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If we make it to mid next week at 3 plus I would be very happy. It's usually only a couple days we hold above three when we've made it there in the past.
My only concern is that even with yuge volume, 10mil or 15mil, we are still only talking 30-40 million U.S. dollars changing hands. Really not that significant in a week that we saw an inverted t-bond yield.
Navy what's the next date/news we are looking at that could provide a leg up?
Good read, that Chris Ratcliffe really does take some stunning photos... I think he's at Bloomberg now. Can anyone confirm?
Thank god nothing interesting has happened the last couple of days. I trade through wellsfargo and their site has been down since yesterday morning.
One interesting point I like to remember is that Trump owned gse common stock when he disclosed his holdings in 2016... I doubt his team sold that position since then and would bet they have added to it.
I think this is the second longest streak of FNMA staying near 3 dollars in the last 10 years. Largest being after Trump won. Good sign to see her holding.
I don't see the twins dipping into the low 2's... How many of us would be buying left and right if that happened right now with no negative news. I would be happy to double my position at 2 bucks a share.
I wonder what sort of gains the market would have if the twins got uplisted and set free.
But I will give him credit only one here with the balls to post his actual trades...
Agreed 4z has almost hit his 3 grand loss write off for the year already...
PSA for all of the shorts as we head into 2019:
If you've got more losses than gains, most taxpayers can take up to $3,000 of the losses as an investment loss tax deduction that year. Any additional losses must be carried over to a future tax year and used either to offset that year's gains or to claim another deduction.
4Z you gonna be greedy or take a win? What are you now 9 for 11?
So are you announcing a short, or not?
I'll agree with you on that. Although I do not think the Trump team or Otting would telegraph this long play to their friends and shareholders if they planned on diluting everyone into the dirt.
If that Fox article is correct and Trump's team is preparing to do something about the twins I would certainly say that is "news" worthy.
Trump officials working on plan to end Fannie Mae, Freddie Mac conservatorship
By Brittany De LeaPublished January 22, 2019Home MortgageFOXBusiness
2008 crisis would have been worse without Fannie Mae, Freddie Mac:
Former Treasury Secretary Hank Paulson discusses why it was important to nationalize Fannie Mae and Freddie Mac. Paulson also weighed in on President Trump’s trade war with China.
The Trump administration is looking to end the conservatorship of government-sponsored housing authorities Fannie Mae and Freddie Mac in the near future.
The acting director of the Federal Housing Finance Agency told employees that a plan to end the conservatorship, implemented during the financial crisis, would be released in the coming weeks, according to a report from MarketWatch, which cited a person who attended the meeting.
The two government-sponsored enterprises do not originate loans – instead they purchase and guarantee them on the secondary market.
Privatizing the entities has been a long-time goal of U.S. Treasury Secretary Steven Mnuchin, who told FOX Business in Nov. 2016 that the administration had to “get them out of government control.”
“It makes no sense that these are owned by the government and have been controlled by the government for as long as they have,” he said, promising at the time to execute the separation “reasonably fast.”
Taking Fannie Mae and Freddie Mac out from under government control could be a boon to shareholders – who have essentially had shares wiped out. As of 2012, profits from Fannie and Freddie have been redirected to the U.S. Treasury.
Mnuchin has not specified how he would reform the housing agencies, though he told Bloomberg in December that he preferred to proceed with bipartisan legislative support.
Mel Watt, appointed under former President Barack Obama, left the FHFA in January. Trump has nominated Mark Calabria, chief economist for Vice President Mike Pence, to take his place.
Refresh your browsers boys shes looking good!
I don't understand what did I miss?
I googled his net worth. Not wealthy enough to give up his career by messing with status quo.
Is Otting a wealthy individual? I feel like Watt would never break the status que because he needed the salary. Hopefully Otting wants to make change not just a salary.
I will continue to hold my few thousand common shares, but I guarantee we all lose or break even at today's price. There's no way common people like us will given such a gift. Turning 5-10k into several hundred k? Naaa, won't happen on something as public as this.
Even with today's news we get no action in price... I believe the shorts are correct but will go down with the ship.
To be fair it was 5 dollars for about 10 minutes if you remember correctly.
Why have you highlighted this in green wouldn't this be bad news?
This was his first trade I can remember that he actually declared when it was made.
I highly doubt he is actually 9-10. And his one miss probably just wiped out several or his wins.
Yaaayyy now most of us are only down 40% instead of 50%!
You guys might as well have invested in leveraged VIX options with that debt. Never a good idea to speculate on margins... Rule # 1.
Have either of you gotten called up to start repaying yet? How long until they just start selling off your shares for repayment?
I don't understand how a 4+ to 1 buy/sell ratio can still have FNMA down 8% on the day? What am I missing...
#Where'sArnold
#ToDaMoon #I sold $3000.00 in commons today it felt good. It felt right. Still holding several multiples of that.
Didn't Trump disclose he owned FMCC/FNMA common shares before election? Not sure if he still does but is it possible to figure out what fund/group is managed his invested assets, do they own any FMCC/FNMA?
I know most here don't respect Along4's view on FNMA. But I will admit I am glad he hasn't taken a position recently, maybe not much meat left on the bone after all.
Maybe Corker knew the Wells sanctions where coming. Can his plan even work without Wells being allowed to add assets? Is he trying to stall until sanctions are lifted?
Has anything interesting come from Maria Bartiromo's show today?
But think about all the extra years you have had to stock pile more shares : ) Plus I was in High School then, so I'm glad it happened, gives me a chance to retire early.
I just mean if someone (myself) truly believes we could see a 20+ PPS from current levels, we should really be thankful these companies went into conservatorship. If they would have been left alone after the collapse like other TBTF's there wouldn't be this opportunity to have a realistic path to 8x+ gains. 20 PPS would be 8x from current levels 10 years to wait for that like some claim is still a hella investment.
If we do pop like that we should all write thank you's to every single person who tried to wind down F&F and steal their monies for keeping the PPS down for so long.
If you held before the collapse I feel for you. For everyone else we are just waiting for the recap/release. Doesn't matter to me if it comes in August or Q1 2018. Doesn't matter if shorts make some money along the way. We don't care what it trades at day to day because most of us are not flipping shares with the ups and downs.
Only matters where we end up not how we got there in this case.
Long since 2013. I don't understand why some people get so upset with the people who implemented the NWS and such. Without them we would not have this opportunity. Without them we would probably all be investing in Sears or some other high risk reward stock. No one here cares about the housing market only that FNMA/FMCC's PPS goes up, that is why I am here.
This board isn't a longs only board. People get so excited to see BLUE or someone like that call 100 PPS and then disappear for months. While Along4 HAS been consistently calling tops. Navy made the same "call" yesterday about maybe it being a good time to take some profits.
This board will not decide the fate of the GSE's and it's embarrassing to see people get so heated like it will.
And thanks everyone for always keeping me up to date with news articles, I use this board as a source of current information and truly appreciate it.
I'm sure he will spend that 15 minutes talking about his Herb short. Hopefully the uptick isn't based on him speaking about FNMA and FMCC.