I like to GNR8NRG
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The can has been kicked too far down the road as it is. Time to clean the wound.
Sold everything except (FNMA JPS) mid day today because I had a bad feeling and it's 'Sell in May and go away' time too. Things really aren't 'good' out there and were spending like a coked out drunken sailor that needs viagra but can't see straight enough to finds his zipper. Yes...THAT BAD. LOL
That's weird because I have Lehman and FNMA perfs too. Just says my Thornburg and the CUSIP matches my account. Oh well maybe Monday we will know more. Would LOVE it to be any of my other prefs because that one is my smallest holding. LOL
PS I'm TDA for those wondering.
Golden Cross on the chart ahead. FMCC already did so maybe a technical pop next week even on no news. Or maybe not. LOL
yes and this is what I replied to another poster.
"I got it too. I read it and it's for 'THORNBURG MORTGAGE INC COM' in my account. I have J's here and WaMu P's too. At first I got all excited too. LOL wink "
So NOT Fannie/Freddy related at all.
I got it too. I read it and it's for 'THORNBURG MORTGAGE INC COM' in my account. I have J's here and WaMu P's too. At first I got all excited too. LOL
So an unlimited supply to dilute. SWEET LOL
Some are so triggered. (not you) LOL I wonder why. Just giving some obviously needed info of what could happen. A friend of mine got caught in BB when RH pulled their BS. That WAS BS but I warned him that ish happens when big dogs get slapped. He's only down 10K so no sweat as he makes bank but got a feeling most here don't play with large sums. If anyone looks at my history here they'd know I know what I'm talking about. Especially if they go back to 2009/2010 but I don't care. Just a bit of free advise from someone who's been there done that but all good. I'd say as it's not my money but the taxes I pay paid for the stimulus so...In a way it is my money. LOL
Of course it's not a stock. Its a JOKE. LOL Doesn't mean you can't make or lose money on it. Also doesn't mean the governments don't decide to play their games. Crypto has it's place but can easily be put in it's place at any level. Just saying. Sell in May and go away. Butn RETAIL like yourself always gets in at the peaks so... Play away.
No they aren't. LOL They don't give a rats ass what it DOGE's (does) :LOL
Billionaires have better things to do than play retail games.
Now it's at 20...Good move
Thank you for such a detailed reply. The 'run' to 20 was not a run that I felt would hold, just a Reddit/GME type of thing.
Thanks.
Just checked it out and 1 post in a month a few more two months ago so that's probably why they post here. LOL Reminds me of the WaMu boards back in the day, now COOP. LOL
I think commons will run to over 3 before SCOTUS looking at their chart but no clue on a ruling how high or how long it could hold. So I'd probably add extras on dips to flip for freebies on POPS and keep a core for ruling.
Fannie and Freddy could be one of the few greens in a sea of red and if that happens it puts more eyes on it and swings more wildly. This will be fun for a little while.
I think it's GREAT what happened but if you don't think the big dogs and government won't interfere to 'protect the economy' then you haven't been paying attention for decades. The recent trading halt showed what 'could' happen with a few phone calls from influential people. I'd say nothing has changed, it's just more people are aware the game is rigged and will play another game to squeeze the juice. I'm sure Reddit could pop this to over 20 bucks like BB but it won't hold and it will trade higher than it is today. More eyes, more prize and more momo either direction. If SCOTUS goes shareholders way this will become a massive trading vehicle both directions.
EDIT: Oh and I'm long stuff here (varies what I buy/trade/flip but never short. Will buy puts in stocks but never short) and played when we were under a buck and in 2008/09 so don't have a problem with things going up. Especially before any SCOTUS decision because I'll trade accordingly and try to 'flip for freebies' because I don't trust markets overall anymore let alone government, media and tech.
What's that boards name? I looked up FNMAJ and it says want to create a board? So I come here to get info but I've owned both.
Shareholders vote to RS all the time because it's the big dogs that say yes and buy debt and shares with warrants attached to buy more at a specific price. Then the short the shit out of it with the higher PPS. If it goes down their shorts make money and if BK they hold debt. If it goes up they cover before the warrants and make money going up. Retail doesn't have access/ability to do this so... If you don't think the big dogs wouldn't do that, then you must think housing is a bargain and can only go up from here...Got a bridge I'd like to sell you with your profits here then.
I'm confused why common and JPS are bickering. if SCOTUS goes our way it benefits everybody. Both will go up from here and make money for those who haven't been here 'before' it all went down in 2008. Personally I think JPS will be worth more in the long run but that commons will get a higher % run when things happen. That's also to the downside if things DON'T go shareholders way too. Commons are more risk/more reward and JPS less risk but probably less reward but to get par when they were trading 20% below is a huge gain. If commons run from their 2 bucks to 10 that's the same % gain and people will use it as a trading vehicle to make money both ways, but wityh millions more trading it, I could easily see a run to 20. Many will probably trade from one to another just like FNM/FRE had people playing that where they'd just back and forth. Lots of variables but first SCOTUS needs to go in shareholders favor and people will reduce their exposure on big runs like the past couple days. I expect 3 up 1/2 down until we get a ruling and then it's a 'trading vehicle' that people will swing too far in both directions. So....LET THE GAMES BEGIN!
A bit optimistic are we?!? Try 75% or more. Of course we'll be DOW 50,000 by that time but 12,5000 sounds about right.
