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Yup. Common on the run tomorrow likely again
I don’t want to predict how far but guessing it could go a ways
Not a recco
I own zero common shares
Not sure what you mean but you have been here a while
What do you think? I don’t know and have a zero common position.
It’s likely to run from past experience but I don’t know for sure
I own zero common and this is an opinion
Not a recco
Yes. Attack preferred shareholders who fight for the companies!
This is the best and only good strategy. Let me know how it works for you.
The reality is that common has a massive uphill fight. The dilution is likely.
Not a recco
Probably going to 90-92 pennies
I own zero shares because I prefer a different security.
It seemed to like trading at 90-92 pennies on way down. Last time it was 90 cents was around September 24th, 2021. Seems like long ago
I have no plans of owning common unless I know the share count.
Not a recco
Yes. I read it on Glen’s site. I was reading too fast and missed it. I had mentioned in several posts here that the FNMA common was not included but Freddie was included (previously). Thank you for correcting me because I would have kept saying it after misreading.
I appreciate it.
Then I misread the filing. Thanks for correcting my mistake. I will re-read it now
Good to see Fannie common officially included in class action as well.
He has been a beat reporter since before Maria Bartiromo and Joe Kernan/David Faber were. It’s just that he has been unable to move any higher than that. He seems to want to but cannot so he takes the frustration out on basement dwellers. Lol
Not a recco
I actually think it’s very oversold and I am bullish for now as opposed to the time after SCOTUS until now.
NOT A RECCO
I HAVE NO IDEA WHAT HAPPENS OR WHEN
I agree. The short term trend is now up.
This is a stock to rent, not own due to relative valuation. The greater fool appears ready to buy
Not a recco
I personally prefer any of the 50’s that pay a fixed dividend rate or have a decent floor. FMCCS, FMCCT, FNMAK, etc
Follow KTHOMP for the best value today on certain issues
If we win in Lamberth under “violating good faith and fair dealing” and get “expectancy damages”, they will need to pay full par plus of 5/6% per year simple interest since 8/17/12.
David Thompson discussed this case in October 2018 and is quite confident we would win this over Collins.
I like the chances in a jury trial. FMCC common is also in the class action suit going to a jury next year.(Lamberth’s court)
While this is not “cumulative”, it will be a big winner if we get a judgment and it survives the appeal.
Good thing is that the appeals court sent it back to Lamberth for this trial.
Not a recco
Yes, Bud. Let’s go on a lemming run. Who is the pied piper and where has he led us? Oh, is this is a Martingale strategy, now?
The bottom does not appear to be here, yet.
Not a recco
I was told 1000 once the treble, “give me more treble” was factored into the equation
Equation= Phenomenal logical numbers in gives the perfect 1000.
I have heard about the “garbage in”, perfect out but it was just Oscar the Grouch. He $h1& out flowers and ice cream among other delicious stuff. Ask anyone around here. They’ve seen his wonder.
So maybe 1000, maybe 500, 100, 50, 25, 15, 10, 5, 3, 2, .50, .30.
Who knows. If it gets to 30 cents, I think the downside is muted, then. Cause that’s where it was on the eve of the sweep.
Not a recco
Could be lower
It’s possible but highly improbable that this is a 20x.
Feels like 2010, slow bleed to 30 cents is what it did back then I believe.
I don’t know this to be true but maybe it is. What proof do you have and why are these pretend investors here?
In COFC, you can almost always only get monetary damages. Not sure what you mean by this post.
Plz show me examples where COFC ordered a release from conservatorship or something similar. To my knowledge, this does not occur in COFC
I doubt Berkowitz is buying common
Not a recco
He bailed in 2014 for 4.50….
You have every right to hold your heart however you want it. I have read your posts for years and have respect for the way you handle yourself.
I wish you the best.
You are not taking the warrants into account. If common is worth the penny as we all say, preferred are par. Why would the common trade at a 4x premium to the preferred. With warrants, the common mkt cap is 10 billion while the preferred mkt cap is 2.5 billion.
Which one expands faster in a reorganization scenario? I don’t know. It all depends on the details of the share count. That’s why it is a poor gamble in my view. You are vastly overpaying for it without knowledge of future decisions. Decisions unlikely to be impacted by the law.
Likely yea
So in bankruptcy, how much do they sell the warrants for? Lol
This argument doesn’t make a lick of sense to me. I guess you are allowed your own theory.
This article is from August 14, 2014.
Bruce Berkowitz owns zero common. Ackman has bought preferred. So has John Paulson, Steve Eisman, Richard Perry, and a few others.
The down move doesn’t appear to be over. Rallied on terrible volume before a bank holiday.
These are penny stocks now. Penny stocks are more volatile.
I don’t recall them being more volatile intraday than this.
That is a sign of illiquidity. The big players don’t seem to be exiting and the retail traders are making it volatile.
You seem bitter. Remember that we all die and when someone wrongs you, the anger(you feel)hurts you.
In situations like this, they often don’t just “end conservatorship”, they restructure.
Bitterness only rusts the heart. I wish you well and good health. Screw those people, they don’t care.
Make sure you understand the probability of each scenario. I put the probabilities on a release without a reorg and capital raise at less than .1%.
The government took the money. It’s(money)not coming back in my view. I’m not saying it is fair. I think we can win in Lamberth. Absent that, we are at the government’s mercy. So pray.
This is a recco
Don’t convert. Not sure how you issue new common in a utility model with no common dividend
Seems a little like the great hope before total despondency.
Good luck on the common
No idea but the trend is still down
Should get a relief rally to at least the mid 80’s but it can do whatever it wants.
The government has total control over the common outcome. Unless there is some strange court win that I can’t know of.
The important cases now are money damages. It’s clear(to me) that the administration is not strong enough to handle this in 3 1/2 years. They don’t want to help low and middle class. Not a priority.
Not a recco
Apparently! Lol
I enjoy your humor and levity in general. This is a short term gig on this planet. I prefer to hang out with people who are “virtually cool” most of the time
You seem to be one of those.
Anyone who tells you anything about what is going to happen with certainty is not being honest with themselves
I still think this works
Not a recco
We can do a virtual fake dollar bet. I think the lows have been hit but we will see
We can bet a virtual dollar paid in luck! I have no idea what it does
I thought we would win SCOTUS
So, you are correct. Most thought it even though the price said we had a lower chance.
We’ll see what happens
Shakalaka
Zero until we can reasonably assure what the share count will be.
This is like gambling for fun instead of speculation in something that is highly correlated and has a defined 10x/17x upside.
So, bottom line Monty Hall:
I’ll take the 10x investment chance vs the curtain with a question mark on it. It might be a donkey but maybe it’s a one year world tour. Good luck with your choice.
We’ll see