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MH made a post a few weeks ago that "No" hedge funds held through the 5 dollar run. I would go back and look for it, but my time is more valuable.
A couple more of those hedge fund purchases and there will be very little float to trade. Thats my wish for the future. Supply and demand on the outstanding float.
Thats a pretty big deal. Almost 10% of the float soaked up. They passed Fairhome up bigtime.
Options expired today. Shorts forced a cover. Notice that those that are usually negative are now done being negative. They covered and bought. Some now they own FNMA. They will most likely sell over the next couple days and short again. I just wanted eveyone to know what motivates those that constantly post negative posts. It will continue in a couple days. They know most do not know that options expire or the day that they expire. They use this to scalp you on your share price every month. Rinse and repeat. The problem is, its like playing chicken. If this gets news, they could loose everything. Those options expire worthless. I know a person that happened to. They brag until their number is called.
Gap up, green close.
If you take profits and divide by the outstanding...and add a pe..its pretty darn close.
Any excuse to raise a glass.
Folks, The third friday of every month something special occurs. Who knows what it is? Options expire. Today was short covering. Nothing to really hang our hats on, but I will take it. I noticed that FNMA has started running a trend. The stock PPS goes up around the 15th of the month and runs good until the shorts cover. Then it runs that same pattern. Anyone else noticed that? Im not flipping it, so I really dont care.
How would we unwind the Federal Government's role in Fannie and Freddie should a judge find they have violated law by illegally taking value from shareholders? Seems like something that would take some time to give back right? Weeks, months? or do you just pull the plug on FHFA and say get lost. Transition plans would need to be in place to start the process. Can the Government be sued for punitive damages on the shareholders behalf? Punitive damages are given often to discourage outrageous behavior from happening again. Maybe the unwinding is on the Government side rather than the GSE side.
Owner financing skews that number.
Its really about perspective. Every day you drive down the road. There are rules that apply. How fast you can go, signage you must obey, what lane you can drive in...etc. This Mortgage reform is no different. They have certain rules they must apply to the existing environment. Rarely, do you go in a straight line. You make course corrections during your route. Just because you run off the road, you dont send your car to the shredder. Lots of Realtor s, Jobs in the industry depending on these companies remaining. The real question is what is best for America? I think releasing the companies. Let me and a few of my fellow FNMA shareholders bare the responsibility if another crash occurs. The Government walks away with the risk of the taxpayer being on the hook gone and a nice profit to brag about to the voters come election time. As far as other investments, I have other investments. I have this stock in a Roth IRA that will mature tax free should this all come to fruition. Its all a risk/reward ratio. I will be one of two things. Rich or average at the end of this saga. Im ok with both. I really like the idea of making out like a bandit and not paying a dime in taxes. Thats Karma.
Couple of things GM was not put into conservatorship. It filed Bankruptcy. In order to be approved for bankruptcy, a judge must agree that it is impossible to pay your debts. FNMA is in a conservatorship. It is profitable and the Ceo said it would be for sometime. As far as the government being able to do what it pleases...They can inact new laws. They could pass a law today to take all of the GSEs and give nothing back to the shareholders that is true. It would require an amendment to the Constitution. That would require 75% vote in Congress. These constitutional changes only occur on rare events. That is by design. As it stands, I firmly believe that this will all be over with a bang of the gavel in a Federal Court room. Court Adjourned.
FNMA has lost day trading status as of today. We are in a new trend. Punch out, but good luck finding an entry. Dogs have a new target. Lets take out the next resistance and move forward.
Hedge funds...call off your dogs. Time to let FNMA run. Summers pulled out. Janet is a shoe in. The wind is to our back. Call off your dogs. Time to see what you bought run.
I would like to get a cease order from one of the judges on the FHFA profit sweeps. It is in their power to do so. FHFA can appeal the order. However, it would speed things up. Dragging this out further is increasing damages to shareholders. If the evidence is overwhelming, a bench ruling could occur pretty fast. I think its pretty clear cut. I think alot of people just accept what the Government does without reproach. FNMA was a financial Gitmo. Shareholders was taken in a back room and beaten until submission.
I dont think the government has a choice. They are so far in debt. They will most certainly convert warrants to shares. They are desperate. They are easily compared to a drug addict looking for the next fix. 7 billion shares of a company would help lower the deficit if sold like AIG. They basically cashed out everyones home equity when they needed it. It was the last play they had left.
Your right. It will hit on a weekend and no one will expect it. However, when it does this thing will do just like AIG did, it will be stuck at 29 forever. I remember bashers tearing AIG apart at 29. They held it while the gov was dumping.
I want to see the volume slow down. Too many people trading in and out. I would say this last leg down washed out alot of people. Many that bought in between 2-5.
