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And we broke out of the huge pennant from mid-January. I believe now our target is $5 short-term, assuming there isn't any black swan news.
Poor left toe will be missed. We broke out of a two-month pennant bullishly with strong volume. At least for now, even traders are going to want in. This is going to surge green.
I've never predicted anything before, but I will this time. :) And I'm not saying $5 necessarily, but I'll say well into the threes. Any little catalyst from here until next Friday and this explodes.
The pennant--you didn't even bring to light the pennant. The price has been making lower highs and higher lows since the mid-January run. You can chart it pretty easily and see why the price bounced yesterday and why it was also smacked down today--the price is being contained within the pattern. Big move will occur by next Friday.
Save this post! We WILL have a run by the end of next week.
You still haven't shown us that chart of a stock that only goes up.
The reason it broke down is because it took too long and failed to break upwards from the top of the pennant we are in since mid January's run-up. Pennant will be complete by the end of next week, so we will see some violence one way or the other by then. For now, it is just noise.
https://www.senate.gov/legislative/LIS/executive_calendar/xcalv.pdf
Page 13: Calabria is Message No. 1.
What does that mean?
Yes, it would. I am just an average joe who has bet a lot on this with my retirement account. I know many have a lot more than me, and even for me it would be a very significant change.
Barrio had last night actually. :)
Why do people care so much about what the preferred shares do or don't do? All of you posters saying how "bad" they are are just as guilty of filling this board with garbage as the JPS maximalists.
For such a serious issue as the one we are dealing with, this childishness is insane.
I never said anything about two-cent stocks; it could be with any stock. The argument you are making doesn't have legs.
That makes zero sense. Then any person who ever sold a stock in the trenches before it ascended would have the same argument. That's not how it works.
Yes! See, people! Fannie and Freddie are BEASTS now. They have already been reformed into lean, mean, incredible machines. This is another nugget for everyone to hear that the lemmings can't quite get through their brains.
He is dealing with probabilities; it is never an exact science.
I have done just that and life is good!
Yes, I think they learned it from watching Star Trek: The Voyage Home; it is a mating call for whales.
On what basis? We shared facts about the bid and ask. Where is yours?
So they did that to ensure a buy went through before the end of the day? I saw it happen, but I don't have knowledge as to the why.
Bid and ask flipped for a little right now. Bid was at 2.86 and Ask at 2.84. What does that mean? Does it happen often?
Another nugget from the Pepperdine livestream:
"One of the reasons that legislative reform has not happened is because number-one the system works--it's working very well--it actually worked very well through the crisis. Now, yes, you can say that's because the government stepped in and said, 'Okay, we're going to support you.' I get that, but the system works. So when you hear arguments around 'it's a failed business model' or 'it's broken,' I'm sorry, in enterprise, a business that can throw off billions of dollars worth of earnings and keep the mortgage market running with very low interest rates and access to credit--broad access to credit (obviously, there's always room to improve)--but it's hard to say 'so tell me again why it's not working.'"
Gasparino should give that Pepperdine livestream a listen. What I've been stating, and a few others here have stated, was reiterated by one of the panelists:
"There is no returning to the status quo antique--the pre-crisis GSEs. There have been significant reforms in the system overall. Their basic guarantee business is solid."
Don't be fooled by the GSE false prophets; Fannie and Freddie are rock-solid businesses right now. The lemmings STILL haven't figured it out. Whatever happens, even with dilution, these companies are going to have mega returns over the years and that will be reflected in stock price. This is what I believe to be true.
Morning dip almost complete.
Give it a rest, man. The last few trading days have all had the same pattern yet we continue to rise.
And what stock ever stays at its highest price and only ever rises higher? None. But according to you, that is the only way a stock is doing well. LOL.
I guess that is true, haha. I think I get more annoyed that I see people trying to have legit conversations with them. I'm like, "Really?".
The CEOs of the companies have come out and explained the reform on multiple occasions--the transferring of risk and stringent loan approval processes that were not present in 2008. It isn't semantics; it is real.
Do you get the main gist?
He was wrong in the first paragraph. Fannie and Freddie have already been reformed. We are looking for housing reform now.
The article was utter propaganda. I often wonder whose side you are on.
It was recorded audio of him speaking (not a hoax).
Yeah, it's good stuff. And all the while the media loves to continue saying how these "broken" companies put only taxpayers at risk. The media doesn't even change their spin after the CEOs have come out saying that a lot of the risk is being shared by private investors now.
Not sure if this was on the site before, but it's cool:
www.freddiemac.com/better-housing-finance/
Looks like it is here:
www.freddiemac.com/governance/
I saw that and I think you may be right. I'm hoping that is his way of saying he is going to work with congress, but rules are rules and things need to be corrected.
I do not like this:
For those that are so quick to forget that Fannie and Freddie have already been reformed--that they are NOT the same "broken" model they were in pre-2008:
What is so hard to grasp from Fannie Mae's and Freddie Mac's CEOs words that the companies are NOT the same old, failed models they used to be? They have already been reformed.
That's why people are going to miss out and continue to twist this narrative, because they left their ears in hell.
Because it is grasping at straws. If it were valid, it would have applied to Mel Watt as well!
It's ridiculous. The CEOs of both companies have said repeatedly that they have already been reformed. This is what the "lemmings" have not caught on to. There is a distinct difference between the release of Fannie/Freddie and housing reform.
Technically what Otting and the White House stated are not opposing at all. Otting said he has plans for the exiting of Fannie/Freddie from conservatorship. White House says they will work with congress over housing reform.
Two different things.
I want good news like anyone else, but I'm not quite sure why this is being shared. It is just a guy's personal comments/suggestions; not something that should probably be shared here without a disclosure of it being an opinion.
Wouldn't it be something if Otting ended the NWS after the bell today, locking out all of those hands who sold?
What the heck is this stock doing right now?! We are playing basketball!