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i have no doubt there will be some "winding down". 90% market share is the status quo, which is unsustainable. interestingly, in obamas zillo interview after the pheonix speech which the media jumped on, he discusses in more detail making them smaller. shareholder treatment may be a seperate issue however ultimately.
He should probably go do consulting work for certain hedge and mutual funds. I am sure he could do quite well. Right or wrong, he was thrown under the bus enough by this government.
The more that comes out, the more you really realize why we need the judicial branch. A hand full of people decided that it was okay to wipe out billions of dollars of equity, because they decided that they needed to and could. Maybe at the time it was the best choice given the circumstances, but at this point it is outright theft maintain the same perspective on the situation. Given the massive amounts of fraud that were committed by banks in hindsight, the fact that they are still trying to claim taxpayer protection at the expense of shareholders is disgusting. Shareholders should and are going to win this.
Its a game:
Prisoners Dilemma
have a fair amount of fresh powder coming in over the next 2 months. solid buy of fnma i it continues to consolidate below the $4 mark. loading the boat...
nice day here -.8 good cons. patience=$
UGH!!! My inside source told me this thing was supposed to be at penny's by 11:30, but my order at $0.04 never filled. What happened? Did it bounce off $0.05?
Our cups handle is so prettyā¦..
This seems totally legit. Just placed a buy order for 1,000,000 shares at $0.04. Gonna be the new loading zone. Silly rabbitā¦..
i'd be watching the 200 at 2.5 like a hawk. could be a nice bounce play there short term if we go lower.
Long term, F and F haven't been in a better position in terms of outlook for the last 5 years. The last week is noise. If your plan was to hold a core and you have calculated your risk stop paying attention to the nonsense for a whileā¦
Lawsuits pending. Analysts saying the stock has value. Congressman saying the governments actions were illegal. This is all new and very positive.
Damn. Been in such a good mood all day, until I realized that my stupid computer monitor was upside down and I've been looking at this chart all wrongā¦.
capitulation
just a little longer term perspective. a year ago, holding these shares was written up as a lottery ticket. no one in congress even acknowledged any rights for shareholders. no publication was writing any positive article regarding the subject. it was generally regarded as a foolish wager that only stupid retailers who has no idea what they were buying were engaged with. dont lose sight of the bigger picture. its only a matter of time....
These bills are by their nature camels, and many more people seem to be coming around to that fact.. Too dangerous when we are talking about messing the the heart of our financial system. Never gonna happenā¦.
Design By Committee:
The term is used to refer to suboptimal traits that such a process may produce as a result of having to compromise between the requirements and viewpoints of the participants, particularly in the presence of poor leadership or poor technical knowledge, such as needless complexity, internal inconsistency, logical flaws, banality, and the lack of a unifying vision. This democratic design process is in contrast to autocratic design, or design by dictator, where the project leader decides on the design. The difference is that in an autocratic style, members of the organizations are not included and the final outcome is the responsibility of the leader. Design by dictator is the best style to use in an emergency when an immediate decision is needed.
a camel is a horse designed by a committee
An expression critical of committeesāor by analogy, group decision-makingāby emphasizing the ineffectiveness of incorporating too many conflicting opinions into a single project. In this figure of speech, the distinguishing features of a camel, such as its humps and poor temperament, are taken to be the deformities that resulted from its poor design.
even after tuesday, trading action here is not like last may. way less erratic. higher the pps the better. playing chicken with the government now. dont think anyone really wants to legislate wiping out billions in equity on an stock they have allowed to actively trade for over 5 years, especially given the questionable constitutionality of doing so. the higher it gets the harder that becomes....
so are we in the handle of that cup that started forming last may?
yeah. senate majority leader reid has been on record, after obamas speech indicating that he was not in favor of dismantling. there was also a lot of rumor about a bill from Jack reed last year that would merely restructure the gses. it never came ro fruition, but would indicate that he has a more measured approach in general to addressing the issue. toomey is huge, since he is a friendly voice on the banking comittee. i think most are loathe to go on the record in outright support, but having watched a lot of the hearings during the corker warner days i think there may be more that are against a drastic restructuring than the public record might indicate.
