removed FNMA
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This would be a game changer. Hold tight.
Get on the train.
FNMA
Berkowitz is offering $52 Bill for a part of FNF...Am I listening correctly?????????????????????????????????????
$52 Bill for a worthless company???
The worthless common stock of Fannie was traded with $300 mill today???...Am I watching correctly????
.....All those articles are worthless, Not our Companies.
FNMA
Is Waterstone still shorting?...Any one have any info??
~Blue, what is your price prediction for next 7 days?
FNMA
in short, what this did was made the value of common more clear and folks are buying, even mom and pop with money on the sidelines, it is in the news everywhere.
Very nice info. Thanks for sharing.
Indeed this is theeeeeeeee big board stock being traded in OTC.
Go FnF
What a finish!!!!!!!!!!!!!
18% gain today. Percent wise the greatest day gains since last big run.
Ladies and Guys..Dear Folks!
We are in our run..........
Good luck all longs.
Is Bruce Berkowitz selling FNMAS and buying FNMA?
This is our turn to run...................
Only fools would be selling those, IMO.
Wrong.
No mechanism can liquidate $5.2 trillion companies.
No one can replace them.
No hedge alone can own them.
....They have to be restored as they were before 2008. Period.
FnF
Get on the train BABY.
FNMA
An article saying that preferred is getting more buying pressure than the common.
FNMAS has the highest volume among all preferred series. With 4 mill volume and $8.7 pps, total app. $35 mill traded today. With 55 mill volume, Common FNMA traded app. $140 mill.
How is preferred getting more buying pressure??????????
Any one has any thought?
Common got more risk but its reward is much more. Retailers including big boys are more heavily investing on the common than preferred, IMO. I invested on both. Prf: Common::1:3
FNMA
I think we heading to that direction. This time we will hold longer. If I remember correctly, We were
above $2 for not more than 5 full trading days
above $3 for not more than 3 trading days
above $4 for couple of hours
and above $5 for couple of minutes (I was lucky to sell @5.2)
.............
This time we have already passed at least 15 trading days with above $2. This is a very good sign of technical sustainability of PPS. Very positive move.
Good luck to all longs.
FNMA
Thumps up,
We are here to stay ........forever I guess.
FNMA
This is absolutely true that we are no longer in July time when the pps were severely affected by news and DOA lame insignificant harmful rogue worthless bills. We are stronger than ever. It's time to pass $5.2.
FNMA
Exactly.
To hold above $10 or $20, we have to at least come out of conservatorship, IIMO.
FNMA
Exactly
This time we will see $10 if we can pass $5.2 .
Stay tuned guys. Life time opportunity.
"Fnf are stronger than ever" H. Paulson
"Fnf were not responsible for 2008 financial crisis." Sen E Warren
FNMA
All IMO, not buy/ sell recommendation
A very nice post. Want to share with you.
Net bailout loan was 137 billion. So far USG/taxpayers have profited to the extent of 48 billion on
investment of 137 billion by charging 10% usary interest. It is only tip of iceberg.
When FHFA terminates c'ship USG/taxpyaers will receive tens of billions in taxes.
Some have hinted/suspected that FnF were forced to take higher loan reservation loss (234 biliion as compared to125 billion actual loss) so as to burden FnF with 10% usary loan and sink them to the bottom.
How is uncle sam any better than loan sharks he regulates?
Then the question is why did FnF barrow more than the actual loss at usary interest rates.
How did conservator allow this when conservator is entrusted with duty of protecting FnF.
It is amazing that FnF were able to survive despite all the efforts smother them.
An independent investigation could reveal the real truth.
Can ordinary citizens get opportunity to invest at 10% interest on secured loan?
Since crisis the average return for ordinary citizens is less than 1%.
-------------------------------------------------------------
from Perry lawsuit:
In 2012, it became clear that the Companies’ financial position was not as bad as had been feared in 2008. Among other things, their actual loan losses were far less than their anticipated losses. For example, between the beginning of 2007 and the second quarter of 2012, the Companies had placed more than $234 billion in reserve to absorb anticipated loan losses. But over that same time period, the Companies had realized loan losses of just over $125 billion. In other words, the Companies had overstated their projected loan losses by $109 billion which was artificially weighing down their net worth.
