I’m a technical trader and you can look at my latest post on this. I just made a perfect swing trade off my last post and I would not take profits here now, even though its in overbought territory. This news is better than the deferred tax payment or lawsuit news that drove this to over 6 a few years ago. This could cause an explosion. Today was just a tremor.

Like always...now it drags til we bounce off one of the MA’s.

So this expert rebuttal was based off what analysis again?

CDEL has been the driving MM here for years btw.

Oh it filled and then some! Good buyback opportunity now. RSI cooling off.

Back in now. Got averaged in around 1.45. Keeping an eye on RSI tomorrow and Friday for an exit. No gaps to fill yet but its got a lot of steam. Not sure how high RSI 90 will take it, but MFI topped 80 today. Looking for that 2.00 to be resistance that gives me a good sell and buyback opportunity. If we gap at the open which I fully expect with a close HOD, it should selloff. On the psychological side, which you can see from the techs, is the euphoria of the other posters on here. This is telling. My strategy changes by the minute, but tonight this is my opening strategy.

Yeah, I had to pull over to see what was going on and read the article. Its a total hackjob short swipe. Looks like they're getting people's shares with it though.

This isnt even news. Somebody's opinion on SA to scare for a short attack.

Well there ya go folks. Constitution is merely toilet paper for the rich and powerful. Sad day here for America when the Supreme Court is corrupted enough by the powers that pull the strings, to refuse to hear what is a blatant trampling of one's rights.

What ever happened with the Fairholme case?

Ascending triangle breakout on higher volume. Looking good for the next trading range!

Yep, exactly.

His argument about letting Fannie and Freddie use the taxpayer backed capital was "baseless", since the whole talk of reform has to do with making sure that "taxpayers" dont carry the burden of backing the entities. Watt is stating that he is doing his job by allowing the entities to retain capital and not rely on the backing of the Treasury, although he was obviously nervous and did not state so very eloquently. Corker was obviously irritated because he sees he is losing control for his masters. I bet he went to the restroom and punched the stall and cried.

No he was not at the head of the FHFA when the NWS was enacted.

It should have been known for years by members of this board. He has the authority to stop the payments and release.

"By passing this amendment, we can continue to lie and deceive the public effectively, and maintain the anonimity of those scum politicians involved, that engineered a financial crisis to nationalize one of the most profitable companies in the world."

Ladies and gentlemen, we present you with the scum who are your elected officials, who feel they have the right to deny you inquiry into how they represent you.

He has the authority to stop the NWS and release them from conservatorship. Its pathetic that he has to ask Treasury as if Treasury is big daddy when Treasury is not supposed to have any authority over the twins. That whole double dealing conflict of interest thing that our "courts" turn a blind eye to.

I'm thinking these chuckle heads are looking at how easily the Odumba administration has gotten away with this theft and is looking to rape F&F the same way to back door pay for all their bs the same way it was used for the ACA. Its pretty obvious that if they were to exercise their bogus senior preferreds after release and recap, it would pay off incrementally more than stealing every bit of their earnings every quarter. But again, maybe that is why its coming down to the wire..they want every single penny that they can steal. What a bunch of greedy maroons!

Reminds me of those Fed minutes days betting on triple leveraged gold ETF's. Huge swings..looks like we will have a hammer candle today.

Doesnt seem to be any reason why its a falling knife right now..

"No longer recommending" seems like a typo as its contradictory to the positive tone of the article.

What I find completely obscene about this whole situation is that the Treasury publicly asserts its control over the GSE's as if they have entire authority over them. Lawfully, only the FHFA controls them...(which is a lie), so its obvious they have failed in there duties to preserve and return to health by allowing such control. It just amazes me that this is all out in the open and yet nothing is done about it! You cannot ask for a better example of corrupt government.

Undermine what reform exactly? They are doIng jack-s**t except stealing.

Fyi, we are a republic, not a democracy. And yes, not maligned with CEO, bumbling previous or existing POTUS or Congress, or bank bought Senators or judges. I do agree with the ruling in the fact that buyers after the profit sweep cannot sue, but I do believe the profit sweep is in violation of the 5th amendment and the FHFA and Treasury's collusion is a conflict of interest and illegal, and should be reversed and distributed to the companies accordingly after the previous dividend agreement is back in place. Post sweep investors should probably not see restitution, but would profit from the appreciation in common stock price with the immediate capital infusion.

Ruling is total BS though. Proof that there are no real property rights in this Banana Republic and greedy corporate America has infiltrated the lawyers that run our government to the point that they will interpret the laws however they see fit for the benefit of themselves. America is a really sad story these days. There are no checks and balances anymore for the branches, unless you are Trump and opposing the entrenched establishment. We can only hope that Mnuchin and Co. will clean the coop here. I am pretty sure we have no chance in court. Sad day, but I am sure the value of the shares will jump at some point. Government is greedy and has a huge stake. I cant count on righteousness in the justice system, but I do count on greed from politicians.

Bahaha! Wow what a nice buy opp today! Picked a bunch up at 2.79. Crazy trading...I had to market order to get them, and it took 5 minutes to fill, lol. FNMA looking good!

Lmao! Yeah, I need to settle down, lol.

Bwahaha! Why, becuase its retracing 3%?

Gotcha, terminology mixup.

Voted out? You must be misinformed. He has been passed through to the Senate.

Actually the low volume is indicative of the ascending triangle formation coming to a point of inflection before a breakout or...breakdown. This is going to break out.

Ascending triangle breaking out. Been in formation for weeks now. Yes!

Ascending triangle....gonna break out soon.

What was that again please?

Gap...3.98-4.02.

Oh gotcha! Yes, technical analysis my friend! Shut out the noise, be methodical. Hopefully you made a good trade on it!

Huh? Lol, dont understand that one.

Yep...Fib retracement and gap fill. Triangle continues.

Daily chart.....and oh yeah...it filled btw.