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I was a die hard Republican for many years, but am now an Independent. I can't stand either party in their extreme and that seems to be all they stand behind now. Compromise is gone in DC, and that is bad for the entire country.
Fire them all and put in 100 guys who will talk to each other. I would love to see that type of change.
Oh, and go FNMA! (not sure if that will be enough to keep my off topic post on here or not)
Or somebody's fat finger mistake.
I find it amazing how it takes thousands of shares to get the PPS up, and yet a few hundred at a time can bring it down so quickly. Manipulation at its finest.
And I thought it was so that he "fumble" this the way he did healthcare.
WHY DO PEOPLE KEEP FALLING FOR THE TREE SHAKE?!?! You would think after the 1,000th time people would recognize it and not panic!
I don't pretend to understand "shorting" because I hate the concept,...but I am guessing this would be bad for them.
Not sure if you caught my earlier post, but I fall slightly short of the requisite 20K. However, my average is still at .288. I will remain long, but I guess I just won't be part of the group.
I am curious though, isn't this changing some "rules" midstream....kind of like what we are fighting against with what happened to FNMA? I figure a long, is a long, is a long, no matter what number of shares they hold.
I am a little saddened to have to be removed from the list as well. I come up a little short of the requisite 20K.
I get a kick out of each drop when so many people start saying that all is lost....yet, we keep referring to this as a "Big Board Stock". Drops and gains of .10, .20, or even more are pretty normal on the big board. Maybe this is just starting to behave the way it should?
Once this goes big board, and I believe it will, these fluctuations will seem minor.
Great link! Thanks!
So glad you are back and feeling well!
It does this because someone is trying to wear out your patience so you will sell and move on.
This isn't one that will explode until those manipulating it allow it to, or they can no longer contain it. One of those will happen, I personally hope for the latter.
Patience is a virtue,... not one we like to have, but it is a virtue.
I am long. I have been in since .28 and have no plans to sell for the short term.
I thought you said, "we must return to .85".
Do you know what you are doing? Or, are you simply here to incite and frustrate others? I am curious to know if you get paid for what you do.
I have to agree. I don't mean any disrespect, but the pom-poms style posts are becoming a bit far fetched. It seems to lessen credibility.
Go FNMA! Rah, Rah, Rah! (sorry, couldn't resist)
I appreciate that, but I was actually being sarcastic. But I do hear that Madagascar is loading heavily,...sorry that is my sarcastic side again.
I don't remember who used to post it,...but is Qatar back in the game yet, or were they just shorting?
It is worth it. Some have been on my ignore list for a while now.
The funny thing is, if they provided actual DD that made sense I would want to see it. But when it is the redundant posting of old articles, ridiculous insights, and outrageous postings to incite fear instead of inform, I need it to be out of my view.
FNMA is on the right course. It will still get messy before it is resolved, but I am comfortable waiting for that day.
"I would be more upset with myself for missing a great opportunity, than I would be losing money."
That is exactly where I am. I am in this at .28, I will never see this opportunity again.
these shares may be worth billions..
there is no guarantee
Your comments sound like a fortune cookie. Can you tell me my 6 lucky numbers as well?
No offense, but I don't get you.
Let me take a stab at predicting alongside what you have said,...
The PPS might go up, but then I wouldn't be surprised if it went down. If holding be ready for the possibility of volatility, or maybe not if everything lines up correctly. Good news drives this up, that is until the news doesn't have an impact.
Fence sitting does nothing for the board. Pick a side, jump in, and submit information that validates it.
That is what I suspected.
Seriously, could you please share what news you felt made this move as well as gave you such an immediate about face? This is odd and I would like to better understand what you now see that you didn't before.
I thought it was, "if you catch a man a fish you feed him for a day,....if you teach him to fish he will sit in a boat all day and drink beer."
I do appreciate posts from the likes of you, Blue, Obit... and others. Your intentions are good and your intellect is evident. I am glad those of you who understand this better than I do are here to keep things in balance.
Do either of you mind sharing what you find there?
I guess I just don't get the idea of shorting if it is for a few cents at a time. I would think that with the cycle that seems to be established those controlling this could run it to a few dollars and then walk it back down and see much bigger gains. I don't short, so maybe I am missing something?
I am long and have been since buying at .28, but I am trying to understand the ideology behind shorting.
With so much to be made by shorting this stock, why wouldn't they want to let it run a bit and start the cycle over again?
You might be the most toxic person I have ever met. Blue offers actual DD to support his views, all you offer are sarcastic remarks with zero substance. If you are so adamantly against what is being said find the counter information and post it. Otherwise, shut your pie hole!
I don't post often. But the current circumstances remind me of a scene from a movie. If FnF go away I think affordable housing will go with it for many, since banks will be able to run everything a little more their own way. See if you remember this exchange.
