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What, say again in more detail?
Haha a final verdict would put this at $20 - $40 per share with the government cashing in on their warrants. All it takes is the illusion that things are shifting towards the FNMA/FMCC way again and some hype and there is a possibility of this running to $5 again. It did before off Q and Q2 earnings (in addition to the letter) so what makes you think it couldn't do it again? Back then there wasn't all this negative news out but it seems like it's starting to shift back the other way again. Now if a bill does get introduced stating they want to keep FNMA/FMCC intact then I could easily see this trading above the range it has been in.
Didn't you used to be long. Stop with your worthless posts, clown!
I have to be honest I didn't really hear of such thing as 4k until of over heard somebody at the gym talking about when he was over in Japan. It sounds like it's already pretty prevalent over there. Even if we can just sell the 100,000 units by Christmas depending on the profit margin on these units, we should see at least .25 - .50 per share by then.
Is anybody worried that PS4 and Xbox1 will hurt NP-1 sales this Christmas? I know they are for different purposes although kind of but still it might make it more difficult to sell the NP-1 unless somebody is truly going for 4k action.
I'm just hoping that more and more people read this news and decide to jump and push the volume up on Monday....start to create that feeding frenzy that made the first 2 runs so successful.
It will be very interesting next week to see if the share price starts to reflect the tide turning.
The only thing I can think of is selloff coming into the weekend. I think the main thing is we ended positive and we didn't have a huge selloff or break the 1.35 support before the weekend. I think once other people start reading some of these positive articles that came out today, we gap up on Monday. I know I keep harping on it, but we need that Reid Bill to come out over the weekend or early next week. Not many people would be expecting that, and it might take us up to the 1.86 resistance. We get over that hump and we could really be cooking.
Just curious when does the pre-market open?
Looking at the chart, it seems like only a matter of time before this jumps up huge. The management seems to be doing everything right for the most part and they have a lot of exciting products coming out. I honestly don't know why this stock has been getting hammer down so much??
Hmm I was kind of wondering that myself?
I agree I think that might do it. I personally think that would be better news than q1 since not near as many people would be expecting that.
Imagine if the Reed bill would come out right about now...... I still think we need that to continue a nice push upward if we're thinking of breaking the 1.86-2 barrier.
This could mean more to us than Q2 earnings. We absolutely need this and soon!! I think a bounce is coming either way tomorrow or Friday but that would be icing on the cake and really push this back up!
I'm not sure. I think there has been rumors that it might be released this Friday. It sounds like he is finalizing his draft and it will be favor of keeping FNMA/FMCC around. We shall see.... If anything I learned this past week is to believe nothing until it actually happens after the whole Obama speech kill and then Bernanke getting delayed.
excellent article in Morningstar: "Obama’s Mortgage Plan: A Massive Failure Before It Begins"
here's a one paragraph:
Remember FMCC and FNMA are public companies, just like AGI, Ford, and the banks that received loans from the government not takeovers. So, the way to solve this situation is NOT for the government to come into your house and have you open your safe and take your money and your stock. That should not happen in a Democracy. So let’s take a look at the Fifth Amendment to the U.S. Constitution in what is called the Bill of Rights:
Now there are three important and applicable statements to the current situation of Freddie and Fannie in the amendment. First, the government has no right to deprive its citizens of their property with due process of law. Here there was no court case or legal affirmation that would allow the government ownership in these companies. Moreover, there was no shareholder meeting to approve such an action. In addition, the government has not allowed since its takeover any shareholder meetings required of public corporations under SEC laws. Second, there is no public use which could be justify such a permanent actions, especially since the amount of money given to FMCC and FMNA will be repaid by the end of the year 2013 or 2014 with interest. Remember, these two companies have paid the Federal government about $132 BILLION over the past two years of the $188 billion that was given to them! Yes, a loan along with temporary ownership would have been okay (like that given to AGI and others), but not the taking of private stock, especially without shareholder approval. Third, if and I say, if the government decided for the good of the U. S. people it should take over of Freddie and Fannie, it would have to give "just" compensation to the owners, i.e. shareholders.
Yea I can't wait for him to officially release it! It might be perfect timing if the stock already bounces tomorrow or Friday!
Roughly what would the pps should be if that happened?!
Using your dd on this company do you see the pps at least at .25 a year from now?
I don't know why but I have a feeling this going back up tomorrow. I feel like this way oversold and if the Reed bill gets introduced this week still or next week then I could see this jumping back up to 1.50-1.60 range easily. This stock can move back up in a hurry. Sure, there is a good chance they could be shut down buy there is also a good chance they're going to stay around and look at the potential at this price if they do...1.20 to 40 - 50 overnight. I have a feeling we have at least one more strong run in the next year.
There will be better days ahead I'm sure, it's just a matter of when.
The price right now is determined by the likelihood/chance of eventually being released from c-ship otherwise it would be worth zero. When it starts to swing more in our favor the price rockets up and when the chances goes down the price goes down. Common sense. We need the Reed bill to come out and other politicians to support it!
I honestly cannot believe what has happened in a week. We go from talking about 7-10 range to this. I can't believe we broke the 1.50 support that seemed like it was absolute rock solid support.
I have to agree, I have a hard time seeing this run back to 1.70 without some really good news perhaps the Reed bill or Bernanke. Those are the only two positive events I see short term and we need them to happen bad!
I personally wouldn't until you see a hard dip and a big bounce. I think tomorrow or Friday that happens. This is crazy!
This is not good. Still no sign of a massive bounce. Hopefully this is not the new valuation the market is putting on the stock. I was hoping it was going to dump and then bounce right back up to the 1.50. This sucks. We need that Reed bill to come out soon!!!!
I have been eyeing this stock for a while now. To me it seems like it's ready to bounce at anytime. Maybe it has to test the $.04 before it does. It just seems like management is doing a lot of things right, with a perfect example of them buying back shares. To me that shows they really believe in this company. Obviously Apple and other big companies will come out with their own 4k streamers when it becomes really mainstream but if Ntek can even grab just a small portion and catch all the beginning 4k people then this stock should really increase in value in addition to the other things they have going. I also think streaming of quality content will be huge!
I personally was very surprised when we broke the $1.50 support. Makes me very nervous when that gets broken. We shall see.....hopefully Reed's bill will get introduced Friday stating to keep FNMA/FMCC intact.
If this doesn't jump up above $1.40 right away and show support I'm out tomorrow. I'm tired of this crap and will wait on the sidelines perhaps making money somewhere else in the meantime. I would rather chase than have it stair step down each day.
That's awesome. I feel like there has to be more politicians in both Reids' corner. All that we've heard so far is from the one side stating they want to abolish FNMA/FMCC. If Reid can introduce his bill really soon maybe more people will start coming out supporting the other side of keeping them around and equal things out. At the very least it will cause an indecision and butting heads in regards to passing a bill.
Man that would sure be nice to have that come out on Friday. I feel like we're due for a green day after all these consecutive red days but who knows anymore. I will be watching closely tomorrow to decide whether I stay in or get out.
Did someone say somebody Reed is introducing a bill on Friday? Is Harry Reed supporting this bill. If he is I would assume this would be in favor of keeping FNMA/FMCC around?
Man this stock is looking awfully cheap right now especially since it's been hit so hard. Makes you wonder how much lower can this stock possibly go? Heck even if this thing just ran to a penny eventually, that is a huge increase. I'm waiting for the bottom to be confirmed and might enter.
Well I think it was the combination of him in addition to great q1 earnings. I think the hype started to build and he added fuel to the fire that there was a high chance they were going to be released.
Yea he might just be the one kind of like Nadar that really kick starts the stock again. Obviously Bernanke has more credibility and carries more weight than Nadar in the political arena. We shall see. This stock is just waiting for that spark, it's so close.
Yes if he testifies in favor of the shareholders and turn really positive then hopefully it will move the stock. If it doesn't move much after that then it's probably going sideways until they figure some of these bills out, aka reject them.
I hate to start talking Q3 now haha but..............if the earnings are good and would be enough payoff the debt and come to net zero, I would venture to guess then the hype would really build about releasing us from c-ship. I know a lot is going to happen between now and then but still. We might be trading flat until vacation is over for the politicians now and see what direction this is heading.
Great article! It seems like there are more positive articles coming out now rather than negative. So frustrating, we need some more political help besides Reed!
I wonder if Obama wouldn't have given that speech, if we would really be 4+ like a lot of people are saying. I can't imagine it could have done that much damage to effect a share price that much but maybe it did. I feel like when some people are starting to count this stock done for is when it's going to explode. Who knows maybe the Bernanke thing on Friday will cause a lift. We just need something to give this initial thrust again!
It definitely does seem like the sentiment is starting to change and this board is heating up again. Gradually more and more articles are coming out blasting the idea of getting rid of FNMA/FMCC. I smell another run coming on hype and speculation. I feel like the reward far outweighs the risk at this price and the price will adjust accordingly to even the reward and risk out.