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Hedgies? I'm serious, I doubt google is playing hedge with fnma. I think it's something that they either messed up with their programming, or they are trying to play political with their users. I can't think of any other reason that they actually would have such immense inaccuracy in their history charts that make fnma look bad.
Why is google trying to make fnma stock look bad?
If you were to look up the key words "fnma stock" on google and hit their 1year history button for the graph you will get a line that looks like a slow decline with a sudden spike without much detail.
If you do the same on yahoo, you will get an official graph from OTC BB, which shows that while we had a dip in january and may, but it is not an inevitable decline like google wants us to think. In fact we have been seeing some healthy volatility, and even have a long climb from may to august which the google charts don't even acknowledge.
What is google doing, and is it on purpose?
CBB - Fitch Affirms Cincinnati Bell's IDR at 'B'; Assigns Stable Outlook
http://research.scottrade.com/qnr/Public/Markets/Article?dockey=100-025b0715-1
CBB got a mention at Tradeking, Looks good to me, I bought in a little more earlier today and got a bit of profit off that. The mention is along with a bunch of other stocks though...
http://community.tradeking.com/forum/categories/general/topics/9689-6-stocks-trading-at-major-discount/forum_posts
Just Bought in a few days ago, expect to see a big return after such big losses.
Woohoo! 12% pay-off. Took a few weeks longer than I was expecting, but worth it in the end. Looking to buy in again in the next dip, hoping there is one.
Thank you and good night!
(EDIT)
Heh, I just looked at my previous post and realized that it was almost a month and a half more than I expected, but hey, I'm still happy with the results, my long-term holdings in CIM haven't paid off nearly as well in the long-run.
They'll post the financials before that won't they?
OK, so there's a 4 month extension period before the NY stock exchange removes the listing. Then what happens? do we still keep the stocks?
Holly cow, the price just dropped over $2. I love this stock, it's just so extremely volatile, if you get in at the right price you could trade up in less than a week.
I'll just say this, I bought in heavy again at 11.25 and guess what? the ex div date announcement should be coming out in the next 1-3 weeks.
I'll just be placing my sell order high now and see what happens.
Good luck everyone!
Well, I'm happy over all, last month I'd been just thinking what my dream price for CIM might be, so I placed a hold order for 1.81 on a whim. I never thought that it would actually get down there, I didn't even think I'd gotten the buy since it barely even touched down there, but I got it!
I'm finally back at my break-even and I just, you know, I can't bring myself to sell now, the div's will more than make up for my risk at this point.
Sorry, it was almost three days ago by now, but I'm still giddy on a buyer's high.
I'm setting my dream-sell at $4.50, let's see if it pans out as well.
As far as my personal analysis, CIM is making a moderate profit, which is more than can be said for many REITs that are still trading above $30. The down side that they have 1 billion outstanding shares (so profits are spread out) is outweighed by the fact that I get 15% divs anyway. They may be focusing on less-than triple A loans, but can you imagine the returns they will get when the rate on loans starts to increase again?
In review: I'm in it for the long-haul, and I'm in at a better position than I've ever been. YEAH!
Thanks, I'll try to hold on, but in their proxy statement released today they said;
"...To the stockholders:
On behalf of the Board of Directors, it is my pleasure to invite you to our 2012 Annual Meeting of Stockholders (the “Annual Meeting”) to be held at the Hyatt Regency Bethesda, 7400 Wisconsin Avenue, Bethesda, Maryland 20814, on Tuesday, May 1, 2012, at 10:00 a.m. Eastern Time, for the purposes set forth below.
1. To elect the Board of Directors, with each director serving a one-year term and until his successor is elected and qualified;
2. To approve an amendment to our Certificate of Incorporation to increase the total authorized number of shares of common stock from 300,000,000 to 600,000,000;
3. To approve an amendment to our Certificate of Incorporation to increase the total authorized number of shares of preferred stock from 10,000,000 to 50,000,000; ..."
If that goes through I'm selling no matter what, if they double their shares again then I'm out.
I understand that by selling off those shares they bring more money into their networth, but their earnings per share still falls each time that they shell out those shares. I don't see how they could keep the div. above 70 cents if they actually do double the shares outstanding again.
