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Wrong again! Legally no shares can be sold until 2014. At that point BCAP won't need to IMO. There is beast in the making here. Watch and learn.
I'm with you blue. I know your dd is solid. I have made money with you and BCAP will be no different.
Audited fins coming! Bank on it!
Nah, Matt's not selling anything. The only ones trying to sell something here are the ones selling false information, AKA, "the stinky cheese".
Proof: BCAP longs have held on to shares with a tight grip despite rhetoric and through a long drought of information. Long but not forgotten, as we can see more and more shareholders coming back around to see what's doing here.
Expect short crushing and dramatic rise in PPS in the coming weeks here.
While some folks spent their whole summer thinking of clever anti BCAP tag lines in their mum's basement, BCAP insiders have been planning their work and working their plan!
$BCAP!
I can't believe there are people still making excuses for the big red turd.
Maybe you have not been here long enough yet. In almost 2 years the fat red Jolly Roger has been flying over RIGH. The rest of the pot sector continues to grow and mature. Many are making money and helping to craft the legislative policy that governs this industry. But fir that same period of time the bloated red faced Captain Suckhard has been absent. The website sucks and there are no users. There are no products. There are no sales. There is no communication. California is doing $18 billion a year in legal pot sales and RIGH has a 0% market share.
Lots of god that will do.
It's a dog and pony show plain and simple. All of this doe see doe and changing partners is all part of the show. The idea is that if they confuse you enough you will react like the sheeple they expect you to act like and sell out of fear.
Now turn to your partner and take a bow.
Maybe they will pull out the mechanical bull again like they did on Mon and Tuesday. That shook some simple Simons now didn't it?
It's a $54 book value stock being led around DC like a gimp at an S and M party. They are working for their bowl of goulash. They will re hash and spoon feed that crap to all wide open mouths waiting to feast on their poop.
Load the boat and then go do something else for a while. When you come back you will likely be very rich. Feed into their bs and you can watch them become much more rich.
Or not. Aaaaand I'm out.
Better link.
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=5&cad=rja&ved=
0CFAQFjAE&url=http%3A%2F%2Fwww.huffingtonpost.com%2F2013%2F06%2F20%2Fmel-wat
t-confirmation_n_3475273.html&ei=FpPMUZz8G4qc9gTVqoGABQ&usg=AFQjCNG0MMMj1VIH
43JQoaVG7RlxUr8YJw&sig2=CD3wxN-AaO9SHay-Iu2LPQ
That's not good. It's a Huff post article referencing Watt approval as a win win for WH.
He is as fit as any for the job. If anyone on capital hill knew how to do anything but lie through their teeth they would admit that the only opposition to a Watt nomination approval has only to do with philosophical and ideological differences. On with the circus!
Win win for WH if Watt confirmed.
http://www.huffingtonpost.com/2013/06/20/mel-watt-confirmation_n_3475273.htm
They can't refute this,
"But in the Housing and Economic Recovery Act, the House and Senate
authorized the creation of the FHFA and provided clear statutory directions
on the role that the FHFA will play in the interim to help get from here to
there. That statutory role directs the FHFA and its Director to carefully
and prudently "oversee the prudential operations of each regulated entity"
through the transition in a way that protects the interests of the taxpayers
and to make sure that each of these entities continues to "foster liquid,
efficient, competitive and resilient national finance markets" in the
meantime, until decisions are made about how housing finance will be done in
the future. Acting Director DeMarco and the FHFA have followed these
mandates effectively and I applaud their work.
I want to be clear about my role and the role of the FHFA under my
leadership should I be confirmed. The Housing & Economic Recovery Act
clearly defines the role of the FHFA and the Director. And, if confirmed,
you can be assured that I will rigorously follow the statute in an open and
transparent manner working with all stakeholders. You can also be assured
that we'll 2 continue to build a solid bridge from where we are now to
whatever you decide the future housing finance system will be, we'll
continue to test risk-sharing models that move housing finance aggressively
to the private sector and we'll cooperate fully and be a resource to members
of the Senate and the House as you decide the future of housing finance."
