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Sold fluff at. $4.02. , went all in at $4.78.
I get the golden dildo award for worst flip ever!!
I actually know Obi's background. His story is quite remarkable. He grew up from humble beginnings in the slums of Boston with 12 siblings. He worked at a college as a janitor even though he knew he was smarter than most of the people who went there. Sometimes he would see like half an equation written on a blackboard somewhere and he would just figure it out. One day the professor caught him and said.... Hey!! What are you doing?? Obi just flipped him off and walked away. He finally started seeing a therapist named Dr. Robin Williams who ended up choking him out over an argument about Fannie Mae stock. Nonetheless, that Dr. changed his life. We should all be very proud of him.
They set a date for the toast? Lol
I slept in today finally ;)
I'm all in!! ;) thanks brother!!
That makes me a little nervous. You never know what they could say to try to tank this stock.
Nice call my friend! I would have lost an inch on my hairline if I didn't go back all in.
Blanka!!! Lol
Always...your message was BLANK. Lol.
Just copied and pasted. Not my words
Saw this on FNMA yahoo message board....any thoughts???
Treasury warrants are dead.
Okay, here's what I found from HERA;
‘(l) TEMPORARY AUTHORITY OF TREASURY TO PURCHASE OBLIGATIONS AND SECURITIES; CONDITIONS—
‘‘(1) AUTHORITY TO PURCHASE
.—
‘‘(A) GENERAL AUTHORITY
.—In addition to the authority
under subsection (c) of this section, the Secretary of the Treasury is authorized to purchase any obligations and other securities issued by the Corporation under any section of this Act, on such terms and conditions as the Secretary may determine and in such amounts as the Secretary may determine. Nothing in this subsection requires the Corporation to issue obligations or securities to the Secretary without mutual agreement between the Secretary and the Corporation. Nothing in this subsection permits or authorizes the Secretary, without the agreement of the Corporation, to engage in open market purchases of the
common securities of the Corporation.
Then we skip down to addendum 4
‘(4) TERMINATION OF AUTHORITY
.—The authority under this subsection (l), with the exception of paragraphs (2) and (3) of this subsection, shall expire December 31, 2009.
Paragraph 1 is expired, thus the exercise of warrants are dead.
I've been waking up at 6am for over a week now. Need my beauty rest.
Nice bro! Great job. I need to get better at flipping fluff shares or just stay all in.
That sounds like a plan brother!!
Better to be in than out. That's why I can't be a flipper when I'm an investor
Need to treat this like a countertop rotisserie chicken cooker.
Set it and forget it!
Ricks not short. He was just bored. Lol.
If anyone watches "house of cards", they will know how much deception and back door deals go on outside of the public eye. What we perceive to be reality is only a red herring put out by the Govt. We are all spoon fed the news that they want leaked. I'm completely convinced that FnF aren't going anywhere. And yes....only because I watch a fictional television show based on theoretic political situations.
I lost 800 shares!! Lol. I almost bought me a pack of cowboy killers too!!!
Anyone want to guess what happens next?
This letter from the GOP just forced Watt's hand.
Don't even think about lifting suspension while in conservatorship? ??
Okay, fine. Conservatorship over mo-fo.
Thanks Blanka. I invested in this to hold long term. I made a bet last week that the price would level off in the mid 3's based on past performance. I was wrong for now. Oh well. Moving on. Time to make some $$.
Probably the worst flip of fluff shares I've ever made, but back in.
Probably the worst flip of fluff shares I've ever made but back in.
From what I understand, as we sit now....Demarco made the decision to delist. I always thought the director would be the one to make the decision to uplist. Can the board decide to uplist without the director's permission? The board is pretty much following orders from the FHFA because they lack the powers under the conservatorship agreement.
I'm not saying we need to be released in order to be uplisted, but until we are, I think Watt is the only legal authority that can make the call. After release, the board of directors will apply to be uplisted in the NYSE.
IMO. If anyone disagrees, please chime in.
I'm gonna owe you a drink at the toast brother!! ;)
You're just echoing my thoughts right now. Im gonna buy back in, if it drops I'll buy more. I even think Beambe and MH are all in at this point.
I was kidding. I agree with you. I don't think it will drop like it did before.
I know!! I woke up to a gap-up this morning at 6am. Messed up all my plans....lol. Then a devil on my shoulder named "risky" said the gap must fill. Then an angel on my other shoulder said QATAR$$$ is loading right now. If fannie hits 4.5, I'm back in. But I will buy Freddie. So on paper I have a few more shares and I don't feel as bad.
Noticed that too. You guys don't want me to go all in right now, as soon as I do, I promise it will drop like a rock. That's how it works when I trade. Does the opposite of what I want it to do.
Ha ha ha ha!! Lol
It may get to the low 4's to high 3's with consolidation and the RSI resetting. It "may". New news may drive this through the roof. That new news is coming!! Then these prices will never be seen again.
My feeling is... I'm hell of a lot more nervous out than all in. Today's sideways trading is providing great support. If support holds this week. I'm cutting my losses and going all in again. Mortgage, wife, first born, a kidney....all-in!!
Crackheadz be giving BJs for some shares of Fannie or Freddie right now.
After watching Claytraders video, seems everything is tightening up right now but the RSI seems high IMO. I'm just wondering if anyone feels this is overbought and expect pps to level off so the RSI can reset? Any thoughts?
There is only one Fannie Mae theme song folks!!
http://www.jukebo.com/warren-g/music-clip,annie-mae,q88f8k.html
I had the same issue. They let me call my order in manually and charged me the lower internet commission. Executed quickly. Pain in the @$$ but worked.
Weak close? Weak open? Tomorrow I'm gonna swallow my pride, and get back in on the morning dip. Most likely!
It reiterates why we are here and what we truly believe in. Otherwise, none of us would have taken such a risk. Don't lock yourself out for a few shares or because your trading plan didn't work out. The picture has never been clearer than it is now.
This had been a chess play for Berkowitz. Where will you be when he tells the govt "check mate"?
Thank you for that great advice!
Hate to admit it though, when you used the G word, it eventually came to fruition.
I know!!!! Super nervous right now. But I'm following the fearful when others are greedy rule right now. But when I go back all in. Core and fluff shares are staying put. I get more stressed out being out of fannie than in Fannie.
Kept a core as well. If this goes below $4. I'm going all in. I did sell too soon though. Just past performance told me to take profits and patiently watch. I have PTSD from last May,