Barvo Crawford2012, carry on. Look forward to your next post.
FNMA
Haha...
This is not even news driven stock. After the earning in aug, it went down to $1.03 from $1.55. We had a $10.2 bill earning announced that time.
FNMA
Is market closed tomorrow?
http://www.restorefanniemae.us/
"Fannie and Freddie 's affordable housing program did not cause the 2008 economic crisis".......Senator Elizabeth Warren
"Now Fannie and Freddie are the strongest ever in their history."......H. Paulson on CNBC
Freddie will pass the net zero and add $9 million to the treasury by Dec 2013...Fannie will add positive return to investment by the US gov as soon as early 2014.
Dear Sen Corker, Warner and Hensarling...You still want to wind them down which have the best mortgage business model in the world????
Yes, No doubt. Only fool will sell now.
They are national enemies. Oh God, get us rid of them please!
Long live FnF
MM, Hedgies and so called big boys did not allow the run. OTC down does not have any impact. If big boys want, you can see the run starts on next trading day.
I believe we will see $4 this month, if not, then in early next year.
Good observation. Thanks.
Let me do my research on it. I will post the update later on.
No problem even if Fairholme dump their common shares. According to Yahoo Finance the current institutional holding of FNMA shares is 11%, which was only 1% only 3 to 4 months ago. Big boys are loading it. For sure.
Where are you getting that info? I guess this is your speculation.
Fairholme owns app 700 mill of Fannie common shares. They might increase that position according to Berkowitz.
Excellent forecasting..Very likely IMO.
FNMA
Right. Demarco and Watt, I think, both have the same effect on pps.
weeee so boring
Most profitable company of the nation.
$5.2 trillion Asset.
The net zero is arrived. Taxpayers will have positive return on their investment by next quarter. The most profitable US gov investment ever.
The most devilish person against FnF, Sen Warner is commending the prompt repayment.
Sen. E. Warren is defending FnF: "FnF are not responsible for the 2008 crisis."
Lots of positive news and articles are coming in a row.
Big institutional holding of common shares is increased to 11% from 1% in only 3 months.
H. Paulson is saying "FnF are the strongest ever in their history."
Lots of lawsuits are going on and will be filed to stop the sweep agreement.
................
................ So on...........
Even the veteran bashers in this board have either escaped or turned positive.
Fannie and Freddie
Most profitable company of the nation.
$5.2 trillion Asset.
The net zero is arrived. Taxpayers will have positive return on their investment by next quarter. The most profitable US gov investment ever.
The most devilish person against FnF, Sen Warner is commending the prompt repayment.
Sen. E. Warren is defending FnF: "FnF are not responsible for the 2008 crisis."
Lots of positive news and articles are coming in a row.
Big institutional holding of common shares is increased to 11% from 1% in only 3 months.
H. Paulson is saying "FnF are the strongest ever in their history."
Lots of lawsuits are going on and will be filed to stop the sweep agreement.
................
................ So on...........
Even the veteran bashers in this board have either escaped or turned positive.
Fannie and Freddie
Probably in the closet of their Moms' House.
Net zero.
"So the government in December will have received $185.3 billion in dividends from Fannie and Freddie, for a five-year investment of $189.4 billion. That's a nifty return in a little over five years, and there's still no mechanism in place for either GSE to repurchase any government-held preferred shares."
http://www.thestreet.com/story/12100165/1/fannie-and-freddie-thursday-financial-stock-winners.html?puc=yahoo&cm_ven=YAHOO
I know that. Thanks.
% of Shares Held by Institutional & Mutual Fund Owners:
11%
I can remember the number was only 1% only 6 months ago.
"investors seem to be encouraged that Congress might at some point act in their favor"
http://www.forbes.com/sites/nathanvardi/2013/11/07/the-return-of-the-fannie-and-freddie-share-rally/?partner=yahootix
Good point.
How did you know that?