Yup as my deleted post pointed out earlier, the show will go on.
Longs are on deck and shorts are about to get struck out.
Heavy hitters coming up in the order too!
You are making too much sense for that ne'er do well to understand.
Your last several comments are spot on and no one on this board, in congress or wherever has yet to come up with an answer that doesn't carry a devastating effect on the overall economy.
The who proposal is akin to, " we assumed too much risk operating a successful business so now we are going to just close up shop". Great, you sure did eliminate risk....by eliminating any chance for profit or income or growth or anything. Talk about deflation, we will go into full depression and 20% plus unemployment will seem like a favorable number.
These gd tards are really something to listen to!
$FNMA!
They can't. Not without raising rates to ungodly proportions.
And that would only cover new loans moving forward. The $T worth of existing loans would still preclude them because they don't have another source of capitalizing themselves to meet this requirement. And if they did, why would they commit that kind of capital to such risk? No way it's going to happen.
And even if some portion of that fantasy were to come true, how again is that remotely healthy for the banks or the overall economy when the proposal on its face will effectively reduce the gross number of transactions on real estate that the result would be a greater than 40% hit to the entire industry that will continue to trickle down to every facet of the economy. Lets us all remember that construction contributes to over 200 separate fields of manufactured goods and services.
This whole god damn thing is a charade created by numb nuts and sold to dummies that don't have a frigging clue about their own personal finance let alone the economy of a nation.
All you negative sheite eaters can bring it back to $.50 if ya want because there are plenty of us waiting to load a fleet of cargo ships.
Keep flapping. At the end of this charade we can see who's pecker is actually bigger.
$FNMA
Right on time. Does anyone else find it a coincidence that this news is being dropped on the same day of a highly telegraphed and soon to be rejected bi-partisan f and f reform proposal?
Seems like this article plays right into the transfer of blame game, doesn't it?
Oh the shameful banks, the right hand gets slapped while the left is stuffing its pockets with the proceeds of the "deal".
$FNMA is going to go super sonic!
Ding ding ding. Transfer of blame is in full steam ahead mode.
Polititricks 101- how to do nothing, while saying nothing, but stay in office anyway.
Mom may be a murderer but her babies love her anyway, this is how bleeding heart Reps and Dems toe the party line. The tricksters wash their hands and use the banks as a towel to dry off. And why not? The banks have been complicit from day one, yes they get a public thrashing, ( but they aren't going anywhere, oh and we already don't like them), but the banks don't care because they are sitting on a mountain of Publicly salvaged REO that they will be delighted to dump back on the housing market at much higher rates. Any loss they take in court, any rap they take in the media, they will be laughing all they way....er..uh...home? (To the bank would be too cliche right?)
$Fnma
Yes. Most people know about it for sure and anyone who frequents this board knows as it has been repeated, discussed, digested and passed on as a non issue with no chance of being passed.
As you pointed out, there have been other proposals presented and yet....still there they are. This is a charade! It's been an ongoing government orchestrated charade thus far anyway, but the pressure cooker is getting hotter as profits and public awareness are in high gear.
IMO all proposals thus far have been for selling the rouse to the public. Now there will be one of two things done;
Perhaps a clever tact that absolves the politicians of looking like Salem witch hunters whilst transferring liability to the soon to be very profitable banks? Yes, probably. Or stacking class action lawsuits, and civil rights violation charges in federal court that will be great during the 2014 election year for both parties as the mud will surely fly? Oh yeah, and the potential collapse of the entire economy to boot. Am I missing something?
It's very arrogant of someone to assume that anyone needs their hand held here much more so by self appointed and delusional prophet. Thanks but I will keep my "profit" instead.
