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Still price today, bid is sizeable at 6M once the ask starts getting hit the pressure is on, I expect a bounce today.
Inching back up EOD bounce plausible.
The stock got clogged up after the second run topped off which is probably the reason volume dried up, I think shorts bit off a bit more than they could chew though - bid whacking was unsuccessful. The big sells got bought up outside the bid.
I'm expecting another run up tomorrow morning so people will be itching to get their hands on shares today.
BBDA BBDA BBDA
BBDA heating up
BBDA on the move again check it
BBDA micro-cap back on the move millions profits growing fast
BBDA momentum building huge run upcoming
BBDA back in action
BBDA micro-cap back on the move sexy chart
BBDA warming up
BBDA on the move
BBDA back on the move
$BBDA loading up for another 1,000%+ run
BBDA moving back up it's been a long time coming.
Stock has been trading in a tight range for a while now, a lot of new short-terms on board for the break out I presume we'll see if lines are opening up hedges to shake out FNMA or if a break out is coming on.
I was expecting a break out on Monday but the delay on it has given me reason to believe the price might shake up.
Volume has gotten quiet. That could be a good thing or a bad thing, I am in no position to determine.
Company management is more responsible for this, not the government giving them the ability to practice high risk behavior.
Even if the government set them up to hijack them (plausible scenario considering the enormous clout the executive branch possesses) management and the controlling shareholders are still responsible for actually MAKING it happen.
Government allowed it, the company did it.
The company is in better hands now considering it is still "too big to fail". Most tax payers wouldn't want that enormous risk re-introduced into the market in my opinion. Government owning the companies essentially removes risk of bankruptcy which still exists.
I see you. And no because the demand is too strong for even naked shorts to suppress.
There are billions looking to get in at these prices, keeping it quiet because they know if they buy too quickly this will break out.
A small number parties could come out of this with nearly all the commons and the ones who sold heavily banking on the government selling their preferred shares will regret it. By then the price could be well over $10.
All talk, I don't think these senators, etc. are capable of getting the government to sell off the companies.
I expect the majority is on the side of the free market not getting their hands back on the most dangerous "too big to fail".
I expect these lawsuits, etc. will just be shrugged off by the government at least through Obamas term.
If a company is too big to fail then why would the government return it to the same hands that are still capable of failure? Capitalists surely won't accept taking massive losses to rescue the company if this were to happen again. That would be bad business and greed is a very predictable creature.
Do you think the majority of taxpayers would rather keep the "too big to fail" corporations in the hands of government where risk is eliminated, or returned to the free market where the risk will be exacerbated.
The wise course of action would be for the government to size the company down through means of returning all profits to the treasury and continuing to own the risk until the company is of an appropriate size and inherent risk to be returned to the free market in its' entirety. This would allow for more competition. There is no need for a national monopoly on mortgages.
Shareholders from before the collapse of FNMA are the ones who financially endorsed the companies crisis holding the entire countries finances hostage in the first place. Why do they need to get repaid? They took the risk by buying shares. It was a free-market company. Their shares should have been worthless. The taxpayers took all the risk stepping in and buying the company.
I don't ask for the government to cover my on-paper losses because of a companies self-made catastrophe.
I look at this the same way, profits should rightfully go back to the treasury to alleviate the burden on tax-payers.
The company needs to be sized down anyway if ever to be sold back to the public.
It's funny how people are all the sudden making an effort to have the government sell their stake back to them now that they are making huge profits.
If the companies were still in the red you could rest assured there wouldn't be lawsuits going on about the government ownership of the company.
The government bought the companies because they had imposed a large risk on the market simply by their existence. Don't expect the government be quick to let them go right when they become profitable. Giving private capitalists another chance to blow up the companies balance sheets to strip an excessive amount of profits from the company is not something the government wants to see happen again.
The problem with Fannie and Freddie were they were TOO large... Being profitable isn't a good enough excuse for the government to allow the companies to get even bigger.
Fat chance the government sells their stake, the people pursuing this are probably just wasting their time and energy.
If this does work out and the government sells their hundred - billion dollar stake that would fit into my prediction of the market correcting this year. All that money has to come from somewhere which could attribute to another stock market crash. I still don't think the government selling their stake within Obamas' term is the best path.
I doubt the government will sell their stake this decade but this trial could be interesting. It depends on how the government handles them. They could just be shrugged off or kept in court fruitlessly for years and years on end.
Honestly everyone might be better off if the government continues to hold this company.
I'd like to see it, put some movement in the FNMA chart give traders something to bite on.
Clearly demand is strong, if it keeps up we'll break out soon.
Weak start to a week expected to be a bit more exciting.
Critique me all you want but the point I made was blatantly obvious.
No need to waste everyones' time with another wasted post.
Government owns most of the preferred stock therefore it owns the company. We can argue about terms and definitions but I am not a lawyer and don't have a care for using the correct legal terms on Ihub.
Very nice.
Could be but whatever happens you can rest assured commons will be treated fairly.
We will see, I think 10 years from now it will be a fact that FNMA still owns a controlling interest in FNMA.
I think you're a victim of your own delusions on this topic.
The government already owns FNMA. So this means they clearly can continue to keep ownership of the company.
The constitution is not explicit on a special case like this as far as I know.
Where in the government contract was that explicitly banned?
I think you're making things up.
If you're planning on bringing up the constitution please spare yourself the effort.
I don't think FNMA will ever be turned private. The government will always own some shares which means it will rightfully be public - indefinitely. IMO.
What's against the law?
Right on afxm. If I had to bet on the outcome I would bet that the government simply holds FNMA for at least 20 years and continues to reap the dividends.
It's only right the tax-payers see some return on their investment instead of dishing it out as soon as it becomes profitable again.
YES! Great post. Glad to see someone wise posting honest perspective on the board.
People will try to fight to take FNMA back but there is no reason the government should sell their stake. Their principle has been re-paid and clearly they are doing a good job of managing one of the largest asset holdings in the world.
They will make it seem like the only reasonable thing to do is sell FNMA but in reality the feds will likely just shrug them off.
Right I'm going to double up if the buying keeps up. I expect I'm not the only one.
And all this volume and gain is going to bring a lot of eyes back to this ticker.
CMGR has a lot of potential, finally getting realized.
You see the market cap?! Nearly all the free-floating shares were probably traded yesterday. This is a great setup.
Also the 2 guys running the country look legit. I am usually a pretty good judge of character based on peoples faces... The operations are clearly very legitimate.
I think this one is going to blow up. Solid company good amount of awareness for a micro-cap. Many people may be very impressed by this months action. Monday should tell a lot.
Some people want more shares than will be sold at the bid...
Or they don't want to miss out...
Or they are willing to average down to .00035 and get their .0004's instantly.
What's a 30% difference in profits when you're aiming for 100%+.
This is how a lot of people think with micro-caps, they buy with their "leisure" capital.
Good bet big upside limited downside, looks to me like we bottomed out.
I figure MM's gotta be getting antsy to take it back up by now, selling pressure has died down a lot.