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Lol are they seriously taking this below the 50 RSI and middle BB?
People don't realize that whether FNMA gets liquidated or not, we still make money.
If it gets liquidated, we are last in line to receive whatever Fannie Mae is worth.
And they are worth A VERY LARGE AMOUNT, even though we are behind senior and jr preferred, we still bank on it.
And don't even get me started if we DONT get liquidated, thats over $50 a share right there.
So you see, regardless of the outcome, all shareholders are going to make money.
And you lie to boot.
So you've been annoying everyone and spamming the boards, and you haven't made a single trade?
You just showed us your cards. You went from slightly biased TA, to now saying that if it goes lower you are lucky. You'll be buying/covering higher.
This is a prime example folks, don't listen to anyone on these boards, they all have an agenda.
http://ih.advfn.com/p.php?pid=trades&symbol=NB%5EFNMAS
926,000 at 5.40
10x more buys than sells. Meanwhile here at FNMA. ARCA manipulation gone wild.
And? Someone forked over 5 million bucks and bought shares. Clearly there is confidence to pull something like that.
Someone just bought $5,000,000 worth of junior preferred shares.
The politicians thinking they can liquidate FNMA are no different than Kim Jong-Un thinking he can take over the world,
both are all bark and no bite and when the end draws near and they need to make a move,
they will run with their tail between their legs. FNMA will see fair market value in the near future.
Let's hear your wise and informed explanation then gramps, still waiting.
My post was relevant to yours, does it need any other point? Did you get beat by your father as a child or something? Calm down kid no one is going to hurt you here, it's only a message board, mommy loves you.
Someone created a program to flip/short FNMA, obviously this program will need to go through an ECN or broker so that they will be able to actually buy or sell shares.
They can't do it directly. This particular person or group (most likely) is going through ARCA due to their very quick transaction times, which is ideal for the program to scalp profits.
Anyone thinking that there is a guy sitting in front of a computer with a boatload of cash, the reflexes of a cat, and Rainman like abilities to read the chart along with the L2 while making split second changes to his orders, is really out of touch with reality.
Also anyone thinking that it is multiple traders, is also wrong. It is very clear that there is only one entity behind ARCA.
Please read this about ARCA. It's an automated program, and he is doing the same thing running dozens of calculations per second on pretty much all of the stocks involved, which include the preferred shares and all the Freddy Mac stocks. It would be physically impossible for one person to manually do it all. It's a robot, and one programmed to be bearish.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88621663
New LOD coming, this pig is just as manipulated as any stinky pinky is.
Every day someone releases an article reminding us that shares might be worthless.
Yet another ridiculous and uncalled for selloff based on fear.
Will be averaging up some more here.
Even the preferred are getting trashed completely, why?
Is it because of yet another stupid article that ANYONE could write?
The old farts that put big money into this are gullible and scare just as easily as anyone else it seems.
Oversold.
ARCA just stole a bunch of shares from flippers and weak hands. Watch everyone chase it up now.
The only people that make money here, are the ones lucky enough to get their order filled
WAY oversold. This is Fannie Mae we are talking about.
Fairholme also neatly tied its offer of assistance to the government's conversion of senior preferred shares in American International Group to common shares, which enabled AIG to move past its bailout, with the Treasury and the Federal Reserve both claiming tidy profits .
Such a move could raise the junior preferred shares to par value and would also enable Fannie and Freddie to begin rebuilding their capital levels, since they would no longer be paying all of their earnings to the government. Then, like AIG, the GSEs could repurchase government-held common shares, thus lowering the share count, increasing earnings-per-share, and possibly setting up huge gains for the common stockholders.
FNMAS preferred shares are up 10%.. HMMMM?
You must have a serious disability if you think it's going that low.
ARCA and YOU!
I've been watching ARCA on FNMA for a very long time now, literally every minute of the day.
Despite what some people may think, ARCA is an ECN (AND)automatic trader.
Sometimes you will see his bid/ask share count fluctuate wildly every half second.
He never buys or sells against himself either, another indicator that it is just one entity.
The program works by placing small trailing orders on both the bid and the ask.
I've watched it do the following actions many times, and this is not a guess. It is a fact.
When there is buying pressure, the ARCA ask orders are being taken out.
When this happens, the ARCA bot begins buying until a certain amount of time passes where one of the small ask orders DOESN'T get filled.
Then it stops buying and starts selling, this spurs further selling and his small bid orders get taken out.
He continues to sell until a certain amount of time has passed since his small bid orders get filled.
Then he rinses and repeats the whole cycle again. This should tell you two things.
One, if the PPS drops or rises, then it was because of more selling or buying pressure, and NOT manipulation by ARCA.
Two, ARCA is more of an emotional trigger, he makes money off of people following him due to fear/greed.
Um actually, you are probably wrong, the way ARCA trades is very calculated and mathematical, it would surprise me if it WASN'T some sort of automatic trader.
Also I doubt it's more than one or two entities, the reason is because it NEVER confronts itself. There is never a bid/ask war between ARCA, its always one side or the next. It's one entity :)
You must be new here, and young. You have much to learn little grasshopper.
This will go wherever ARCA wants it to go, if he doesnt want it below 2.12 then it wont go below 2.12, simple as that.
I'd wager we see $5+ again as long as no terrible news pops out.
Up, down, or sideways. In the end the only thing that matters is if you are holding more shares today than you were yesterday.
If your share count has dropped, then you should rethink your trading strategy. I'm green every day including red days.
Whatever it is you are smoking, keep it to yourself.
Doubled up at $2.42, this has no reason to drop, only positive news.
That makes too much sense. Knowing our government this will not come to their mind until after they screw it all up.
ARCA on bid = TO DA MOON RAH RAH RAH
ARCA on ask = THE SKY IS FALLING TIIIIMBER
Seriously all you posters are a bad joke lol.
Entertaining to say the least though.
Fight against ARCA, not for him! If enough people support the bid, then he will switch from the ask to the bid and run it up.
Yeah but that was an overall drop over time. I mean I dont think FNMA has seen -42% in a LOOOONG time. This is ridiculous.
This is unbelievable, quite possibly the worst drop FNMA has ever had.
If people actually fought against ARCA, then he would need to cover much higher and lose money. If he has 10 million to short, instead of just following him and then being at -$1.00 by the time his 10 million are shorted, would instead buy his shares, then not only will the PPS remain high, but then go higher as he attempts to short.
Right now all the sheep are doing exactly what ARCA is doing, which is also exactly what ARCA wants.
ARCA is just feeding off of all the idiots that follow in his footsteps. He shorts, everyone sells, he makes money. He covers, everyone buys, he makes money.
But the most idiotic people of all are the ones helping him cover his shorts by dumping into him at the low.
ARCA is getting fatter and fatter and eventually he will own everything.
Fannie May -35% lol.. what the f? No negative news
This is stupidly oversold.