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FMCC is up 436% YTD.
FNMA is up 484% YTD.
Breakeven is a win. Today those holding PUTs lost a day of trading. They have to cover in a couple weeks. The PUT Share option on FMCC expires worthless if out of the money. We have something they dont, time. Time dont matter to FMCC holders. Today was a win.
FNMA ranked #2 on the Ihub boards. Last night it was #3. Retail or not, some may trade this stock. However, a % will hold it long term. That is eating up the share count. Chipping away at a scarcity driven run up. Supply and demand is what drives Price. Less shares available for sale, equals price increase.
Boys, we are riding the coat tails of a Macro event manna. Headline for Friday will be "Debt ceiling raised to avoid default". The entire market is due a coarse correction. FMCC will benefit from that.
Yes, we are going higher Friday. IMO. Retest todays highs.
Would you agree that FMCC ran in May? If so, continue reading.
Notice twice in the run from .30 to 5.00 dollars two pullbacks. They lasted one day. Just like today. Then magically the next day volume continues and the run continues to five bucks. No amount of "nothing has changed" or the "president wants to end the GSEs" will stop a full on volume run. Your fighting the Stock Gods. They do not subscribe to background noise.
Macro developments in Congress allowing a debt ceiling increase may juice us to the next resistance point. News just broke.
http://www.cnn.com/2013/10/03/politics/government-shutdown-main/index.html
I went back and looked at the run in May. It had two pull backs as it was going parabolic. I dont consider a 2-3% pullback a game changer. Lets face it, it has ran to the upside since 1 buck.
Yelp, Anyone ever heard of them?
Im saying we are in a downtrend til 60 bucks PPS. No reason to get excited until we hit 60 USD per share. That could happen any day.
I respect your opinion. However, Its Math. You can not disregard a statistical fact. What you are asking me and others to do is to disregard the fact that over a time period FMCC has advanced pasted a significant point (50DMA) used by many investors. Your method of PPS ups and downs are currently in the red. See below.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92513980
Guys, lets put this into prospective. If a large hedge fund or mutual fund wanted to buy into FMCC, they would not care if the share price was 1.50 or 3.50 if the decision had been made to execute. Currently, we have a small % of institutional investors. The Share count is low, so when they do "get in" it will not be a gradual rise in the PPS. It will be biblical. Warren could have taken 2% of his Goldman Sachs profits and purchased the entire float. Today. However, He could not have purchased my shares. They are not for sale. That is the prime driver of a PPS rise. Get some popcorn, enjoy the show.
Good day for FMCC longs. Chart is setting up nicely. Reminds me of the run earlier this year. Wishing now I would have moved more in it.
Actually the middle bollie band is the 20MA. The upper is the 90 pctile and the lower is the lower 90 pctile. The stock 90% of the time trades within those bands. When its outside, its breaking out or getting ready to correct. Give the fact we crossed the 50 DMA, my guess is a nice breakout. Should it correct, it would average down around the middle band for resistance.
Ill give it a shot...Cracking my knuckles.
1. You have a company that has profits that rival one of the largest companies in the World. You can include all other planets known to man.
2. My company has almost paid back every cent borrowed under the original agreement with the FHFA. So Net Zero is in play this quarter.
3. Only 1.2 billion shares which makes it difficult to manipulate from a institutional short position.
4. It trades on the OTC which is still the wild, wild, west.
5. People like you are asking "why"? Leads to why not join the run.
6. Naysayers have gotten quiet. Bosses told them they have covered, and called off the dogs.
7. Feds are disfunctional and any new laws are completely out of the question for the foreseeable future.
I could go on. But I think this covers most of the broad strokes. Oh, one more, Supply is less than demand. Econ 101.
A easy way to find out if a company has any real assets is to call the register of deeds and see if they own the property they have their home office in. When chasing the assets, all you have to do is be willing to dig through public records. Follow the money, see if they are willing to part with capital to make an investment in themselves or are they leaving the option open to pull up stakes and run? Curious what the verdict is.
Can anyone provide any evidence that this company has ever showed a profit?
Moon Blitz. You called it...Congrats on the run up.
FNMA was a BULLGOD today...Congrats to the longs.
demand is higher than supply.
Downtrend continues. Its not a correction until 60 bucks.
Anyone notice how few was taking profits today. That made shares get valuable quick.
FNMA made the Ihub top ten list. Does any of those top ten stocks have a billion in profits? Nope. Does any have a billion in Revenue? Nope. Does any have a billion in potential market capitalization...? Does Fannie...Yes, Yes, and Yes.
Seems like alot of Bank settlements coming in. Almost like they are on a time frame. Suspicious. Not really, its the gameplan.
Set a stop..let her roll, make some $.
Roger that team leader. Thats a good heads up. I suspected the same.
stops in place...no luck needed. That run up was pretty quick. I usually dont post trades. However, every stock I own is for sale, for the right price. Im sure you in the same boat. :)
I bought at .35 sold mostly around 3.50. Bought back at 1.18. So, I flipped it. Alot. Im long now. Done trading it. Made enough on the flips to have a fairly large position. Its house money, so I dont care if it goes belly up.
Do you realize how boring it would be if everyone of us was long? We need MH to keep it fun. Otherwise, I would move on to some other site that had a MH. I plan on flying her to Vegas and buying her a drink. Enjoy the ride. Dont be the frog on the launch pad.
Gonna take more than 8 cent to get me excited. Alot more.
Should make a name change to Wostly Mrong.
The smoking gun is the papers performance over the past five years. Having emails to back that up is icing on the cake. Put in prospective, 11 billion settlement is 9 bucks a share outstanding. Just on one little settlement.
This downtrend could continue to 60 bucks. God, the humanity.
In terms of Shares outstanding that would be worth 9.16 bucks a share alone on one settlement.
JP settled for .7 billion with FMCC. Estimates for FNMA was around 11 billion. I guess that will be added to the pile at some point.
Did you find it strange that FNMA moved up when the market clearly sold off? Hard to sell downtrend when no one is buying?