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Care to provide justification for your bearish thesis?
I'm long FNMA, but I think we'll be more around 3.50 end of day. However, I think that this will be a good week. Ben Carson's selection is good news, and I don't think that's resonated in the market yet.
Yes, MMs can influence markets. I think they might have been trying to get that gap to fill so they could buy in lower. It's filled now, and I think that we've got strong support in the low 3s because of that.
You're a total FNMA hater. Honestly. I remember when you were calling for a recount of an election in which Trump won honestly and your candidate was trounced. Give it a break, Trump is happening and you can't stop the train!
I emailed OReilly too! Hopefully F&F come up!
LOL :)
Yeah, seriously. I said the other day. Longs' upside is huge, shorts' downside is huge. Wrong stock to short.
Yes! The gap is filled and we're ready for launch!!!
Why would we gap down? This is a day of good news (Ben Carson) and this stock is driven by good news. It's going up IMO. It's been nothing but good news for this stock. First Trump election, then Mnuchin, and now Carson. Now we just wait for more specific statements from Trump admin. on how F&F will be dealt with. That will be the big impetus that will send this thing to the sky.
Shorts are taking a huge risk. Any day, news could come and this thing would skyrocket, costing short sellers dearly. You can certainly wait for a lower entrance point around 3.10 but don't expect it to go much lower than that. They'd better be careful, because when FNMA goes, it will fly up like a bat out of hell...
BEWARE!!! This stock is being pumped. I follow newsletters that get paid to pump stocks, and this one is being pumped by "Penny Picks"
I like this :)
Care to explain that? I understand theories of a 3.10 fill, but 1.97???
Absolutely. What about all the retirees who had been holding F&F in their IRAs for years? I don't think that is a small group...
I agree. I know that gaps usually get filled, but I just can't see how this goes back down to what it was before Mnuchin announcement. Mnuchin is the first tangible positive news for F&F investors.
I sold a few days ago just under $25.00. Looking to re-enter around the $22.00 mark. That seems to be more or less the bottom. Definitely like this company. Their food is good, evolving, and reasonably priced. They're expanding quickly too. Just want to see them turn some profits
Perdue: an interesting connection?
[url]www.washingtontimes.com/news/2016/dec/2/donald-trump-talks-100-day-plan-david-perdue-senat/[/perdue meets with trump]
gselinks.com/pdf/GSESenateHouseLetter.pdf[tag]insert-text-here[/Perdue meets w activist investors]
https://www.facebook.com/FreeFannieMae/posts/1131404066878157" rel="nofollow" target="_blank" >https://www.facebook.com/FreeFannieMae/posts/1131404066878157[tag]insert-text-here[/Facebook post by Meyer]
Anyone see anything here?
Totally agree. Well below average growth and very weak labor market, w/ wages falling in many areas for the past seven years. I think we could easily see a reversal of this trend with above average growth. GS analysts see it that way too, thinking that we'll see big growth in most industries (maybe not green energy) in the next few years
Is this really a dead cat? I don't see it that way. All I've seen is positive news and an uptrend spurred on by these developments. Of course people are taking profits and now there's a mini-panic, but if price sustained above 3.00 before Mnuchin announcement, no way it goes below that now, especially depending on what we see next week.
I'm interested to know how you know that he's selling
Really? I had no idea. Where did you see that?
Don't forget, Icahn bought Fannie Mae COMMONS at $4.03
I think 80 is a good number to wait for. But watch for INTC (and maybe AMD). No way they're sitting on the sidelines when AI really takes off.
The big rally started in '12 with Obama re-election. With Trump, there's no fear of attacks on 2nd ammt. to drive gun demand. I think this is a good stock to watch long term. Democrats will eventually come back into power (sooner if Trump is ineffective, later if he does a good job) and the gun buying craze will reignite.
I agree about the emotion. Things don't look great for alternative energy now. Tesla's tax credits are running out. The model 3 will almost certainly cost more than expected. Q4 results will probably be underwhelming. Solid company, great ideas, but IMO headed down in the short term.
I love this company but I'm waiting for $100. Anyone else looking for an entrance opportunity around there?
Why is Hensarling so bad for FnF? Pardon my ignorance, but I don't see how he's really that bad for them, especially in context of Trump.
From 2010:
"My bill would end the conservatorship for both GSEs within two years and, if they are financially viable, allow them to resume operations for a transition period of three years. It would also permanently repeal the GSEs’ misguided affordable housing goals mandate, which pushed the GSEs to purchase poorly underwritten loans for which taxpayers are now footing the bill.
During the transition period, the GSEs would face phased-in new limitations, including smaller portfolio holdings, increased minimum capital requirements, minimum loan down payment requirements, and tighter limits on the size of mortgages that can be securitized.
At the end of the transition, the GSEs’ government-granted charters would expire, and they would be required to operate on a level playing field with their private sector competitors without government subsidies."