$FNMA
Whenever that guy posts I imagine him with feces all over him, just a gross image. Then despite whatever ignorant and obvious agenda he has I don't feel compelled to reply.
It works like that with children, or those with childish behavior. They crave attention like a heroin addict needs smack. So just shut em down by ignoring their noise.
$FNMA
Barney Frank? That's your go to guy? Lol! Might as well have been Barney the purple dinosaur. Both have about the same grasp on reality. May your humiliation be swift!
What you think and $5 still won't get you a cup of coffee at Starbucks there Chromeo. There are already at least two class action suits in federal court that represent shareholders. There will be many more if even a hint of what you suggest is uttered. I'm not sure what you know about politics but watch you will, learning however is not guaranteed.
You are too funny. You run around shaking your finger at everyone while yelling, "the sky is falling", while they consistently stuff their pockets with profits.
Your posts are juxtaposed against a stock so easy to profit off of that, "even a caveman could do it". Now there's your lol moment! Lol!
That's my take on it. They don't win for losing. Plus for many in the US maintaining a political view is akin to siding with your mom even if she is an axe wielding murderer. She may be evil and all but she's still your mommy so you look for all opportunities to see the good in her. There is growing pragmatism but for the drum bangers this is what the politicians need to do to save face with their staunch supporters.
At the end of the day they create a sacrificial lamb to offer up to their constituency so they can be re elected. The lamb here will be the banks.
But the banks are ardent supporters of both parties just like beltway hooker's aren't they Cash?
Yes, which is why there will be a nice fluffy landing for them when they can resume lending at higher rates due to the improved economy. And since they got a pass on all that REO they have been holding they are going to bank as they begin filtering it back into the market at the higher rates in years to come.
The game is rigged but that doesn't mean you can't win.
The news is rigged but that doesn't mean they aren't saying something.
Oh yeah, and sometimes good guys don't wear white!!
Lol! Go $fnma!
Lol! Right. Cramer should offer a caveat at each start of the show, "do as I do, not as I say".
All the reports say that principle reduction is less expensive than foreclosure costs. And for good reason. It costs on average of $30k per home for the bank to deal with the REO.
Factor in the fact that the banks have been working with the gov to kickstart this economy by NOT dumping all of that REO into an ascending housing market and recovery.
Banks and gov should prevail as per my recent post as having shirked blame and responsibility in favor of how public will receive thm based on the next move.
The gov gets to say, we misunderstood sorry.
The banks get to say we were bad but here is some money go out and do something with it. Then they will start to unload REO at higher rates while limiting downside on existing loans with forbearance and principle reduction.
And f Kramer. That traitor is in the gov bag. He was touting bonds after yesterday's sell off. What a obvious pawn.
Follow the smart $. You are right on ding ding ding ding.
What a joke, powers that be set the people up like bowling pins just to knock em back down.
From a political perspective that is very interesting. On one hand you have the Democrats that created F and F for the purposes of creating home ownership for more Americans. On the other hand you have the Republicans that historically would fight for the rights of the private corporations like F and F are.
Both seem to have a dog in the fight as F and F are both private and yet GSEs.
But then there are those pesky laws that were created that despite the crooked and self serving interests of both parties can not be over looked.
I'm not the biggest fan of attorneys and their typical self serving interests but in this case the attorneys representing the shareholders of F and F in federal court against the government are like the Cavalry coming over the hill to save the settlers from the Indians. These laws are very clear and the rules of the c-ship are very clear. Case precedent is also very clear which the FHFA itself has had a hand seeking while filing suit against the banks for selling bogus paper to the Gov backed GSEs, ruh roh!
Right now, all longs in F and F are golden! The current period is like when your best friend as a kid invites you to come to Disney World with his family. You know you're going to have a great trip......after your friend and his brother are done fighting in the car for 4 hours!
$FNMA!
This am they said the years worth of gains. Lol! And that was after the fed said economy was improving. Lol! Americans....so silly, interest rates are rising, oh my, the financial stocks will be more profitable but I am a frantic wreck...sell everything!!