Basically, I'll hold on until the results of that stock holder meeting are announced, if they do double their shares then I'm finding another company.
Thanks, I guess you're right, the Divs are still pretty nice.
It's mostly just jitters since this was my first big buy outside of penny stocks and all, I think I'll just set up some rules like if Divs drop bellow a dollar or if earnings show a big hit then I'll be out, otherwise I'll hold on.
I think the big one is if they increase their shares outstanding again, because that just plain worries me.
If those all hold steady then I'll see where I'm at in 6 months.
I'll just have to lay off the coffee until then,
Thanks again.
I'm thinking of selling my shares of AGNC, but haven't decided fully when yet.
I've been in on both AGNC and CIM for over half a year, which is a pretty long time compared to my other trades so far.
I know that taxes will take a big chunk out of my profits if I don't wait a full year, but I've taken a look at AGNC's history and they keep increasing their shares outstanding, nearly 5 times more shares outstanding compared to last year, and 10 times as many since 2008. do you think they're going to continue this in the next 5 or ten years, because I have other stocks that have increased s/o by less than 10% in the last ten years and the EPS show it.
I want out, but this is my question;
So should I hold on for another 6 months to get lowered taxes, or sell soon while there's still a big demand?
So what's up with this stock, I'm just curious as to who or what is now the controlling interest here?
Is there someone out there who has the authority to start us trading/operating again?
If not, then can we, the holders, decide to create a new board of admins to do so?
(Who's next in line? Are Jessica Wiswall and Mark Pinter still the heads of our company/making decisions for what is essentially a shell company?)
Hey, does anyone know if FNMA has any issues with trading over the DTC?
Zecco.com has started posting a warning that it may start charging up to $700 on any trades on companies not traded through the DTC, but it just says this as a general statement for all penny stocks.
I think zecco is just trying to deter penny traders, but I'd rather not get stuck with huge charges for small trades in FNMA.
Hey, I'm looking for a well-thought out answer to this question;
What do you think would be the best conditions in this economy for CIM to Succeed and/or improve?
This would be my answer;
I don't think increasing housing prices makes too much of a difference as far as CIM is concerned. A loan for $1,000,000 is exactly the same as 10 loans for $100,000 if they are at the same rate, right? (Of course time and effort may factor in)
CIM is mainly a mortgage/loan based REIT.
What we want to see is an increase in mortgage rates. Right now we are seeing some of the lowest rates in decades, mostly as an effort by the gov't to increase the number of home loans for purchases. So when we start to see an increase in the mortgage rates would be the perfect time to start investing heavy in CIM, the following quarters after that would most likely show the best dividends/profits.
(My opinion)
As soon as I see rates go up past 5.2% is the day I drop everything else in my portfolio and buy-all-out in CIM.
Anybody have any opinion on what else would be a good sign to really buy heavy on CIM?
So what is everyone's opinion on the Insider Buys and Gifting that have all been going on, Mostly it must be Christmas bonuses, but they were also buying to add to their own portfolios I think.
Based on FNMA's analysis, I'm personally hoping to get in more at a lowered price in the next couple of months or so, kind of missed buying in while it was at a low a couple weeks ago. Dividends for next quarter will likely drop by a few more cents, but I'd guess it will be worth it in the long-run.
I do still think CIM will outperform most REIT's out there once the economy does a true rebound. Plus there has been a lot of propaganda against CIM recently over it's portfolio being puffed with a lot of non-government backed loans, but as long as the creditors pay their dues we will see increased profits-per-loan in comparison to companies like AGNC who only deal with Gov-backed loans. (More profit per dollar risked, higher dividends, more confidence in the CIM label, Higher stock prices in coming years)
f
http://www.fanniemae.com/portal/about-us/media/financial-news/2011/5592.html
FNMA's analysis of this quarter and next year. Ups and downs on the way.
Yep, what they said. Pretty much our only hope right now is that a new company comes along and decides it needs a shell company for some reason, or that they want a pre-trading company (sometimes quicker and/or cheaper than starting from scratch).
It's very unlikely at this point because of the trade restrictions, but it's not 100% out of the question from happening.