Why... here, you're all businessmen here. Doesn't it make them better citizens? Doesn't it make them better customers? You... you said... what'd you say a minute ago? They had to wait and save their money before they even ought to think of a decent home. Wait? Wait for what? Until their children grow up and leave them? Until they're so old and broken down that they... Do you know how long it takes a working man to save $5,000? Just remember this, Mr. Potter, that this rabble you're talking about... they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath? Anyway, my father didn't think so. People were human beings to him. But to you, a warped, frustrated old man, they're cattle.
I would only change the last line to "warped, frustrated old government".
Nader: U.S. has duty to Fannie, Freddie investors
9:03 AM ET 5/31/13 | Marketwatch
WASHINGTON (MarketWatch) -- The federal government has a moral obligation to Fannie Mae and Freddie Mac shareholders and needs to end the current state of limbo, activist and consumer advocate Ralph Nader tells MarketWatch in an interview.
"They should put out a statement saying that whatever organization or reorganization there is of Fannie and Freddie, they will respect the shareholders' equity and not vanquish it," Nader said. "The U.S. government has got to treat Fannie and Freddie common shareholders the way they treated Citigroup and AIG. They bailed them out and gave them a chance to recover."
Mortgage buyers Fannie FNMA) and Freddie FMCC) were placed into federal conservatorship in 2008. They send their profits to Treasury, shareholder dividends are suspended, and the firms can't rebuild capital.
Several months before conservatorship of Fannie and Freddie began, officials such as Federal Reserve Chairman Ben Bernanke said the GSEs were "adequately capitalized," comments echoed by then-Treasury Secretary Henry Paulson.
"Government officials clearly misled the common shareholders of Fannie and Freddie," Nader said.
In recent months, volume has shot up as the firms' earnings have strengthened on the rebounding housing market, along with news of hedge funds investing in preferred shares. Shares of both firms have climbed hundreds of percentage points over the past year, and seen large swings.
Nader is a shareholder in both companies. He said he bought his stake before the firms entered conservatorship. Nader declined to provide further details about his investment, but said he has not traded within the past 12 months.
Lawmakers agree that reform is needed to pare back the government's outsized role in the U.S. housing-finance system, though Congress has made little progress. The firms' futures are unclear, but investors are banking that Fannie and Freddie will be able to shed government control after they've repaid all of the nearly $190 billion received in government support. However, with recent quarterly earnings reports showing growth at Fannie and Freddie, there's concern that urgency will dim.
Here's an edited transcript of Nader's conversation with MarketWatch.
MarketWatch: Why are investors buying over-the-counter and preferred shares?
Nader: They believe that equity will prevail in any reorganization. These are enormously wealthy companies in terms of assets and profits. The more [investors] believe, the more they become lobbyists for it. They are getting themselves into a self-fulfilling prophecy.
People are wondering what's going on. There's no parallel for this in American history. On the one hand there are people saying these are worthless, on the other hand people are saying how can they be worthless? These are valuable companies.
MarketWatch: Should shareholders who bought GSE stock before the firms were placed into conservatorship receive preferential treatment over those who bought shares after conservatorship began?
Nader: That's a good question. Certainly they have a higher moral claim because they relied, like I did, on Paulson and Bernanke.
MarketWatch: You recently wrote a letter to Treasury Secretary Jacob Lew, noting several plans for GSE reform. Which do you see as the best?
Nader: I would like to see a public utility…once they pay Treasury back. An alternative would be… keeping it as it is, but regulating it so that the top guys don't make $20 million or $30 million a year.
The penchant for doing nothing is strong in Congress. My guess is that two or three years from now, you'll see the same Fannie and Freddie as you do now.
MarketWatch: What's your next move on this issue?
Nader: The problem with any attempt to change the status quo is that from a financial viewpoint, Fannie and Freddie are working very well today. The housing market is recovering and the last thing that the housing and financial and real estate community wants is uncertainty and instability regarding Fannie and Freddie. In the meantime, they are reporting huge profits and by the end of next year they will have repaid the government.
Now that is funny!
Talk about shaking the tree! It appears a lot of people fell out from that one.
I have read most every post during this run. It has been quite a thing to read and watch with a few naysayers being proven wrong over and over, yet continuing to show their "investment savvy" ignorance. I got in at .28 and have 15k shares. Truth be told, I would be more afraid to sell them now and miss out on the big run that we all now is going to take place. I am "in it to win it".
Don't you get tired of being wrong. You have shown time and time again that your advice is useless. I not only held over the three day weekend, but plan to hold a lot longer.
No offense to the school, but in your case does MIT mean Moron In Training?
What is the best website to watch trades take place as they happen?
I am new to this and have almost been a weak hand a few times due to a lack of understanding the bigger picture. I appreciate all those who have posted DD on this board to help me remain optimistic and maintain my position. I am not a huge player (only 15k shares) but I am seeing the potential and where it is going. Thank you Blue and everyone for your knowledge and willingness to explain it all to a neophyte.