I like a mix. Some cash now so I can move out of Cali and shares to sell down the road that won't be taxed in Cali. So done with Cali. LOL
Am I rich?!? If so I need to move out of Cali immediately. LOL
I remember that day Rosen said shareholders are wiped out. Strange thing is that before he said anything the shares were already falling as if someone knew what he was going to say...
I learned A LOT from this experience. Would absolutely love to actually profit a decade later but in 2010 I could have purchased a lot more than I can today so hopefully if we do profit it's a life changer.
Golden Cross in early December took it from 19 to 26.50 Very nice indeed. Early PR on numbers threw gas on it with perfect timing. Just like last time so...Good luck.
One day split or sells something and it should JUMP/POP and hopefully hold it too.
I'll be watching TEVA on a pull back to see if it gets a Golden Cross set up soon too.
There's been a 'pattern here for a long time. Should fall after ER in Feb. 1 up/1 down and the PPS ranges are in my old posts and we just hit the 26-26.5 range. Maybe 28 but probably a pull back with pop and drop on ER but maybe I'm wrong. We shall see.
21.12 Today's close. Probably a pull back but stimulus could make it run before EOY. We shall see...Would love a buyout for 45.
I had commons when we ran up to .70 but moved mostly to P's after I sold those. However I also bought back commons much cheaper before it all went away and also DIMEQ's
Was happy to see a check early this year, I think from the DIMEQ's
More than a decade has passed since I first bought LEH and WM (WaMu) I wish I 'traded' more than I did because retiring young would have been GREAT. LOL Glad I'm loaded in lots of classes and looking back I can't believe how much money I was throwing at these things. WOW... Glad I did and let it go to the back of my mind for a while.
Golden Cross confirmed Friday open and it moved accordingly. 18.50 was recent low this week so 15% for just GC is 21.27 add some 'news and 22.50 possible. 26/26.50 then 28/30's but a lot of 'action' (VOL) possible but last EOY made a run at 32 so 35 possible but probably unlikely. Trade accordingly and 'flip for freebies' at all times because she acts like Ludacriss 'Get out the way, get out the way'
Didn't think they'd do anything and now they have an 'excuse' and can blame each other. LOL
JPM doing something illegal?!? No...Say it isn't so. LOL I'm SHOCKED!!!
I was in Colorado 94-99 and came back because this is where I grew up. No regrets but this is NUTZZZ in 2020. Got yet another fire in my county after 2017 and 2019's...Earthquake expected before year end. LOL YIKES!!!
I'm actually preparing an exit from Cali if necessary and if it's 18% I'll be gone before 6 months here in 2021.
As they say...Sell in May and go away...Where are they going though?!? They're already off. LOL
OCD is a hell of a drug with stocks. LOL
Has moved up to 16-18.50
A good ER might move it to 18-22.50
This use to always be a buy around 22.50. Last time it took us majorly below it broke above for a new 52 week high. COME ON 32-34 trading range. LOL
Could of swore they put out a PR saying we were on track with guidence as we were falling a few weeks ago. Most probably didn't notice or just sold off any high debt companies...
Next week is shareholders meeting and ER in two weeks so won't be long. Chart looks like a cup and handle may be forming before the ER but that 50 DMA could knock us right back down...I've seen charts fall apart on this play and I've seen it follow like clockwork sometimes too on no news so....I don't know anything. LOL
If an excellent ER we might break above 200 DMA and start to set up a longer look out for a golden cross but that would be a long time from now and in this market, anything can happen in an instant. TVIX/VIX going down is a welcome sign even if the market goes up or down. Just need to not PANIC!!! ARGH!!!! LOL
Seems like a trading range with 14-16 being the easy call but a little higher/lower but a range none the less.
BHC 52 week high 31.97 Dec 2019 and low 11.15 March 18th 2020 for a 65% drop in 3 months.
Currently @ 14.50 (30% gain from low) and looking like it wants to take a stairway back up, but overall market probably keeps it on an elevator down. I expect the ER to be as guided but that doesn't mean we can't retest or make a new low.
Gambling at it's finest. LOL
With mustard, fava beans and a nice Chianti. =P----
Love the picture in your profile and it looks like the Hell's Peak that attracts such 'tasty treats' LOL
When driving through Forestville be careful not to sneeze or blink because you might miss it. LOL
Sounds like Bloomfield...I'm west of Sebastopol in Two Rock so I know Bodega Hwy well and worked in Occidential. Drove all the backroads and alternatives during floods.. I know that coastal weather well. Makes it real hard to plant anything with size as the wind knocks all the blooms off. =(
Every time I get out of Cali, it pulls me back in. LOL
DOW was down 900 but was making a comeback to about -200 but the last 1/2 hour it was a drop right back down -915 with BHC going below 14 for a bit this morning and coming back to 14.80 before the DOW tank and closing 14.47
So looks like a 14-16 trading range until overall market or company specific news breaks in either direction.
I've never even gone wine tasting where I drank any. LOL
I'm the driver for others and a friend owns a small winery in Healdsburg. When we did Passport weekend we drank a lot of beer serving the guests. LOL
I've been around them all times of the year so I've seen the process but I haven't dabbled myself. Also know some of the local beer people. I guess growing up here I never appreciated what was always around me. Hated growing up in Forestville (small town and everyone knew me because of my family) and was so happy when I moved to Colorado, San Diego and LA. Once I moved I appreciated what a great life I grew up in. Still appreciate it. ;)