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Conviction normally can only come from one place in my experience.
Just pointing out his view. Eh
Volume way too low to get excited about it. Maybe tomorrow
The gains are not as likely to hold
Not a recco
Solid volume actually
I don’t think they cxl common but I expect massive dilution
Not a recco
Hope springs eternal?
Yes! Great post for people who want hope on the 1000/1 shot! I hope that it wins the KY Derby! I bet “Old gray Mare”, is gonna run the race of her life! Although, if she comes in last, you probably still get 5x from here(maybe more)
Not a recco
Double treble is the word on the street. I think that’s what the “end is nigh” feller said. He said that I was going to get “double treble” fer me sins.
I ain’t no more worried about that feller than this “new feller” copying the old feller. But, I suppose they are all fellers and if they really wanner let the “big un” get away, it might as well be the preferred fellers to carry the blame. I mean, buy common, make 5x on my money and be angry fir life at jr pref holders.
“It’s like the gift that keeps on giving, Wink”. ;)
Not a recco but most of these fellers that been here a long time outta be good at knowing how it likely goes. At least those with the cajones to admit that risk mitigation and admission of not knowing everything is kind of what makes a great investor.
Not a recco
There is a path to warrant cxl and SPS cxl. It’s highly implausible, though. The government would need to voluntarily give up both. I don’t see it.
Good luck with your 100% common decision. You will need some given your expectations.
You should hang out with Patswil…
Not a recco
Well. It will be appealed. The good news is that they have already been at the appeals court in Lamberth’s case.
They sent it back on remand for breach of the implied covenant of good faith and fair dealing.
So we know what the appellate court thinks.
Couple that with Susan McFarland testimony saying that she told Treasury and FHFA about the DTA. She testified under oath stating she told Treasury 8 days before the sweep that a 50 billion dollar DTA was coming back in 2013 at a minimum. (It was 60 billion)
Not a recco
Technicals look terrible. Volume down. Price slumping. The lack of interest is apparent. Maybe it’s going to change in the next week or two but right now the trend is lower.
If we see it rally to 92 cents on heavy volume over 4-8 trading days, I would change my mind. The slow drip will continue from here until it doesn’t.
Risk/reward heavily favors preferred over common. I own zero common and plan to buy zero in the future (unless or until we know a share count)
Not a recco
Interesting take
“I will take things that take a long time for 200, Alex.”
Preferred have contract claims in front of the jury next year.
Not a recco
Yes
Not a recco
Eh. My undisciplined approach cost me $ on this due to my certainty when Calabria promised to end the net worth sweep in November 2020. Then waited for SCOTUS (wrong again)
We are all wrong at times. Who cares
I still think the trend is down until we see enough volume on two or three days in a row.
Doesn’t look close to done. I have no position in FNMA common. I only own preferred.
Not a recco
It is not looking good on the chart and the volume is anemic
Try again
There will be a time and place
Not a recco
Warrants never challenged
Don’t think so
Double boom!
Preferred price action was fairly good but not enough volume. Still may flounder here for a few weeks before summary judgment ruling. I was corrected, it’s set up for January instead of November/December.
Not a recco
No. It has been in a downward trend and is likely to continue until we see positive volume and price action again.
Trend is your friend. Avoid or short for now
Same with preferred, IMO. Preferred will be stagnant to lower in short term.
I own preferred shares and no common.
Not a recco and if anyone says that they are certain what this will do, they are lying.
Next catalyst is motion for summary judgment in Lamberth’s court. If we step over that hurdle, the realization of a jury trial starts. November/December expected for SJ ruling.
Not a recco
Maybe it’s happening right before your eyes. I mean, if a government can take a company expected to weather the storm and use it to bail out their friends…..
I guess we will see
Depends
CRT is not good risk/reward. It will hurt them more and more depending on volume
My guess is that they pump it up
Not a recco
I don’t know
Agreed
I already said the top was yesterday IMO
They are siphoning profits like Calabria said shortly after dismissal
This is a legal play, for now
Good luck
Not a recco
Feckless administration is siphoning the profits thru CRT and LLPA’s advocated by FHFA
Mark Calabria stopped the CRT farce
How’s L2 looking??
Yup
The drip will probably start at 82 zinc rounds.
I own zero common and plan to buy zero until we know a share count in 3/4 years or more…..
Good luck everybody!
Not a recco
Hi! Have not seen you post in a while. Hope that you are doing well.
Definitely a recco
There will be no uplist until they have a set plan in my view. It was delisted in 2010 almost 2 years after cship started. That was an adversarial move to discourage institutional investors imo.
Not a recco
There was significant selling pressure. Doesn’t appear to be Ackman. Likely American Funds
Not a recco
Unlikely unless we see a 1/20 reverse split. After 1/20, if SPS are wiped it’s possible.
Not a recco!
I personally thought that Mnuchin and Calabria would do it. I am certain that the Biden administration have no plans to do jack chit.
But I would love to be wrong again.
Lamberth’s up next for SJ ruling. As someone on this board reminded us. Once that hurdle is reached, we may see some positive momo on price. We’ll see
Common goes up and down more often and probably aren’t getting completely wiped so people will flip it back and forth.
I wish you well.
Not a recco
Could be American Funds but that’s just a guess. No clue.
Not a recco
Oh, people are keen on tallying things.
“Sounds racist to me”
-Sincerely, TBTF banks
The way of infighting and politics in regulated businesses is the worst I have seen. The Administration is feckless and yields to the revolving door of the banks.
You need to understand that this is not happening without a court judgment.
Not a recco
Could be
Interesting question. I have a feeling that this spikes again tomorrow and then we see it drop. We will see I guess
See my post from last week. I follow this closely and will change my mind based on the flow.
Not a recco
I guess
I don’t know and it doesn’t seem like this is happening until Lamberth’s jury trial is decided
7.6 million looks like retail excitement, not imminent release
My view
Not a recco
Not sure but the heavier volume last week was an indication
I posted as such last week
This stock is very predictable if you watch it enough
Not a recco