i look at it this way. the circus would be much less entertaining without the clowns...
i completely agree. paulsons book and interviews are the most damning thing. he literally brags about bullying the boards into conservatorship because he knew they had a fiduciary responsibility to shareholders. they conceded for everyones best interest. the truth is the company built by shareholder equity was taken for the stability of the country at shareholder expense.
actually, fnma's portfolio of mbs held up very well conparatively to the private lable mbs market which is now esentially defunct. much better than private lable securities. the stats are publically available in senate records.
my 2 cents, which is worth about that much...
this ran past 4 to 6 fast after earnings, needed to correct. 0 support from 3.25 to 6. all profit. johnson-crapo hit and while expected flushed out a lot of momo traders and profit takers. we had been green almost everyday for 10 trading sessions, correction was enevitable. i think big boys were trading on this move but not convinced this was a dump. 3s seem to be good support, which had been a solid base before the run to 6. we have no specifics on the bill. cant be worse then what was already on the table. senate banking com. member toomey now publicly advocating for shareholders. i wont hold my breath, but discussion of shareholder treatment could become an inclusion in john crapo hearings. market overreaction to the news. next few days will be telling. last may it consolidated for months around .7 .8 before the run and bounced hard off of the 1.5 and 1. 3 needs to be that support now. wouldnt be surprised to see this bounce a bit tomorrow, but gonna be jumpy for a little while.
By actively shorting it and calling it a pyramid scheme for a long timeā¦.
been a hell of a week over at Pershing Square.
tedd olsen of gibson dunn and crutcher one of the most prominent constitutional lawyers of our time is something to hang a hat on, berkowitz, toomey, ackman, paulson, bove, perry cap, senator reid, and the US constitution. people who read papers get one story. people who watch senate and house hearings believe there may be another
hey risk,
i remember you from another board of a distressed retailer. in that stock analysts were predicting total doom for months stock pulled back a lot a lot of people sold at a loss, and earnings came out and the whole thing turned out to be overblown. that stock went from mid 4s to over 8 in a month. not saying anyone here is right or wrong, but for those who may still be long, yesterday wasnt totally unexpected and really no new info was presented. maybe just a contrarian attitude. lot of moving pieces with this stock.
Congress = Dread Pirate Roberts: "Good night, Fannie. Good work. Sleep well. I'll most likely kill you in the morning".
Gonna have to agree. Anyone who has held long and not sold at a loss over the last year has had an opportunity to turn a profit historically speaking. The ones who spread fear on the days down and cause people to panic and take heavy losses do more damage. No one who buys this isn't aware of the risks. Everyone has to trade according to their own goals, resources, etc.
I totally agree. Fundamentally, whatever $ traders make or loose is irrelevant. I fundamentally have a problem with the way the government has handled this situation, and the misinformation spouted constantly by many in Washington. The corruption around this is plain as day to anyone paying close attention.
take your dramamine if you are gonna watch this closely today. gonna be a hell of a ride for a little bit...fnma bipolar mode. where peoples perceptions fluctuate from golden stock to worthless second by second.
Haha. A lot of misinformation packed into such a small post
i nyc trying to cross 67 and park to be somewhere in 10 mins, can't because the street is barricaded off for obama. this admin seriously is ruining my day. maybe he was meeting with Perry, telling him to pull his head out of his a**...
nice. that is all.
wise words
got back in today. albiet with fewer shares than i used to own. was playing with internet radio, electric cars, and struggling "penney" stocks for a bit...fnma 2014 gonna be interesting
honestly, if you bought and held this at any point during the last 5 years. other than a 2 hour trading window in may you are nicely green. pretty solid fnma.
squeeze please
i dont think there is an analyst or financial journalist out there without an agenda or a spot on someones payroll. SA and Motley are the most laughable though. Bear-rons can be a little over the top as well.
Uh oh, shorty...
JCP SHORT Interest Nasdaq
It means 3 huge firms Vanguard, Blackrock, and Evercore partners own a large percentage of JCP. I wouldn't short into those guys...
I'll take it.
Little Eod push to close above 6 is niceā¦