a nationally sponsored entity that will have the full faith and credit of the United States behind it, and that the government will totally control. This nationalized entity will compete in the housing finance market against private home finance companies that will not be backed by the government.
The American people will elect no person associated with the new agency (as was the case with Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)). The agency will increase the cost of a mortgage to homeowners by at least 50 to 75 basis points according to observers. The agency will be immune from any demands made by the President, Congress, and the American people because it will be funded by its constituents – those selected by the government. If this is what the Congress wants for this nation, so be it.
Yes TD.
I can't do the 100% but wish you the best of luck.
He commented about it being my larger position, about the drop and if I had a target. I said pfft $300...j/k. I didn't tell him that. I said I was just holding it long term and not trading it. He made it sound like a courtesy call but I've only talked to him once before about three years ago.
Has anyone else had their TDA account rep call out of the blue and comment on FNMA position? Mine asked but I kind of blew it off because of work. He also asked how everything else was going but I thought it was a little weird.
Thanks eom
Thanks eom
Someone is so full of crapo their eyes are brown... just saying.
Video Phillip Phillips - Home
I heard this morning and thought the title fit. Lyrics may fit for some people.
Video Remarkable People Making a Difference
Fannie Mae job openings
http://goo.gl/I2D5fj
Video Fannie Mae CEO Welcomes new employees
All In - Achieve remarkable things
Video Fannie Mae Progress refresher
Great post. Thanks.
Bove article.
Please copy and paste article. On phone here.
http://goo.gl/FfoTJp
Video: Ralph Nader says Fannie & Freddie proposal won't pass
http://video.cnbc.com/gallery/?play=1&video=3000255975
APPY Google finance is showing $2.98 in after hours. Doesn't it seem pretty bullish to announce cc the night before?
APPY Venaxis to Discuss Top-Line Results from Pivotal Study of APPY1 Test
http://finance.yahoo.com/news/venaxis-discuss-top-line-results-211500929.html
Conference Call and Webcast Tomorrow, March 13, 2014, 8:30am ET
PR Newswire Venaxis, Inc.
7 minutes ago
CASTLE ROCK, Colo., March 12, 2014 /PRNewswire/ -- Venaxis, Inc. (Nasdaq: APPY), an in vitro diagnostic company focused on obtaining FDA clearance for and commercializing its CE Marked APPY1™ Test, a rapid, multiple biomarker-based assay for identifying patients that are at low risk for appendicitis, today announced it will host a conference call to discuss top-line results from its pivotal study of the APPY1 Test tomorrow, Thursday, March 13, 2014, at 8:30 a.m. ET. The conference call will be hosted by Steve Lundy, Chief Executive Officer.
Interested participants and investors may access the conference call by dialing 1-877-870-4263 (U.S.), 1-855-669-9657 (Canada) or 1-412-317-0790 (international). A live audio webcast will be accessible via the Investor Relations section of the Venaxis web site, ir.venaxis.com.
A telephonic replay of the call will be available for 90 days beginning approximately one hour after the end of the conference call through June 13, 2014. Access numbers for this replay are 1-877-344-7529 (U.S./Canada) and 1-412-317-0088 (international); conference ID: 10042671. The webcast replay will remain available in the Investors Relations section of the Venaxis web site for 90 days.
About Venaxis, Inc.
Venaxis, Inc. is an in vitro diagnostic company focused on the clinical development and commercialization of its CE Marked APPY1 Test, the Company's rapid, protein biomarker-based assay for appendicitis. This unique appendicitis test has projected high sensitivity and negative predictive value and is being developed to aid in the identification of patients at low risk for acute appendicitis, allowing for more conservative patient management. The APPY1 Test is being developed initially for pediatric, adolescent and young adult patients with abdominal pain, as this population is at the highest risk for appendicitis and has the highest risk of long-term health effects associated with CT imaging. While FDA clearance is being sought, a commercial launch for the APPY1 Test is ongoing in select European countries. For more information, visit www.venaxis.com.
Forward-Looking Statements
This press release includes "forward-looking statements" of Venaxis, Inc. ("Venaxis") as defined by the Securities and Exchange Commission ("SEC"). All statements, other than statements of historical fact, included in this press release that address activities, events or developments that Venaxis believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors Venaxis believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Venaxis. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors, including our ability to successfully complete required product development and modifications in a timely and cost effective manner, complete clinical trial data analysis and related activities for the APPY1 Test required for FDA submission, obtain FDA clearance or approval, maintain CE Marking, cost effectively manufacture and generate revenues from the APPY1 Test at a profitable price point, execute agreements required to successfully advance the company's objectives, retain the management team to advance the products, overcome adverse changes in market conditions and the regulatory environment, obtain and enforce intellectual property rights, and realize value of intangible assets. Furthermore, Venaxis does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the risk factors contained in Venaxis' recent filings with the SEC, including its Form 10-Q for the quarter ended June 30, 2013.
