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RSI reset, a bit too much perhaps, next leg up soon. test 1.72 again sometime today, break that and we should see +10%
That's a good way to never get filled. I'll pass.
Wipe out ATDF and they will chase shortly after
MM's purposefully delaying orders on the ask side to spur selling. Have had a buy order at 1.68 for the past 10 minutes for 4k shares and they have only filled me 301. They had PLENTY of time to fill me. Now it has downticked. The culprit is either NITE or CSTI.
One more attempt at 1.55 then it will either bounce or break
Calling 1.55 bottom.
Too many two bit flipping pond scum here heh. Yesterday's gains erased in 45 minutes.
Heh, I knew if I mentioned the support level holding that they would make an attempt to break it. I'm still holding cash, but goes to show someone is reading, I'll load the boat lower.
Nothing..?
MA50 at 1.58 is acting as support. Uptrend intact. 1.71 today.
Knowing there are people out there trying to kill any optimism, I'd expect an attempt at breaking it now that people are mentioning it on here.
Retards getting churned out, chasing expected.
Way oversold. Can't believe this dropped this far. I expected the new phone to not do so well, but wow over a quarter of share value knocked off? Ridiculous.
Daily RSI below 26.
Far below the MA200.
Largest single day drop in over 13 years.
HUGE gap down that will probably be filled.
Still has 74 million subscribers.
I will be loading the boat come Monday.
To the people on this board, PLEASE keep shorting.
Huh? Who was talking about liquidation? First, no one said they would be liquidated. If they were, I would be buying up tons of shares, because liquidation means we get a percentage of their total assets, which are in the trillions. Second, you just proved my point with the second question.
Q: Can the Company be dissolved?
A: Although the company can be liquidated as explained above, by statute the charter of the Company must be transferred to a new entity (FMIC) and can only be dissolved by an Act of Congress (the bill).
This is happening as we speak.
The answer to your question lies in what the term "winding down" means. Do you really think private banks will shoulder all the weight at once? FnF will be holding MBS for years but will slowly relinquish it as necessary. The capital adequacy bar will have to be lowered for private banks, I don't think giving them exemption is necessary in this case.
That's because they have no knowledge of life without FnF and they don't take into account that a new entity would replace FnF. Of course they will laugh, just like how people laughed when small cell phones replaced big ones, people thought smaller was worse. People will always shun anything that is a foreign concept to them, people are so attached to what they are used to that anything else is taboo. History will repeat itself, FnF will be wound down, and the people that laughed will get over it and adapt.
Put yourself in a politician's shoes. What benefit would there be to you to release them? Greed will be the end of FnF.
In 2011 the government had little reason to wind FnF down as there was still a large amount of taxpayer debt still outstanding. With taxpayers profiting on FnF in the coming months there is more incentive to wind FnF down, especially with the increasing pressure to reprivatize them. This is why Corker said during his speech "If reform is ever to be made, it has to be done very soon"
The whole thing is stupid, but that kind of stupidity is what our government specializes in. I'd be shocked if they did something that catered to the minority at least once while at the same time putting their political career and the potential for tons of money on the backburner. But there is just too much benefit and very little downside when you look at it from their point of view.
lol so glad I got out when I did. In @ 0.022, out @ 0.04. Might reenter in a few days after its sub penny
Yeah many of these players put on a mask when they post publicly, but their true colors come out when they start sending you PM's
It is a bad idea no doubt about it. When have the government had a good idea? I am not striking anyone or anything down other than the people saying the bill is DOA. Just saying people should take all routes a bit more seriously rather than shouting insane predictions.
The part that you are failing to understand is that while it may be crap to shareholders, everyone else that isn't invested thinks its a revolutionary change. And you know how much the government and its people love change do you? This "crap" is about to get very real and people should really start taking it more seriously. You guys are way WAY underestimating these guys.
If you look at the volume, it is clear that yet another hedge fund, or more, have exited. ihub money can't cause this drop, willing to bet it is someone "in the know".
Common shares are worthless. When have the little guys ever won? Big politics will wind FNMA down. Saying "lalalalal the bill is dead" could not be farther from the truth. It will get passed in one form or another. People thinking that "our economy would collapse" don't understand what "winding down" means. It means that they will slowly dismantle FNMA while at the same time monitoring everything to ensure there is no collapse, it's a rather safe process. The problem lies in the restructuring of a new entity, lot's of risk there but knowing our government, they just dont give a rats ass and will try it anyways since it will take them to the bank.
I know of at least 2 hedge funds that have exited already. Whatever, keep holding, no one is forcing you to sell or buy.
Marco IM and Ray & Assoc.
That information is old. After the recent talks, I'd be willing to bet that many have exited the building.
Hedge funds are exiting Fannie Mae. The people thinking this bill is dead, don't realize how stupid our government is. It will get amended and passed. If not this one, then another similar one. Politics are in control and they are unanimously saying that FnF need to be wound down. It's inevitable. Re-privatization with full assets is a pipe dream. The banks have won yet again folks. This doesn't mean there isn't value in FNMA.
Up 3 grand atm :)
Exactly, the longs that got washed out yesterday are so blinded by their loss that they can't even at least attempt damage control.
Instead here they are venting their frustration and further digging their grave by trying to scare new investors.
Average down, enjoy the upcoming bounce, and maybe with some luck you can break even. As for the rest of us, green days ahead, I'm up quite a bit at the moment, but still haven't been fully filled.
When a stock drops this hard, there is usually a bounce when a bottom is reached. I'm buying what I can today on any dips, problem is it's so thin that I will need a dozen dips before I get filled.
Higher lows, high highs posting on the intra day. Accumulation is happening right now, expect a bounce/run soon.
I agree, oversold.
HOD coming
This thing is so thin, you could see your portfolio balloon in just 5 minutes.
It will bounce and make some people money. Buy the fear.
So insanely oversold, lots of money here.
Huge bounce underway, ridiculously oversold.
Are you retarded? He is looking at the WEEKLY chart, you are looking at the DAILY.
This here folks is a fine example of the person dumping for a loss at 1.68
Ridiculous plunge, how can anyone be comfortable selling at 1.67 when we were at 2.02 just YESTERDAY. Nothing has changed since then, that's a huge margin to be selling for at most likely a fat loss, retards...
I hear ya but he's gaining followers with his BS just doing my part to stop scumbags like him.
Lol if you want to go that route, i had a gtc order to sell at $2 even since yesterday. After it got filled i place an order at 1.85 and also got filled. You should try not being a complete idiot. I feel real sorry for anyone that follows your opinion