Home starts are increasing! Sell everything.
You too! I am stoked with confidence here!
Oh did I say that out loud? Lol. $FNMA leading the way for the waiving of the false flag...
Enjoy!
"I'm affraid of Americans". Too funny.
I'm not really complaining. I can go do other things in the mean time to make money. I, like many others, am long here since sub $1. The sideways trends have been a gift for anyone who sees the legal side of this being won in favor of F and F.
The politricksters have already begun their back peddling away from the wind down approach and the political gamesmanship to save face with constituents is well underway with the bi partisan Reed proposal. They are going to eventually say that new evidence has come to light that has changed their perception of blame of F and F in the meltdown. The banks will shoulder the blame but only as interest rates start to rise and they release their grip on lending. This will make it easy for the govt as they will have a scapegoat for the crisis and not so bad for the banks as higher rates and a loosened grip on lending will make them profitable and hard to stay mad at while they are handing out loans again.
These sideways trends at these low levels are a gift for those who can see through the mire.
This is one time I am grateful for the ignorant and impetuous nature of most Americans.
Castrol GTX Italian oil money here today too, Buona Fortuna!
I have not. Others perhaps, but for my knowledge this is an anomaly. It took a perfect storm of market conditions mixed with a special kind of political hubris to create this monster opportunity. Companies with assets and profits like fnma typically don't find themselves living in the ghetto of the OTC, they don't ever even stop to visit. This is unique.
The good news is we are here and paying close attention. This will continue to make people very wealthy for some time to come IMO.
I was fortunate to get Blue's call well under a dollar months ago. Since then it has allowed me the opp to take profits and add more. My goal here has always been to accumulate a good long position for the ultimate goal of seeing fnma fully restored. I always hold a % of my core position of shares as long while designating a lesser amount to sell in order to recoup my initial investment in any stock. Who knew this would have such wild swings? Given that it has it has offered many of us the opp to rinse and repeat this strategy. I am very grateful it has gone this way as I haver never doubted the anticipated long term restoration. The key to that has been reading up on all the historical and new dd related to the stock. At no point during a declining PPS period did I ever doubt the eventual outcome here.
$FNMA
I have enjoyed your posts and topics as well here lately. You are on the good foot.
Lets all continue to bank on $FNMA!
So very true. We all know these people. Some of us at one time were these people. The thing is that unless you are a glutton for punishment and a financial masochist, bumbai you learn!
Great investors and traders know the public is an emotional loser with no skills for dd. it's no different than thinking they can sit at a poker table in the casino in Vegas just because they play cards on Tuesday with their drinking buddies. The pros in both arenas make their bones off of these guys every day.
What happened to the trend where new traders were reading "The Art of War"? Folks could do a lot worse than learning to understand some basic principles in psychology as it is disguised in just about everything we do.
GLTY
Go $FNMA
I won't answer for Blue but I'd like to make a comment. Charts tell you about past performance. Folks use this to try and predict future performance. The only reason it generally works is due to some key factors.
1) they tend to work during periods of neutral static, meaning when no news good or bad can mitigate the outcome of a days trading
2) they work because the people who use them desperately need to make sense of things and provide rules for that which generally defies rules. This is as human as any human flaw, to seek patterns, such as in lotto numerology.
3) they work because others have bought into the idea of using them which has created a wag the dog scenario where the dog, (the stock PPS) is wagged by the tail (tm traders).
4) tm traders need this during these information less and news less periods where other pps moving variables are not there. This allows TRADERs, (those who don't hold onto stocks) the opportunity to seek a pattern within a selected time frame to look for entry and exit conditions that suit their trading.
5) this does not work when a stock is in a state of flux due to mitigating events such as news releases, industry events, national crisis, etc... Any newsworthy event can and does causes stocks price to behave erratically and defy the TA historical data.