Venaxis and APPY1 are trademarks of Venaxis, Inc.
For Investors and Media:
Tiberend Strategic Advisors, Inc.
Joshua Drumm, PhD
jdrumm@tiberend.com; (212) 375-2664
Awesome thanks Obit. eom
Going to refill popcorn. lol eom
Just my opinion but it seems we're getting enough news building to move pps sideways for a bit and then another leg up.
The weekly and rsi back around in March and May was up a little over 90 both times. Then again news trumps charts and imo the rsi hovering in the 70s isn't going to keep price down if major news comes out. GLTY and GLTA.
Awesome. eom
May have been referring to this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97993929
Weekly looks great. eom
Mr Blue Sky sounds good today.
U.S. Geothermal Provides Company Update
Marketwired U.S. Geothermal Inc.
January 13, 2014 8:00 AM
http://goo.gl/k9il2t
BOISE, IDAHO--(Marketwired - Jan 13, 2014) - U.S. Geothermal Inc. (GTH.TO)(NYSE MKT:HTM), a leading renewable energy company focused on the development, production and sale of electricity from geothermal energy, provides this update on the results of its three operating projects for the fourth quarter of 2013, and status of development activities.
OPERATIONS
Neal Hot Springs, Oregon
All three units have been and are operating smoothly, with fourth quarter availability of 94.7%. December generation averaged 27.7 net megawatts per hour for all hours the plant was in service. Total generation for the fourth quarter was 53,550 megawatt-hours, which is a result of excellent availability and low seasonal temperatures. This compares to 25,836 megawatt-hours for the third quarter, 30,015 for the second quarter, and 46,159 for the first quarter. Under the terms of our Power Purchase Agreement ("PPA"), November and December generation for 2013 was paid at a seasonally adjusted price of $118.80 per megawatt-hour, which is 120% of the 2013 average contract price, while October was paid at the average 2013 contract price of $99.00. For 2014, the average contract price will increase from $99.00 to $102.78 per megawatt-hour.
San Emidio, Nevada
The plant performance was exceptional, with fourth quarter availability of 98.3%. December generation averaged 9.96 net megawatts per hour for all hours the unit was in service. Total generation for the fourth quarter was 21,103 megawatt hours. This compares to 18,318 megawatt-hours for the third quarter, 18,039 for the second quarter, and 19,157 for the first quarter. Under the terms of our PPA, generation during the quarter was paid at the price of $90.27 per megawatt-hour. There is no seasonal adjustment under this power purchase agreement. For 2014, the contract price will increase from $90.27 to $91.17 per megawatt-hour.
Raft River, Idaho
The plant performance was exceptional, with fourth quarter availability of 99.2%. December generation averaged 10.2 net megawatts per hour for all hours the plant was in service. Total generation for the fourth quarter was 21,742 megawatt-hours, as a result of excellent availability and low seasonal temperatures. This compares to 18,688 megawatt-hours for the third quarter, 17,247 for the second quarter, and 19,670 for the first quarter. Under the terms of our PPA, November and December generation for 2013 was paid at a seasonally adjusted price of $71.36 per megawatt-hour, which is 120% of the 2013 average contract price, while October was paid at the 2013 average contract price of $59.47. For 2014, the average contract price will increase from $59.47 to $60.72 per megawatt-hour. In addition to the price paid for energy, Raft River currently receives $4.75 per megawatt-hour under a separate contract for the sale of Renewable Energy Credits.
"Our operating team has done an outstanding job this past quarter, particularly considering the unseasonably cold weather that each of our plants experienced during November and December. Our units are all performing with high availabilities, and with output that is at or above what we had expected," said Dennis Gilles, Chief Executive Officer of U.S. Geothermal. "As a result of this strong fourth quarter, we anticipate our year end to be well within the range of guidance provided earlier, and we look forward to excellent results for the coming year."
DEVELOPMENT
El Ceibillo, Guatemala
Evaluation and testing of well EC-1, which found a higher than anticipated resource temperature of 526°F (274°C), was completed. Based on the results of EC-1, a second round of drilling was planned, and on January 9th drilling began on a series of eight to ten 650 foot (200 meter) gradient wells that will be used to further map the underlying geothermal resource and assist with identifying future drilling targets. This second round drilling program is expected to continue over the next three to four months.
San Emidio, Nevada
We have also completed our evaluation and testing of wells OW-12 and OW-10, and we have applied for and are waiting on the issuance of drilling permits from the U.S. Bureau of Land Management (BLM) before drilling additional wells to further define the resource. Additionally, a detailed development schedule for the Phase II project was submitted to NV Energy, our power off-taker, and we are awaiting their approval.