It really does not matter if it goes below a dollar. If released from C ship, it will blow through all resistance with in seconds. Where it is now, is irrelevant.
Clearly you think this is a bad investment. What investments are you currently in?
sorry it was a stay order. I have no idea why you would deploy such an order.
So are they proceeding with this against the FHFA court ruling? I sure hope they do. I would like to see some event bring this saga to a head.
Last I heard it was under a Cease order. But, you cant believe anything you read on a message board.
No problem. No loans to CA. See how that works out.
I read the reply from the congressman from Mass. I sorry I dont remember his name. However, He said something that I cant get out of my head. He said that it was unfair for the shareholders to pay down the national debt more so than any other US citizen. He called it usury. He also said that these costs was passed down to the homeowner and it was a silent tax if you will. This letter was addressed to the FHFA president. Does anyone know if he got a response? Reading it that way, shareholders have damages for unfair taxation. Thats a whole other way of legal pursuit that has not been tested in the courts. Your investment profits are being treated like a tax.
Low volume. More people are keeping the shares they have. The players are in place.
Here is the winddown of Sallie Mae aka privatization. Shareholders and bondholders got a 1:1 ratio. See link below or you can google "wind down of Sallie Mae".
So apparently Wind down in Fed speak means turn over to shareholders and get the heck out of dodge.
http://www.treasury.gov/about/organizational-structure/offices/Documents/SallieMaePrivatizationReport.pdf
If you replace the word Sallie with Fannie you could almost reuse this report. I love the last page, "the need to create a secondary market" Heard that one recently?
Sent the editor an email asking for a retraction. Thanks for letting us know that there was an error in that article.
I commented on the article. Clearly, any idiot can post or write anything. Calling them retards is just an insult to those who are actually retarded.
You guys are reaching. That was from a disc jockey on a AM radio station in Michigan. If I need advice on how to operate the radio station, He may be the guy. However, not for a one time financial event that has never occurred before.
I remember my grandfather telling me about the great depression. Talked about people with money buying land pennies on the dollar. The problem was hardly no one had money. Folks, I truly believe that FNMA and FMCC is our generation's wealth multiplier. Maybe it was a fluke. A poor thought out decision by Paulson to Conserve rather than receive, I don't know. However, I think that we those here today are among those that will reach something many will wait a generation to repeat. We have in our grasp a opportunity to buy into the American dream of a stock that has been wrote off, beaten down, bet against, under-minded by men of wealth, chased down by boiler room bashers, manipulated and forced to submission only to rise from the ashes like a champion. I honestly do not think in my life time this chance to gain wealth will come again. The law is on the side of the shareholder. We will not take the crumbs of banks offerings. There is a better day coming, we will over come our adversaries. Those that deny and lie to earn living will soon pass. These are the days of a new order and you my friends are part of that. Take pride that you backed with your hard earned capital a new beginning. The only other stock that I have felt this strongly about is IRE. Go big boys, or go home. Those that rebut are only trying to hide the fact that they know their time is short and they have little time to convince you to sell your stake so they might have it at a lower price. Remember that those that post negative posts are here to buy your shares. Why else would they be here? They are not paid public announcers. They are liars and thieves. Thats my pep talk...on ward, forward. All in my humble opinion. Adding more this week. FU.
Absolutely adds nothing to the board. Go through his old posts. Worthless babble.
http://johnbatchelorshow.com/podcasts/2013/07/20/special-podcast
Worth a listen. Posted at another board. Apologies if it is old news for ya.
Sticky request.
I use to be one of those that would challenge every short's negative comment. If you wait long enough they go silent. The time of the GSE bashers is almost over. I finally figured out that the bashers have no real skin in the game. They are paid buy large hedge funds who are actually taking long positions in the company that the bashers are bashing. So, in a way they are helping the PPS long term. Its just annoying because when you do want to sit down and talk to some fellow stock holders, it junks up the boards. Im sure the constant negative comments does help pressure a newbie or a long that may have more % holdings than he is comfortable with. That said, most are here for the same reason. This is a stock that has potential to multiply wealth. I remember I was on vacation this spring and heard B. Frank speak. He was almost frustrated by the situation of having to deal with the shareholders of FNMA and FMCC. I could tell that the governments options was not good. He reverted to name calling. I think he referred to us as "blood sucking" investors. Regardless of what exactly he called us...I could tell that they were not in the drivers seat when this conservatorship comes to an end.
Yahoo message boards are locked up. I bet the bashers are going nuts.
That watchdog press release was pure bashing of FNMAs PPS. If every bank did that we would have a huge market correction in the banking sector. They are feeding on fools.
I would like to see the financials of all the other banks after they write down all debts older than 180 days. Lets hold all banks to the same standard of FNMA. Thoughts?
Looks like the party started after everyone left.