6) this can be viewed as market manipulation. Case in point, the recent PPS spike to $5.44 in fnma. After the spike and the sell off the stock did temporarily stabilize over $3 but was then systematically walked back down over a period of weeks, why? Because TA traders HAD, (in their minds), to fill these imaginary gaps in the PPS.
There are no rules that say that these gaps must be filled. They are observations that allow for manipulation and therefore create an opportunity for volatility which creates an opportunity for profit. The recent example worked because there will always be foolish and scared people who enter the market with nothing more than a buy in $ and a tip from someone or the media or whatever. Without proper dd they can be easily enticed into losing money out of fear.
7) when fnma resumes the move up towards its real and intrinsic value I will guarantee that you will not see any gaps filled in areas where it is perceived by traders that a gap was opened. You won't see this because with news the stock automatically is restored to its full book value at a minimum. After that it will trade on future value based on perception until such point as the Dow Theory resumes and all past, present, and future events are baked into the price as dictated by the overall market.
8) at that point traders will re enter and another phase of TA trading may resume to provide liquidity during major news drought periods.
I don't doubt that when used at the right time TA can assist traders and investors in selecting more opportune moments to enter or exit. But these are trends not laws or rules. When a stock moves on fundamentals and news TA becomes invalid. In fact I would not be surprised at all to hear a TA trader confirm this notion and use that as a marker in their own evaluation of TA markers.
Essentially very few people can say that they always and only do one thing i.e. day trade, swing trade, momentum trade, go long, go short, etc. Som skilled folks do it all and know when to do so.
At the end of the day we all react to the collective emotional reaction of the market at large. Being as such and humans being emotionally unstable that's where the opportunity to bank is created for those who's only rule is that there are no rules and much like a fight must be ready to adapt to the conditions as or ideally in advance of the collective consciousness of the public.
This is a thinking mans game for those who make money every day, not just on runs up or down.
No one is "buying it" is true because as DLC mentioned, "no one is selling it".
You can say or believe what you want, that won't make the truth any different than it is.
$WAFR- holding out until there is a good reason to sell.
Has there been any change in anything since you began your drum banging campaign?
The is a lot going on at FNMA, FMCC.
There have been many events effecting the share price, some of which are illegal.
You are no savior looking to help the poor ignorant investor. You are a rather transparent liar looking to shake shares.
There is plenty of value here. In fact the market has upgraded the value from under .30 to over and back to where we sit today. And why is that?
The answer is that just because the government does something does not make it right or legal or just. In fact due to things like; the profitability of the company, the discovery that has been made available from court proceedings, and the new and unfolding evidence produced in newly opened lawsuits the "value" in FNMA appears indeed to be growing.
Someone mentioned the Dow theory last night. The Dow theory in this case postulates that considering the book value of the company, the present c ship status, and the emerging news that challenges the legality of the c ship and the govt ownership of shares that the current price has these variables already baked in.
And while all of that is true there is also TA that provides historical market data to predict current pps fluctuations.
And while both of these are true there always remains the chance that new and unannounced information that can have a profound effect on pps can come forth at any moment especially in consideration of the current wave of enthusiasm over the two GSEs profitability.
So, to be clear, yes there is value in these shares. Not because I say so or because you don't but because the collective market says so.
I'm not sure how many folks you think you are dissuading but I can assure you that anyone that has reacted to your sentiment holds no significant position if they can be fleeced of their shares by your unsubstantiated claims.
$fnma.
FFT: " If the markets were truly pricing in the actual future information, prices would have no reason to move. But because that information and therefore prices, have variability, technical analysis seeks to apply studies to that variability in the hopes of gaining further understanding and potentially even another modicum of certainty regarding the expectation of the future. For instance, if today's expectation of home sales was far lower than the actual print, prices cannot have already reflected the bullish data before it became available. But the expectation of the lower number was priced in, and the reaction of the actual number became priced in when the data was released."
$FNMA!