About U.S. Geothermal Inc.:
U.S. Geothermal Inc. is a leading renewable energy company focused on the development, production and sale of electricity from geothermal energy and is operating geothermal power projects at Neal Hot Springs, Oregon, San Emidio, Nevada and Raft River, Idaho. The company is currently developing a second phase project at San Emidio Nevada, as well as El Ceibillo, an advanced stage, geothermal prospect located within a 24,710 acre (100sq km) energy rights concession area located 8.5 miles (14 km) from Guatemala City, the largest city in Central America.
The information provided in this news release may contain forward-looking statements within the definition of the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. These statements are based on U.S. Geothermal Inc.'s current expectations and beliefs and are subject to a number of risks and uncertainties that can cause actual results to differ materially from those described, including but not limited to, the results from the exploration, production and injection well drilling at El Ceibillo and San Emidio II. Readers are cautioned to review the risk factors identified by the company in its filings with Canadian and US securities agencies. Forward-looking statements are based on management's expectations, beliefs and opinions on the date the statements are made. U.S. Geothermal Inc. assumes no obligation to update forward-looking statements if management's expectations, beliefs, or opinions, or other factors, should change.
The NYSE MKT and the TSX do not accept responsibility for the adequacy of this release.
Contact:
U.S. Geothermal Inc.
Saf Dhillon
Investor Relations
866-687-7059
208-424-1030
saf@usgeothermal.com
www.usgeothermal.com
10K Earnings
http://goo.gl/0phVrr
CYTR Article
http://goo.gl/TjJKib
CytRx gets a vote of confidence
optionMONSTER By David Russell (david.russell@optionmonster.com)
February 7, 2014 9:34 AM
CytRx surged on promising cancer-drug data in December, and now traders are placing a vote of confidence in the name.
optionMONSTER's marker scanners detected the sale of 5,000 March 5 puts for $0.25. Volume was more than 7 times previous open interest, which indicates a new position was implemented.
The investor is now on the hook to buy shares for $5 if they're below that level on expiration six weeks from now. Above it, they'll keep the premium as profit. (See our Education section for more on how to make money selling puts .)
CYTR is up 1.66 percent to $6.75 in morning trading. It announced on Dec. 11 that a phase II trial showed its aldoxorubicin drug was twice as effective as traditional chemotherapy in the treatment of soft-tissue sarcoma. The stock more than tripled by late January but has been pulling back since.
Total option volume is almost 3 times greater than average so far today.
Wow. eom
Wow. eom
Probably a sign price is ready to move up. eom
Haha that's your opinion. eom
Fannie Mae And Freddie Mac Becoming Huge Cash Cows
by Clayton BrowneJanuary 3, 2014
http://goo.gl/96RR8A
The worm has clearly turned for Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC). Just five years ago both financial institutions were on the verge of bankruptcy and required a combined $187.5 billion dollar government bailout to keep them afloat. That has completely changed today, as both Fannie Mae and Freddie Mac are financially healthy and have become a source of substantial income for the government.
Fannie Mae FHFA
$40 to $50 billion in profits annually to the government
According to Guy Cecala, publisher of Inside Mortgage Finance Publications, Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) have become profit-producing cash cows for the government. “We’re a country that’s running huge deficits, and here are two government entities that are going to produce somewhere in the neighborhood of $40 billion to $50 billion a year for the government.”
A January 2nd article in the Los Angeles Times also mentions that Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) sent the U.S. Treasury a combined $39 billion this week just for their latest quarterly payment.
Private buyout offers
The improving circumstances of Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) has attracted the attention of private investors. Fairholme Capital Management, which already owns $3.5 billion in preferred stock in the two companies, offered to acquire the mortgage-insurance businesses of Fannie Mae and Freddie Mac in a recapitalization plan in November.
However, the Obama administration said they were not interested in a privatization plan and plan to shut down Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) and replace them with a scaled-down government system of mortgage guarantees.
Both houses of Congress are also working on bills to put Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) out of business, although the bills take antithetical approaches to replacing them.
Opposition to closing Fannie Mae and Freddie
The vast majority of residential real estate professionals think closing down Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) is a bad idea, and is likely to negatively impact the real estate market. Several other well-known figures in the real estate industry besides Mr. Cecala have recently commented on the possible shut down of Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie.
“The government doesn’t feel any rush to shut down” Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), said Stuart Gabriel, director of UCLA’s Ziman Center for Real Estate. “They are profitable today, and they do provide the vital function of providing liquidity to the marketplace.”
Almost 62% of the new mortgages that closed in the third quarter of 2013 were financed or funded by Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC).