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17 million volume already traded in less than 40 mins.
FNMA looks so strong.
30x of .267 makes the pps $8.01 . I hope it reaches that price in 2014. IMO.
Just translating:
Always Faithful FnF
I am here holding.
Hi navycmdr, so that 4.4 million is a sell order?
Isn't this much better than AAMRQ(AAL) in terms of profits?
AAMRQ became AAL when up listed. FNMA will get its old ticker FNM if it is uplisted?
I have read the same post few days back.
Wow I love to hear it.
Isn't it a dream came true for sone one who bought it at $0.17 and seeing it now trading at $2.70.
All the big boys are on vacation for thanksgiving, that's why it's trading dull. IMO.
So it's just few thousands volume in after hours trading. But how come the OTC stock is trading in pre market and after hours. Please clarify.
IMO, some BIG money accumulating heavily. Otherwise it won't trade this STRONG with this much of volume. In the last run it crashed from $2.70 to below $2. But slowly it reached $2.70 and touched $3.50. But crashed from there to 2.40 range from $3.50. Now it's heading back to $3.50.
No wonder if it touches $5 in next few weeks.
IMO, some BIG money is buying heavily. Otherwise it won't trade this string with this much volume. In the last run it crashed from $2.70 to below $2. But slowly it reached $2.70 and touched $3.50. But crashed from there to 2.40 range. Now it's heading back to $3.50. No wonder if it touches $5 in next few weeks.
IMO, The more the volume in the next two weeks, the clearer the indication it will go very high. Today's volume is very good. JMHO
IMO, Today's volume of 84.6 million is an indication of where it's heading to and who is buying it. I am thinking 84.6 million volume is definitely not a retailers play.
73 million volume traded already.
Now in TD Ameritrade it showing 2.71 as LOD.
Even TD Ameritrade showing 2.03 is the day's low.
IMO, Crawford we are almost there at your first target of $4. Many boarders including me assuming that the pps has a potential to reach $100 once it's released from c-ship. Is there any possibility that you review your higher pps at this point.
Govt. owns 79.9% commons, Pershing square owns 9.98% commons. So they together own 89.88%. Don't know how much percentage of commons Fairholme owns. So there's not even 10%(100 mil) commons out there in the market. If other hedge funds and institutions compete for these, then who knows what the pps could reach to. IMO.
Well said Jarenawer. Thanks.
Some one's views on FNM & FMCC on yahoo board.
http://finance.yahoo.com/mbview/threadview/;_ylt=AooHV0nk0UhASFtycrAc7azeAohG;_ylu=X3oDMTB2NHQ0bjM5BHBvcwM1MQRzZWMDTWVkaWFNc2dCb2FyZHNYSFJVbHQ-;_ylg=X3oDMTBhYWM1a2sxBGxhbmcDZW4tVVM-;_ylv=3?&bn=e0e2b58d-64fb-37a2-9273-29a5ce093d80&tid=1384556120637-b56e3059-bad7-47b1-85f5-1034beeb6c06&tls=la%2Cd%2C30%2C3
The real fact in 2008 is that there are many retail(small) investors who lost all of their savings that been put in FNM & FMCC when these stocks dropped from $60+ to below $0.25 in just a matter of months, because of these plays by big players. It's sad but TRUE.
$10 easy IMO
It's a big news detearing. This time I made sure that I typed your name correct. Last time I didn't notice that my phone changed the name that I typed. Thanks.
If it holds up $5, we may see $20 on the cards in short time. IMO
Thanks Jarenawer.
I agree with you Jarenawer. Even Berkowitz might also want the same same thing "Release from C - ship". That's why he might be playing his cards by giving an offer of $52 billion for the parts of FNM & FMCC business. By doing this he showing how much PRECIOUS FNM & FMCC are. As he said he owns common shares, release from C-ship gives those shares a big value. IMO.
I am thinking book value of $60 is reasonable pps to ask for.
IMO, as per this deal FNM & FMCC share holders will have double bonanza. 1) FNM &FMCC pps hike. 2) Rights issue for FNM & FMCC share holders in the new insurance company.
In my limited knowledge, Berkowitz wants to buy only the insurance parts of the FNM & FMCC business. So he wants to issue rights issue in that new insurance company for the FNM & FMCC share holders. The FNM & FMCC will continue to provide the equity to the Banks by buying the Mortgage loans from them and converting those loans into Mortgage Backed Securities and selling those MBS securities to the investors. IMO.
Crawford's first target of 4 reaching tomorrow.
Crawford2012. 4/12/14/26.
Thanks Crawford, Obiteridctum & Blue.
$60 pps?
Above $20 for new year?
I am expecting this in short term.
107 million volume, but the pps is increasing in more stable way.
IMO, If it holds above $5 then $20 is easy.