The article indicates they were ordered to delist due to the fact that there was no foreseeable profit. Now there is profit and in fact, taxpayer money will be repaid. I think this whole matter leaves the government conservators in a very unusual, possibly one of a kind situation. This is history in the making. By the time government can enact a bill to wind down Fannie and Freddie, both corporations may be too profitable to make the action conceivable. Government cannot act overnight in winding down a profitable business. I also think it would be the first time in history for the Government conservator to wind down a profitable business. Just my take.

White House email:

The link to submit questions to the White House can be found at:
http://www.whitehouse.gov/contact

No need to wait for a petition to be signed. Everyone send an email to the White House to set Freddie Free. See who gets a response first.

Gap up in the morning.

I agree.

Stop Losses will kick in and then shorts will cover. PPS will then go up. IMO.

Article from The Street

http://finance.yahoo.com/news/fannie-freddie-still-enormous-potential-121700083.html

Can anyone see a short squeeze tomorrow or did that happen today?

News Article on Senator's Bill. Sorry if this was already posted today.

http://www.moneynews.com/FinanceNews/Senators-Bill-Fannie-Mae-Freddie-Mac/2013/05/29/id/507017

Conservatorship ends when the conservator is paid off. Do the stock holders gain rights as soon as the conservatorship ends?

Link and quote from The Street:

http://www.thestreet.com/story/11933734/1/fannie-and-freddie-ride-again-financial-winners.html

"FHFA ordered the Fannie and Freddie boards and executives to suspend communications with shareholders and abolish the annual stockholders meeting."

IMO: It appears there may never be another shareholder meeting.

Not sure about the legalease on this one, but it appears the shareholders can approve at any time during the year, but action must take place no later than immediately after the annual meeting. Typically shareholder votes of no vote are considered agreement. I would guess a vote can be taken at any time and action taken immediately after the vote.

Is this a positive note or a negative note?

NYSE relisting rules:

See
http://nysemanual.nyse.com/LCMTools/PlatformViewer.asp?selectednode=chp_1_9_2_1&manual=%2Flcm%2Fsections%2Flcm-sections%2F

Exerpt: Notwithstanding the foregoing, if a company determines that, if necessary, it will cure the price condition by taking an action that will require approval of its shareholders, it must so inform the Exchange in the above referenced notification, must obtain the shareholder approval by no later than its next annual meeting, and must implement the action promptly thereafter. The price condition will be deemed cured if the price promptly exceeds $1.00 per share, and the price remains above the level for at least the following 30 trading days.

Not easy reading, but I do think the NYSE laws state the stock price must remain above $1.00 for 30 days, inform the Exchange and have shareholder approval.

I am not sure this can all happen on the 30th day, but it appears to be very possible FNMA stock can relist on NYSE very soon. The $4.00 price appears to apply to initial listing applications.

See http://www.reuters.com/article/2008/11/14/businesspro-us-nyse-idUSTRE4AD63P20081114

See
http://nysemanual.nyse.com/LCMTools/PlatformViewer.asp?selectednode=chp_1_9_2_1&manual=%2Flcm%2Fsections%2Flcm-sections%2F

Exerpt: Notwithstanding the foregoing, if a company determines that, if necessary, it will cure the price condition by taking an action that will require approval of its shareholders, it must so inform the Exchange in the above referenced notification, must obtain the shareholder approval by no later than its next annual meeting, and must implement the action promptly thereafter. The price condition will be deemed cured if the price promptly exceeds $1.00 per share, and the price remains above the level for at least the following 30 trading days.

Not easy reading, but I do think the NYSE laws state the stock price must remain above $1.00 for 30 days, inform the Exchange and have shareholder approval.

I am not sure this can all happen on the 30th day, but it appears to be very possible FNMA stock can relist on NYSE very soon. The $4.00 price appears to apply to initial listing applications.

Charles Schwab:)

Just my lame opinion, but I think there will be plenty of days coming to invest and make a profit in FNMA.

Try Charles Schwab.

That is one reason to get in and stay in. My stop hit and I had a wait to get back in.

FNM.mu at $4.45 US dollar at 3 hours before US markets open.

Up. Even the people buying on the Munich exchange like this stock.

Have an email sent when the stock drops to your limit price. A data phone can be set to ring each time an email comes through. You can then access the internet and determine if you think it is time to sell.

I may buy more shares at $20.

Just repeating information from another board. Figured someone would know more about the matter. Have a beer or wine or even a Pepsi for me on June 26th and I will have one for you. Long on FNMA.

This information is a draft and is from 2006. It is too old and not official since in a draft. The final report could have been entirely different or may have been scraped altogether.

There is no public trading of OTC stock after hours. There may be private individuals willing to post bid and ask prices after hours. One of the online brokers had a bid price of .60. Who wouldn't want to pay .60 now, especially if they are short.

I would guess June 26th to be an application date to relist on the NYSE. The stock must be over $4 and the govt must give up oversight.

Charles Schwab and Scott Trade are two different companies. Asking your broker for help may be worth spending pocket change.

Try Charles Schwab. They have customer service available on the weekends. They will also provide one to one telephone calls to teach you how to use their tools.

I have tried Sharebuilder and do not like it due to the premium charge on penny stocks. Try Charles Schwab. If there is an office near your house, you can set up an account and deposit a cashiers check and start trading right away. If you set up the account on line, it does take about 3 days since they have very high security. Schwab's trading tools are excellent. They even provided a one on one telephone training to use the trading tools. They have instant messaging, even on weekends. Each trade is $8.95. They will give you help in selecting stocks without even charging a full broker fee.