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Dont bother with him, he said he sold and that he wont post here anymore, numerous times. He is spreading pessimism since. People are stupid, this stock could make you hundreds of % last year, but it is not good enough for them. They wont make money , we will and than.. retire..)
So Berkowitz buys commons, whos next? Things are really heating up
I would say we will make new higher low in low 2.9s before next leg up.
Hmm, so they can screw individuals order,but how do they manipulate all action going in particular stock?You refer to that fact very often.Im just not enough educated about that.So can they reject all bids on particular price to move the stock down?
What is the difference between OTC MMS and Nasdaq MMS? I believe they are the same algos of the same firms, but I think on OTC, they dont have to do what real MM should do- to be on the ask or bid when its needed for a stabilitiy of certain stock. But in OTC I think there are no designated MMS for certain stocks witt some obligations. They are just trading like we do, but in much bigger volume and much slower time. Or am I wrong?
It looks like the trend of previous 2 days is broken.We made new highs so we are fine.I would expect we will retrace and 2.9-3.05 is loading zone.
Wow, that would be first time that happened right? Thats huge step ahead just to start speak about it IMO.Great!
Well I guess Nader wont get too rosy answer.) Those guys have some history:
In 2004, Ralph Nader accused Watt of hurling a “racial epithet” at him during a meeting with the Congressional Black Caucus who urged Nader, the progressive independent presidential candidate, to suspend his campaign and instead support John Kerry. Nader claimed Watt called him “just another arrogant white man – telling us what we can do – it’s all about your ego – another f–king arrogant white man.”
http://fellowshipoftheminds.com/2013/05/03/obama-appoints-black-racist-to-regulate-fannie-mae-freddie-mac/
If we break this 3.25 resistence, welcome the 50s?
Maybe this "news" caused this?
http://www.reuters.com/article/2014/01/08/usa-housing-loanlimits-idUSL2N0KI16320140108
Nice! Thanks, and also for the level 2 updates!
Can I ask is this TDameritrade interface?
Ackman and Berkowitz took us in last runup from 1.5 to 3.5.The news that one was acumulating and the other was making an offer for GSEs. And prior to that when it was trading around 1 it was the rumor that there will be lawsuits,that is what took us from 1 to 5. Lawsuits came and so came Corker-Warner-Obama and their winding down- reforming vocabulary.They were flip floping the price until we got some trend traction which continued today with todays bounce. Thats the "news" I think took us here.
I agree that those reports have impact on housing industry as whole. Especially on stock of homebuilders and mortgage insurers like are RDN or MTG.But given the whole conservatorship and money sweeps thing about GSEs,I dont see it as a true mover of PPS. I am not trying to be offensive,sry if it sounded like that. Just changing opinions,thought that this is what Ihub is for.
Well GSEs are making billions of dollars every quarter.They are in best shape in years.They will be making billions of dolars in foreseable future.Everybody knows that.So how can little statistic numbers improve a stock price if it is beeying known for more than a year now?
National housing survey means nothing.Those kind of "news" are irelevant.You hear those kind of news everyday. Housing is booming, foreclosures down....If you think it have to touch 50MA precisely well....Its your opinion.I am saying mine.Thats all.
Todays move was technical rebound on 5Oma and short squeze.
0.55 but just a few
Who got the 2.76s? I had my order in at 2.74.Guess I may not get it never now again.)
Well, I was getting a feeling that you are not sure what to do with you holdings, otherwise you would not be writing here.Not ment to offend you.Just wanted to point out that this is risky and one should decide whether to hold for ever and not watch everydays action,exactly how you described, or to sell everything. I might have few posts,but does it make me noobie investor? I am watching this board closely and I can tell that some investors with 100s and 1000s posts are the noob ones. And for your information I am in at 0.5s ,just before the DTAS were released by fannie and remember the days from 0.4 to 1 in an hour.
If you are fearfull about this pps retracement,you should probably sell your holdings in FNMA. This was clearly going to happen,we should find bottom in 2,7 or 2.6s and than go back up. This is not comparable to any stock in the market.It trades on air. No fundamentals.I would like to point out that this stock made 1000% in one year.How many of your other stocks did that. Even if you bought at 1 or 2 you could easily make 2-3x of your investment.
Newest info Watt sworn in at 3 p.m.
http://www.usatoday.com/story/theoval/2014/01/06/obama-mel-wall-joe-biden-federal-housing-finance-agency/4339185/
Watt should be sworn in at 11 am. But cant find if any media will be covering live. IMO he will send us to sky or to hell today.
Watt will resign on 6th January. Should lead FHFA soon after.
His first remarks about his strategy will be crucial.
PLUS Ackmans investors letter should be out in same time.
Expect huge volatility there.
http://www.salisburypost.com/article/20131220/SP01/131229961/1023/watt-to-resign-from-us-house-on-jan-6