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$100 pps is ABSOLUTELY within realm of reason, imo. On the low end if you ask me. Valuations aside, there are plenty of companies trading at or above that range today that are certainly not intrinsically necessary to the US economy. Except maybe Apple ; )
Fun fact: Fannie Mae, founded in the 30s, has been a publicly traded company since 1968. In other words, lawmakers come and go. Keep that in the back of your mind the next time you hear the latest round of BS coming out of Capitol Hill. Or WSJ. Or shorty. Or Corky lol. $hit Corker was busy chaising tail and popping zits in Chattanooga back in '68. Now lemmings (copyright Navy) rush for the exits when wsj waxes poetic about some senators new found fascination with short selling. You gotta read the labels folks, you gotta read the labels.
Gotta love it.
"...there are substantial challenges and risks associated with the unprecedented size, complexity, and duration of the conservatorships of Fannie Mae and Freddie Mac. After more than two years at FHFA, I can assure you that these challenges are certainly not going away, and some of them are almost certain to escalate the longer the Enterprises remain in conservatorship." - Mel Watt, February, 2016...
Never trust a "journalist" who auto-deletes his own tweets. Only one reason someone with a blue check would do that anyway...I can see him now pounding out his next hit piece while talking to himself "prove my intent now muahhahahaha" lol. Only reason for his positive pieces as of late is the truth is too strong to obfuscate. $FNMA
LOL. Bet. If they can even afford it that is
Curious to see the dynamic on this board once we're over $20 pps. Wonder what shorts will do with their time here at that point. Something like "going back to $15 lookout below" <---yeah yeah stfu already lol
Certainly wouldn't doubt it---bet he has nice avg too
Oh dang lol. Soon is a relative term tho ha $FNMA
YOU'RE MY BOY BLUE!!! Great to see you back here (and I agree).
Chart showing a classic floating lizard; in other words, HEADING NORTH!$!!! (imo)
Nothing I post on here is investment advice. Rather, my posts are just my opinion. Good luck to you all! Out.
These relatively minor court victories---tickle farts as I like to call them---are good for 10-12% gains/2dayish runs. When the news we're all waiting for hits (and imo it's MUCH sooner than what is currently being speculated) you will wake up in the morning and be doing one of 2 things: planning a long vacation somewhere warm or cursing yourself for selling. Nothing wrong with taking profits but watch that ass we are at the tipping point here imo. Trading careers will be made and broken in an instant. And if you're short? Well..
Anyone notice how the price shot up 10% yesterday BEFORE news hit any official channels? Nobody, almost nobody on this board or anywhere else for that matter had ZERO clue what was happening. Unless you're agile enough, which most likely your not (see the aforementioned events of yesterday), the safest play here IN MY HONEST OPINION? Load and hold baby <--not a recommendation.
Court cases aside, I think we're all in for a major shock to the system in the best possible way from one Melvin Luther Watt Esquire Jr, but that's just me and my humble opinion. Tomorrow? Perhaps.
1000% on that right there. It's night and day the overall temperature/feeling compared to 2013. Everything worth noting notwithstanding.
Algos must be out drinking already, no matter. GONNA BE A ROUGH MONTH IF YOU SHORT SHAWTIE!!!
Here we go $2.50 test coming again..imo!
Going higher today is what I meant back there, imo. With regard to the GSEs, is there any particular topic on which anyone would like to discuss? Make it a great day, board.
RELEASE THE KRAKEN!!!!$$!$$!!$$$!!!!!
GOING GREEN WEDNESDAY!
Lol that's the best they got.
OH BOOM THERE IT IS!!!$$!$$!!! GOING UP!!!
I don't think we're in store for sideways action today given yesterday's volume--quick spike up to 2.42 and then test $2.50 before the algos goto lunch, imo.
Hi waiter? Yes I'll try the 'straight to da moon' please. How long does that take to make we're in a bit of a rush...oh coming right up? SOUNDS GREAT!
100% agree. We close green imo.
2M VOLUME IN THE FIRST 20 MINUTES!$??? Dang. OOPS NEW HOD!$!!
THREE DOLLA HOLLA TODAY JUST MY OPINION. No, seriously, I think we touch $2.82 today during what is typically the mid-afternoon fade. Just my opinion.
She's lookin good at $2.32!! $0.00 on the bid currently. Lol
In 1 month from now? $11.64
In 1 year from now? $26.32(ish)
*JMHO not a recommendation
We are at the starting blocks for multi-week run, in my brutally honest opinion. ENJOY LONGS!!!
sorry if you took profit today in advance of pre market gapper on its way.. Smdh if you're short! JMHO not a recco!
100% agree. JMHO.
STRONG FINISH!!$$!!!
You can tell who's been closely following this narrative over the years vs the Johnny-come-latelies just in the responses around pps and potential upside.Too great. And downside for that matter. And timing.