I've placed my sell order at 0.0046 just in case something happens while I'm not looking, but I'm not holding my breath.
https://research.zecco.com/research/quotes/stock-financials/drawFiling.asp?docKey=137-000119312511061597-58P59D8QHT6EMQNS6A2SLBIIGS&docFormat=HTM&formType=10-Q#D10Q_HTM_TOC
I guess it's 3rd quarter report, my mistake, anyway, it shows company's newest quarter report as of Jan 31, 2011.
Let's see if I've figured out how to set up a link here. This should show JTX's fourth quarter report year end 2010.
https://research.zecco.com/research/quotes/stock-financials/drawFiling.asp?docKey=137-000119312511061597-58P59D8QHT6EMQNS6A2SLBIIGS&docFormat=HTM&formType=10-Q#D10Q_HTM_TOC
If that doesn't work then look up on the company's main website, there's a new fourth quarter report out.
they don't, agile does. and agile purchased them out just as they were potentially about to become profitable. smooth move agile.
Well, here's the response that I received. It's pretty much a restatement of the original announcement, it half way answered my question, but I still don't know 100% what is going to happen with the stock. here it is;
As indicated in the Press Release sent out December 24, 2010, My Vintage Baby, Inc., a Florida Corporation, has been actively attempting to finalize and move past the issues associated with the SEC investigation of Summit Advisory Partners, LLC, the firm that advised My Vintage Baby, Inc. to acquire the public shell corporation and who moved them into the Pink Sheet markets while managing the company. As a result of My Vintage Baby, Inc. hiring Summit, the SEC investigation also included My Vintage Baby, Inc. This prompted the DTC put a freeze on the MVBY stock limiting its trading ability as well as the ability to raise working capital.
My Vintage Baby, Inc. engaged legal counsel to represent the company in discussions with the SEC when this matter first arose in late 2009. In January 2010, the company learned that the SEC had sued Summit. The courts issued a final judgment against Summit on September 21, 2010. This does not at this time however, appear to conclude the SEC inquiry into My Vintage Baby, Inc.
On or about November 9, 2010, My Vintage Baby, Inc., a Florida Corporation, received notice of default from its largest secured lender, Agile Opportunity Fund, LLC, and their intent to accelerate and foreclose on their loan. Due to the lengthy process related to finalizing the SEC investigation of the company, My Vintage Baby, Inc. was unable to raise the necessary capital to continue normal operations and fulfill obligations the company was committed to.
My Vintage Baby, Inc. Class A shareholders met in an emergency meeting to explore possible remedies to resolve the indebtedness, including but not limited to pursuing all possible legal avenues to prevent the foreclosure of the loan on the assets of the company. The terms of the loan allowed for only seven (7) days to cure such default.
It was determined that there were no viable solutions within the time frame allowed to cure this default. In addition, the company was also unable to secure the capital required to produce the new line of merchandise for spring 2011, which would enable the company to continue operations after the fall 2010 line was sold.
The Class A shareholders, therefore, agreed to a peaceful transfer of the assets of My Vintage Baby, Inc. to Agile Opportunity Fund LLC, in lieu of the foreclosure and the termination of the company. Accordingly, effective November 16, 2010, all assets of My Vintage Baby, Inc. were surrendered to Agile Opportunity Fund LLC. Agile Opportunity Fund LLC now owns the assets of My Vintage Baby, Inc. which, in summary, includes the company name of My Vintage Baby, the web site of www.myvintagebaby.com, furniture, fixtures, the network of sales reps, Spring 2011 designs, equipment and remaining unsold fall 2010 inventory.
The Board of Directors of My Vintage Baby, Inc. is in the process of winding down the corporate affairs of the shell company of MVBY. For additional information, please contact us at investorrelations@myvintagebaby.com.
Subject ; What's going to happen?
Contents;
Regarding the announcement made on or about 12/24/10, I was just curious what this means for the stock holders. Will the holders of MVBY stock simply lose all their money when the transfer takes place, or will the stock only be changing names.
I'm kind of expecting to lose 1/4 of my total portfolio at this point, so I'm hopeful that I have just got the wrong idea from the announcement.
I would like you to know that I plan to post any response from this e-mail to the ADVFN.com community boards, especially if it's good news.
I have been invested in this stock for nearly a full year, and I am sorry to hear that the company is not able to pull itself out of their rut.
Thank you,
BB32
Has anyone sent an e-mail like this, and have they gotten any response? I just sent the above email to them about ten minutes ago. I don't know whether to expect a response or not, but I will post if they do respond in the next couple of days.
Well, Good luck everyone, I'm setting my sell price at $1 and I'll Check back in in a year or so. Good luck Ivan, I know you have a lot of money on this company, I still hope it turns out well.
http://www.otcmarkets.com/stock/mvby/quote - MVBY's pinksheet page
Ivan, the reason that the company needs to make all its financial reports on time is that if they don't then pinksheets can delist them onto the grey market, which totally sucks, though the upside may be that DTTC doesn't seam to control that market. It could take years to get relisted to pinks, especially with how this co seems to feel about their trading priorities.
Right now we are in the "Stop" category, soon we'll get a skull and cross-bones.
I hope that we get a report soon, but as per the company's usual, I don't expect them to submit them until a month or two after the year has ended.
Well, yeah, this sounds bad. I would suggest bailing out right now if possible. I'm gonna still hold on to my stock anyways though and here's why;
Currently there are 10 billion stock issued. About half or so is still restricted, so 5 billion is in the current trading market.
1.) Even with 5 billion in the open market it is hard to get anything at .0001, (I placed an order for $1,300 last week and walked out with only $16 worth at .0001 after two days)
2.) I currently own $900 worth. Even with a 1 for 1000 reverse split It would still have a worth of $9,000 if it hit $1 per stock (a x10 gain from current prices)
10 billion outstanding divided by 1000 equals 10 million, which I think is a workable size of outstanding volume when the company begins earning money again, even with DTC restrictions.
3.) If they did do a 1/1000 reverse split and the price reached .0001 again then the CO. could buy back their outstanding stock loan for $1,000. (10 million x .0001) Thus no outstanding payments that we have to worry about
So I say;
screw it, do a frikin reverse split and see where the cards fall. The worst that could happen is that the company fails and we lose money - What do you think we're lookin at right now?
(foreword looking and sometimes-hopeful statements. The company has made several statements this past couple years that they don't intend on a reverse split. To the best of my knowledge the company is currently close to the break even point but still slightly below it, meaning they still need to find alternative sources of cash, but this is also not fact-based/proven since they haven't posted end of year financials. They have cut costs by multiple methods including outsourcing and website sales. They are very behind on their financial statements, and we are likely to soon lose our investments if things don't turn around. I am only expressing my hopes, thoughts, and what I think would be best for the company, even if not for us the investors. I do not intend to buy more into this stock any time soon, but am willing to hold on to what I have even if it means losing it all - the possible benefits are worth it to me.)
Good luck to everyone here. The nail may be in the coffin, but vampires are tough, we still may see the dead come back even stronger than before. (And I'm not talking about stupid twinkling vampires, sorry twightards)
The trading fee was just zecco's cost for putting up the trade (Zecco.com is my broker) the fee was 4.50 added on top of the first trade in there, that's a direct copy of what my execution page said this morning, I just thought I should mention that the reason that first trade cost more was because zecco included their charge on that one. Hope that made sense.
I think everyone is doing what I have been and they're just holding on to what they have hoping that it pulls through in the end. I'm willing to hold on to what I've got for several years if necessary, I'm in no hurry.
I was surprised when I put up an order yesterday and couldn't get very much at .0001, I haven't been checking in very lately, but it seems like there still aren't many people willing to sell that low.
Good luck to all you cliff hangers out there. I look foreword to the next quarterly report with fingers crossed.
12/14/2010 09:36 AM $-0.05 Bought 500 MVBY@ $0.0001
12/14/2010 09:36 AM $-0.20 Bought 2,000 MVBY@ $0.0001
12/14/2010 09:36 AM $-0.10 Bought 1,000 MVBY@ $0.0001
12/14/2010 09:35 AM $-4.59 Bought 900 MVBY@ $0.0001 -zecco fee
I guess my order was next up on the list today, but nobody is selling at .0001 please someone sell at .0001, please.
