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Nope. It's for damages.
The circumstances are wholly irrelevant and the statements aren't even related by principle but since you brought it up..,
When I said news was negative. You guys said it was positive...yet pps dropped.
So my point in my last post was that sometimes news is interpreted as positive here, but the market actually reacts in the opposite. I made no implication about today/tomorrow, as I adequately expressed in that post.
Take a break.
Agreed. Will certainly create some discussion. But let's hope this thing actually gets off the ground first. Also, and almost more importantly, shareholders should be considering the implications should it all get shot down.
This kind of touches on another point I've made before... Everyone should notice that news is commonly presented as a positive thing here, but isn't received as such market-wide. I'm not saying that today's will be an instance of this...but it certainly happens. Don't always get swept up in the hype.
Laughing at me for what? I never said anything about how this will open tomorrow.
My point is that fundamentally, the lawsuit changes nothing... If there is a boost in pps as a result of the lawsuit solely, I will consider the increase somewhat superficial and likely short term. It wouldn't change my overall opinion about the risks involved here, or whether or not I would consider this a strong long term choice. I do not at this point in time.
Also, everyone may realize this, but the lawsuit has nothing to do with current shareholders, or shareholders who purchased any time recently. I have seen some confusion about this.
The lawsuit is for damages. It will have no affect on when/if this is released. These boards will lead you to believe some ridiculous things if you're not careful. I'm laughing at the other board non stop tonight : )
Good stuff.
The other board already talking "FMCC FNMA to da moon" "$5" "$10" etc. Haha. Unbelievable.
The best thing I've hear yet is that the recent lawsuit is "going to end conservatorship!!"
crazy talk..
You'd love that wouldn't you? It could happen...
When you see me cheering, you know it'll be good.
But not yet.
So what'll the pps be tomorrow bucc? $30?
Which is why you what? None of this is new. No new information here other than re the lawsuit.
I don't think this is going to generate much of a move in pps, but I'll be there to play the little spurt of excitement if it's there.
Fact is, this sort of litigation takes years. You guys have been calling for this thing to get released as if it were no big deal...in the near future.
This isn't going to happen and that's not how it works - hence the lawsuit.
I like good news just as much as the next guy, but i still think the thing is a bit overpriced at this point. I'd have to see way more promising evidence that this could actually pan out before I go long term here.
Green tomorrow? What do you guys think?
Hmmmmmmm.........
This could be
Very good
For pps.
Luckily I'm not invested here...no need to worry!
This would scare the crap out of me if I was long.
Some very dark undertones with respect to the future of the common shareholders in this article. Be careful investors!
I promise you I do not hold any positions in either FMCC or FNMA. You'll argue up and down that this is a lie, which is fine, but I swear that is not the case.
Why would I take a risk like that? This could go up just as much as down. I know that.
OUCH. sorry guys!
I'd say we close in $1.60s by Weds :(
Looking like another ugly close.
The majority are holding long because they all purchased at prices the stock has yet to hit again.
Again, I have not advised ANYONE to do ANYTHING.
It's nice having a choice...instead of being forced to hold because your shares cost $3.00.
Just sayin...
Nice! That's the way to play this baby. Holding long is just way too risky at this point. Well done carn!
Wasn't this supposed to be at $10 by now?
Would love to see a green close! Would certainly mean big things for the kind of support we've it here.
TONS of selling here today. Not looking healthy guys :(
This tests support between $1.55 and 1.65 by Wednesday.
Yes I have warned many a time that I am a day/swing trader. My statements are only as valuable as they apply to your specific strategy.
Oh but a .10 gap up is celebrated like pure gold!
Major move to the downside... Just as I warned all weekend. Sorry guys :(
UPDATE: "Hedge funds backing out..."
An advisor from Schwab recently brought this up in a conversation:
When hedge funds buy a massive quantity of shares and HOLD them, it is impossible for pps to degrade methodically as you've seen in FNMA. I don't doubt that the funds, at one point, held x number of shares, but it is as evident as could be that they have since eliminated these positions. And furthermore, even if the funds bought under $1 solely, to posit that they would watch 500% profits come and go without selling is absurd. No hedge fund holds through the type of price action we have witnessed here recently. and let me ask you this...what do you think their (the hedge fund's) motive was in releasing the information regarding their holdings in the first place? It was to generate confidence in the retail community, thereby generating buyers for the shares they were ready to dump.
This is not worth the risk at this point. If you are doing anything but flipping, it would be wise to rethink your strategy with FNMA. Good luck everyone.
INVESTORS BEWARE--->
---See the links provided below for a few of the many publications that discuss the risks that make FMNA simply not worth it for many investors.----
The cold hard truth with Fannie and Freddie is that you could wake up one morning, look into your portfolio, and see zeros. This stock could literally be deemed worthless OVER NIGHT. No warning, no time to sell, NOTHING.
Please be careful with your hard earned money. There is no good excuse for accepting UNNECESSARY RISK, putting your livlihood on the line. These message boards are extremely unbalanced and could potentially lead you to making a bad decision.
If anyone has any questions, or is interested in chatting without the "noise," feel free to contact me via PM.
Best of luck to all.
--DISCLAIMER: I have no interest, fiancial or otherwise, in FMCC or FNMA. Some will claim I hold a short position, which is simply untrue; I trade in a retirement account that does not allow short selling. Please use your heads.--
"...the beneficiary should be the government, not the owners of the publicly traded shares, which by all rights should be worthless."
Source: http://articles.mcall.com/2013-06-07/opinion/mc-fannie-mae-paulson-weil-column-20130607_1_fannie-mae-fannie-and-freddie-freddie-mac
"A plan being considered in the Senate would liquidate Fannie/Freddie within five years and replace them with a government-backed reinsurance entity that would back-stop the industry but only after private investors suffer losses first."
I wouldn't touch it with a ten foot pole. One of the riskiest stocks to hold, hands down.
Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/06062013-secondary-marketing-frannie.aspx
"Personally, I wouldn’t bet on the shareholders of Fannie and Freddie getting their companies back anytime this decade. Although there may be long term value, nobody should count on it for grocery money anytime soon.
Source: http://www.vaildaily.com/news/6830670-113/colorswatch-colortext-nonestrokestyle-nothingtext
Indeed... Too risky!
Today could turn pretty ugly :(
But what do I know!
So is the going to fall today orrrr???
This stock could be rendered useless at the snap of a finger...,you do realize that right? That this is a GSE?
I'd love to see this skyrocket again as well. But I simply can't look past the huge risk at this point.
Just as real is the possibility that these shares could be worthless.
Chart looks rough for next week.
That's fine... PPS is going to speak FOR ME. Auto correct.