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Don't know if you have provided any references with your email to the author. I think it may be good to do that just in case. Thanks Nano1.
Does this mean the confidential information boosts the share price ?? Did I understand it correct ??
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"Defendant further states that in late 2013, Mr. Howard authored a book that “offers his take on the demise of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and the collapse of the United States home mortgage market.” Def.’s Opp’n 2. Defendant contends that Mr. Howard “makes clear in his book that he believes [that] he is the victim of the [g]overnment’s overregulation of the [e]nterprises[,] and that the 2006 charges against him were unfounded.” Id. In addition, defendant notes that Mr. Howard has stated publicly that he “desires ‘to be part of the debate over the future of Fannie Mae, and its counterpart, Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)’ and that he sees his book as part of that initiative.” Id. According to defendant, there is “significant reason” to be concerned about Mr. Howard potentially violating the protective order if he is granted access to protected information. Id. Specifically, defendant argues, because Mr. Howard believes that he “lost his career and reputation” due to the “[g]overnment’s regulation of the [e]nterprises,” such “deeply-held beliefs may color” his view of confidential documents in the case and also his willingness to adhere to the protective order, both during and after this litigation. Id. at 3. Further, because Mr. Howard owns common and preferred stock in Fannie Mae, defendant contends that he has a personal financial stake in the outcome of this case. Defendant asserts that as a shareholder, Mr. Howard “,would have an incentive to release confidential information in order to increase the price of his shares.” Id. Defendant concludes that Mr. Howard’s access to protected information should be barred because of the risk of its inadvertent or intentional disclosure. Id. at 4."
If you think only hedgies hold this over the week end and no retailers then what about the retailers like me ??
No way of reaching this $1 in the near term or long term. All hype by the members. Be careful. Looks like low 0.20s may be possible. Just IMHO.
Still here. Will be here till the final outcome. Thanks.
Just 3 moths more for Feb 2015.
Eric Sin on October 9, 2014 at 1:36 am
This is what I take from this “Reward” also. $1mil to anyone because we don’t have what we need to fight the Government without you.
http://timhoward717.com/2014/10/09/1000000-00-reward-for-information-concerning-the-governments-seizure-of-fannie-and-freddie/#comments
Millions new shares coming to dilute ??
Thanks Stockanalyze.
Stock_risk, my little buy for today is $1.915. I don't have any more dry powder to add anymore. .
Me too. Thanks Zargis.
Yes it was posted here earlier. Thanks.
??????
Blue is ridiculously correct on his call on Aug 8th 2012, when FNMA was around 0.30.
Blue's call:
"BY 2013 my target 5 dollars"
As per Blue, his 2014 target $30.
"my last year post when stock trading under 30 cents http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78317214
i said my TARGET FOR 2013: 5 DOLLARS.. YES FNMA HIT 5.40 DOLLARS..
NOW MY 2014 TARGET 30 DOLLARS GUYZZZZZZZZZ
"
Beanoshares, same feeling here for doubting Blue's call that it's going down to $1.60. He is ridiculously accurate about his latest FNMA call. If I remember correctly that he is telling that this would go to $2 when it was above $5 I think.
Actually I logged out of E-Trade and logged back in. Now it's showing as $1.31 on 10/2/2013.
??????
I am looking in E-Trade app in iPhone. It's still showing as $1.37.
??
I AM VERY HAPPY TO INFORM YOU ALL That the FNMA 52 week low now in TD Ameritrade is $1.43. E-Trade is still at $1.37 and may change to $1.43 in the next couple of days if it doesn't go any lower. Thanks.
Now FNMA's 52 week low is 1.31 in TD Ameritrade and 1.37 in E-Trade.
I also added few yesterday DT. Thanks.
Thanks For the clarification.
Thanks Verifiable.
So if I understand correctly, stop losses will trigger in pre-market but not the buy out triggers. Please confirm. Thanks.
Zargis, Are the stop losses of the retail investors would trigger in pre-market ? If so the same will apply for the buy out triggers of the retail as well ?? Please clarify. Thanks.
Can we put the at the market order for OTC ? I am not able to do it in E-Trade ?
142 million volume today. WOW !!!
Today's volume is almost 140 million. Till now it's 134 million. Still 25 minutes left to close for the day.
You are right. Finally FNMA at $1.60.
1.00 now.
1.14 now in L2.
Yea, all that might make sure that the price never ever touch $1 again in the near term to long term. Otherwise insiders might not be in hurry to sell their stock around $1 in March ??
52 week low is reaching $2 in a month, if it doesn't go lower than that going forward.
FNMA 52 week low is becoming $2 by Nov, which is at 1.26 now, if it doesn't any lower than that going forward.
FNMA 52 week low soon becoming 1.49, which is 1.26 now.
dbracing01 on September 26, 2014 at 10:26 pm
“Fannie and Freddie may be the two most important institutions in the United States” Bruce Berkowitz
Reply
http://timhoward717.com/2014/09/25/holder-resignation-confirmation/#comments
Ron Luhmann on September 26, 2014 at 10:09 pm
from the Berkowitz interview ….
Bruce Berkowitz spent 6 minutes on FnF….
He says the GSE’s can’t be killed. He thinks they will play out like the AIG deal.
I’m with Bruce……..
http://timhoward717.com/2014/09/25/holder-resignation-confirmation/#comments
Jeffrey 55 minutes ago 1 1
"No mention of Fannie Mae and Freddie Mac. Aren't these the next big thing?"
http://finance.yahoo.com/news/billionaire-bill-ackmans-concentrated-six-193100702.html
FNMA 52 week low in TDAmeritrade is now at 1.26. Which was at 1.14 few days back. Thanks.
Not able to open.