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It has nothing to do with the U.S. legal system but with the NBA structure. The league has rules in place that players and owners agree to and one of powers that the league has is to institute financial punishment to players and owners.
Their graphics and visual solutions revenue is way up. My biggest concern is that their computing solutions—which includes servers—is down again from last quarter. Looks like INTC took more market share from AMD this quarter.
I think AMD has come a long way to improve their computing solutions as of late. If we don't see that reflected in their earnings, the company is in some pretty deep trouble moving forward into Q3 of 2014.
Yeah. Kind of reinforces the concern that the margins on consoles is low.
I would hold off on getting back into AMD for at least a few days.
Their goal is liquidity. That much is accomplished with the sale.
It also gives them some options in the future if they want scalability and freedom to relocate their Singapore operations into another building.
I'm not sure Blue knows better. He's been so wrong, so often it hurts to think anyone would have taken him seriously at all.
Regarding FNMA, I might jump back into this one next week once it's hit rock bottom. Should provide some nice gains in the not so distant future.
Who needs the comedy channel when you have people blaming Obama for their stock market losses (even though the stock market is way up since he took office).
You're wrong. The plan is to have a public/private partnership. No different then it has ever been, really. But seriously, the details don't exist to know for sure. And...it's not the president who makes the laws.
Wow. Let me help you out, bud. You don't know for sure that FNMA should be trading at $3 if Obama hadn't made that speech. If anything, his posture is a lot less extreme than Congress's.
It's becoming silly season.
This simply is not true. Economics, peeps. It's not that difficult.
Reading comprehension is not your forté. So yes, my question regarding you has been answered. Thanks.
Obama does not say he'll dismantle FnF. He talks about returning the same public/private partnership that FnF have been operating for much of their histories (albeit at a smaller scale). What we don't know is how the government will divest itself of the association/corporation or what fruits common (and preferred) shareholders will receive whenever a transition of the two companies take place.
You simply can't discern up from down regarding the details of this stock.
BTW, it's BernANKE (there's a bank in there).
I'm still laughing.
I thought it took a 6th grade level of education to understand c-ship, pending legislation and its effect on the stock. Apparently not.
My advice is to understand these things so you can make well informed choices of how and when to invest in FNMA. It'll make a huge difference, genius. In the meantime, keep up with the conservative meme of taking personal responsibility by blaming other people for your choices.
My apologies. Hope you make your money back and then some.
FNMA is a stock where you either flip and make a decent buck or you buy, throw away the key, and pay little attention to the PPS for a lont-term gamble.
While the upside is enormous, I'm not willing to take a gamble that's less than likely to materialize. But boy, if this one is returned to shareholders there will be plenty of people bathing in new money.
Are you gonna keep up with the same meme regardless of how far she drops?
While there's a decent chance this thing will bottom out this week, the probability that FNMA slides down to the $1 range is just as good-if not better-as a spike to $2.
Not cool that you got trapped but you were one of the dudes who implied I was stupid for getting out at $1.60.
We'll see where this goes in the coming days. If it breaks below $1.35, it'll be fun getting back in at much, much lower prices.
I'd hold off to see if it breaks below the 1.35 mark. This one has quite a bit more room to move downward with current trends.
At some point there could be news that will rocket this puppy to massive gains. I just don't see that news coming anytime soon. I do want to get back in this one but now isn't the time.
Of course. It's rising interest rates that have propelled FnF's profits to historic or near historic heights. That part of the equation should get better, too.
Stock has stabilized and pushing upwards finally.
If it shoots up from here it'll be because of a flood of PR from Perry Capital LLC (the group suing the federal government on behalf of preferred shareholders). Friday is historically a horrible day to push P.R. so if it doesn't happen today, it'll be on Monday.
Seems to me that Perry Capital should use this news to put pressure on the U.S. government to act on the behalf of shareholders. Time will tell whether their game plan will be a lot more subdued and isolated to the courtroom.
haha!
Is there anything else you'd like to tell me about your investment strategies? How often you break "your own rules"? Do you need to be told in detail how to earn money selling stocks?
Loving it! Robert, you are a great case study! Thanks for the memories!
LOL!
The defensiveness permeates strongly through you!
Thanks for the good times, champ!
I'm back out at $1.60. Will look at getting back in down the road but hoping it runs today for those holding strong.
Got back in on this at 1.52. Gonna play it real safe but if FNMA sees anything similar to the 65% pop in profits that FMCC saw, I think it'll catch a few more eyes.
Disagree. I'm not at all worried about FnF being privatized or wound down. I'm a lot more worried that when it happens, holders of FNMA common shares will get the shaft. That's precisely why this stock is at $1.50 and not at $20+.
But like all things, it's all about timing.
Stock charts are great but they're not a stable barometer for companies with straining, extremely unpredictable circumstances like FNMA finds itself in.
The president's chatter will also pose a very small, if not insignificant blip to a shares price. Unless of course the rest of government is pretty much on his side. We know that the GOP house would love nothing more to wind down FnF while the Democratic controlled senate is much more a question mark.
Regarding your 5th paragraph, I really hope you don't take the litigation to mean that holders of FNMA common shares will ever see a dime (assuming the funds win that court battle). That's a stretch and you'd be on extremely shaky—although not entirely impossible—odds if you think that to be the case.
GLTY, too.
You realize that the market going red is because the fed will be winding down QE soon, right?
If you think it's because of Obama giving a speach, my advice is to stay away from trading.
ummmmmm, Obama is falling in line with the GOP view of FnF.
2016 won't bring about much change in the regard you're talking about. If the GOP gains the senate, expect FnF to privatize much more hastily while shareholders of common stock are left on the sidelines to wallow in their losses.
Unless the government changes the rules of conservatorship for just one of these companies, the two will continue to run in tandem.
But why is that? The rules have changed since than. Especially since the big dogs with preferred shares are taking this one to litigation.
There will be peaks and valleys with FNMA, but I'm not sure using older data patterns is the best way to gauge this stock at this point.
I'm thinking the same. Need news that may give hope that shareholders will get something back for this at some point. That kind of news would give this one rocket fuel.
I'm not about to chase any stock. Will continue to monitor this one before jumping in. Besides, looking at FMCC's earnings report has already given FNMA a bounce and it also shows us that the bounce for FMCC isn't huge.
Holding tight for now. Curious to see where it trends now after trading sideways for the past 40-odd minutes.