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Warren Buffet biggest - and probably last one- trade will be buying FNMA 40%, commons, 50% new preferred, 10% div
He'll use Berkshire's huge cash balances. I am not sure who will manage it after he stops running the company
Correct, they know how to manipulate it. As a consequence, innsider trading happening each
time.
That might be possible, FMCC being released before FNMA.
Calabria and Mnuchin mentioned they will seek maximum valuation and that means FNMA based on financial statements.
I think the main reason is FMCC selected JP Morgan, and they picked advisors first.
FNMA is working with Morgan Stanley, not that prestigious as JP. they should have worked with Goldman but people would hate that because they are too Wall Streeters
I also think he was delaying to protect his job, justifying it by asking big $. Self-importance plays a role here too. now that he might be gone after elections, he must do his work. Trump asked for this and he will like to have it done I think as a legacy
half of the preferred were negative. the ones in black on small volume.
Commons higher volume, 1 tick down. Waiting for news tomorrow.
FMCC is higher than FNMA but on much smaller volume. Correlation out of wack. Expect reverse
I was wondering the same, usually the Fannie is 34 cents more than Freddie. Which means that to re-balance and keeping all variables the same, either Fannie will go up +30 cents soon or Freddie will go down +30 cents.
thanks for sharing!
what app do you use to see level 2?
excellent info, thanks for sharing
I think it'll be trading at the same level as Goldman Sachs. Yesterday it closed down to $215.23
so it must be included already.. thanks!
Do you know if the Moelis factored in the any P/E to these price ranges?
For example, with a book valuation of $6 and with a market P/E of 10 the market value of 1 share would be valued at $60
I should have sold today at 3.07...
don't say that, you'll live until 110 enjoying the gains on fnma commons and pref
that's because of the price per share only. I think volume is more important in this case since you cannot compare a stock trading at 2.5 versus one at 25. regardless of this, good luck with your preferred shares
good point, good luck to both
Numbers speak for themselves; Today FNMA was up 4% with a volume of 3.48M. The closest one in volume was FNMAS with 1.6M shares, less than half that of commons. And on the price side it was 2.81%, a spread of 1.20
thanks for sharing
why are we down today?
This explains a lot. Thanks for sharing
Once FNMA is traded in NYSE and or NASDAQ, an attractive price wouldn't be less than $17. At that minimum and with a multiplier of 25, price could trade near $425 in a year or two.
After all, Lending Tree (TREE) is trading at $376 with PE of 81
This will be the biggest recap ever.
thanks for sharing
That the most absurd and ignorant interpretation of that would happen, you should better read more literature before talking garbage like that. Just keep it with your family, eh?
me too
I'm down 22.29%. it sucks.
funny, gthe salt... true!
I think they will be cancelled, after all they are just junior
All those holding preferred shares should sell and buy commons now, there will be a huge conversion next week and those shares will be cancelled, thus will be worth nothing, zero
Good luck to all of us, common and pref. We all want the same thing, to become millionaires. I am expecting $40,000,000.00 in profits by March 2019
definitely, family first
I red about Collins Case. But FNMA took a -6% hit, it is too much, there must be sth else.... any ideas????
Im not sure what source you are using but all preferred have been getting trashed
Symbol Name Last Change %Chg Open High Low Volume Time Notes
FNMA Fannie Mae 1.41 0.01 0.71% 1.395 1.42 1.38 1851800 07/13/18
FNMAS Fannie Mae Pfd S 5.81 -0.19 -3.17% 5.96 5.96 5.79 785700 15:56 ET
FNMAT Federal Natl Pfd T 5.7 -0.36 -5.94% 6.05 6.06 5.63 83300 15:59 ET
FNMFN Federal National Mortgage Association 9.9 -0.35 -3.41% 10.15 10.15 9.8 53200 13:15 ET
FNMAJ Fannie Mae Pfd R 5.19 -0.21 -3.89% 5.3 5.39 5.19 3600 10:34 ET
FNMAN Federal National Mortgage Association 9.19 -0.61 -6.22% 9.65 9.65 9.19 2500 15:09 ET
FNMAL Fed Natl Mtg Pfd M 9.63 0.05 0.52% 9.63 9.63 9.63 2100 11:26 ET
FNMAK Federal Natl Pfd N 9.35 -0.45 -4.59% 9.51 9.51 9.3 1500 15:03 ET
FNMAI Fed Ntl Mtg Ser Q 4.95 -0.26 -4.99% 5.08 5.08 4.95 1400 15:55 ET
FNMAH Federal Natl Mtg Pfd 4.95 0.03 0.61% 4.89 4.95 4.88 1000 15:34 ET
FNMAG Fannie Mae 5.375 I 9.31 -0.61 -6.15% 9.92 9.92 9.31 900 11:07 ET
FNMAM Fannie Mae 5.81 H 9.44 -0.31 -3.18% 9.44 9.44 9.44 200 12:55 ET
FNMFM Fed Natl Mtg Pfd E 8.91 0.6 7.22% 8.91 8.91 8.91 200 07/11/18
FNMAO Fannie Mae Noncum G 9.5 -0.05 -0.52% 9.5 9.5 9.5 100 07/12/18
FNMAP Fannie Mae Pfd F 9.5 -0.5 -5.00% 9.5 9.5 9.5 100 09:36 ET
FNMFO Fed Natl Mtg Pfd I 18000 -1750 -8.86% 17750 18000 17750 100 06/04/18
nice link, thanks for sharing dude
that'd be great, imagine how much the stocks will skyrocket!!
Just waiting for a decent judge to apply the law this year. cross-fingers
Hey Brad, cool video in the pool. I want to celebrate like that with at least 5-10 common but hopefully much more. Cheers
Clutch29, thanks for your insight! Dilution would be bad indeed, that's why I pray Trump/Mnuchin will not exercise the option to convert those warrants. Then as you mentioned price per share should jump
thank you!!