I guess it's a good thing that everyone is holding out, but now we need fresh buyers willing to go higher. Trade restrictions need to go and MVBY needs to report its financials on time to move up in the pinksheets pecking order.
All these have been said over and over here, but just in case there's someone at MVBY who reads these boards, could you please hurry up?
any1 want to sell at 0.0001?
I have an order placed there if anyone wants to sell.
Yeah, there's usually a pretty big fall-off on prices directly after the dividend's EX DIV date, but it normally continues to fall for the next week or two before levying out, then it jumps again at the next announcement of dividends.
I'm personally hoping to get in again at around 0.76 before the next div announcement, but that is just my guess as far as the lowest price we would see before then.
The Div's are worth it in my opinion, from my average price in my portfolio I'll be getting about 15% yearly returns at this rate.
I don't have much money and am waiting on my bi-monthly paychecks from work each month in order to put any more money in my portfolio, but BMNM is my main company.
P.S.
I'm kind of slacking on my research at this moment, so I don't know how big of an impact FNMA and Freddy-Mac's drop had on them, so just remember to be wary.
Does anyone have an opinion about this?
Good Luck Everyone!
Stupid trade restrictions.
:$
Yes, that's it, we'll all blame eyes.
Wow, this makes life simpler. Everything is eye's fault. What a relief...
No, just kidding.
We all know how volatile this stock can be (at least I hope we do), and while eye's posts do tend to have a negative voice to them on average, would anyone trust a website that was all fluff and hype all the time?
perhaps we'll all be able to grab a little more at par value before the price jumps again.
Thank you Jvargo,
This is what I wanted to hear from the company. I kind of figured that they were a little below their original projections for the year, but this is better news than I expected.
And we get an update on how many representatives the company has hired.
On top of that we got a little hopefulness in that we might get sales (thanks to those representatives) that we usually don't get in the off-seasons.
I wouldn't go as far to say that we are in the clear, but this makes me SO much more confident in the company.
Ok,
Now I understand some of the frustration people are feeling with this company. They went through the expense of writing and officially posting something as small as a 2 second clip on American Idol where someone holds up a sign, and they completely blow off getting their financial statements in on time.
Which do you think would have a greater impact on investors;
1. Short clip of free advertisement (Unless they paid that person to sit there)
OR
2. Having the security of knowing where the company stands.
If they had posted financials on time I would have bought in with all I've got, even if they did show a loss, but now they are making me a little uneasy. As if a tiny snip of PR would distract us from the fact that they didn't post their financials.
Get it together MVBY, I'll still hold on to what I've got, but I really want to believe in this company.
Please
P.S.
Yeah, that was a good catch Ivan on seeing that clip, and it may help get the word out, but for the company to try to run with it was kind of pathetic. Keep up the good work Ivan, and good luck to you.
There was a scandal called a "Pump and Dump" that another company was conducting on MVBY along with several other companies, they bought in on these companies at very low prices and started to promote the company through email and other advertisement schemes in order to raise the prices. All of these companies were worthless at the time and were hemorrhaging money, but they told investors that they were awesome deals and that the companies were going to sky rocket.
MVBY and the other companies hired the company for some purpose or other right before they started doing this (sorry, don't remember why they hired them in the first place), but it wasn't really MVBY's fault or the fault of other companies involved. If you look back through the posts from I think 3-5 months ago you should be able to find the actual information, I'm too lazy to check all of that to get you the info. I just remember that MVBY came under suspicion because of it so their trades got restricted.
I was hopeful today, but my sell price is .0005, I'm not willing to go lower, I want that profit... maybe next time we see high volume I'll make it.
Ivan;
I think you'll have to break your order into several smaller ones.
I only own 1.2 million stock and I'm not selling them until the price hits at least .0005 or more again. (I think we'll see it hit .0001 several more times before the trade restrictions are lifted)
Good luck, I hope you get your purchase in and it works out for the best.
Does anyone have any good websites for free pink sheets level 2 stock quotes that will actually show MVBY?