Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Once it breaks thru 1.70, which it will,
clear shot to 1.85
Weeeeeeeeeeeeeee
It's a gaaaappppeeer!!
Weeeeeeeeeeeeeeeee
It went to $5.40 in 2 days!!
Just remember, the more bearish the sentiment becomes, the higher the stock will go. That's the way of the market.
Hahahahahahahaha
How many times has Cramer been wrong before?
Hahahahahahahaha!!!!
The first move was .30 to 1.47.
Second move was .80 to 5.44
Any guesses on the third move
1.50 - ?????
But the Gov't mandated the looser standards that put them in trouble in the first place then illegally put them in cship. And sold the banks sold them bad loans as per the recent BOA settlement. I don't think the Gov't will want to fight this case.
I'm wondering if the attorneys handling the case will be able to get an injunction preventing the Gov't from doing anything with the common shares until the case is settled?
The law suits would have come sooner or later. Makes no difference if Fannie is profitable again.
I've had good profits playing Fannie from the long and short sides.
Looks to me like it's time to back the truck up here and go long....Just sayin!!
GLTA
My guess a trial would be at least a year away. I don't know if this would be a jury trial or just heard before a judge.
Maybe some of the legal minds out there could tells us how the law suit against the US Gov't would be handled?
I think the Gov't will want to wash their hands of FNMA once this gets close to trial.
I think they will let the hedge funds buy their shares for $280 Bil as they want to now, and have a new IPO.
That guy is really smart!! Telling folks to dump shares now at 1.40.
Hahahahahahahaha
What other advice does that genius have?
If you like buying cheapies at .014, then you'll love buying them at .007!!
The big question is weather the Gov't will want to go through the expense and publicity of the law suit. What do they have to gain from a law suit other than huge expenses?They are making billions and billions now.
The law suit is a valid one and many top attorneys are saying there are very strong arguments in Fannies favor.
And the stock has dropped from 5.40 to 1.40 approx. That's 4.00.
A 50% retracement can occur at any time, and most likely will, which gives a short term target of $3.50. IMO
Nothing has changed since the stock ran to 5.40. The common shares are just as worthless now as then. However, the law suit makes a very strong case. With people like Ralph Nader now in FNMA's corner, the law could start helping the stock significantly, imo.
All the recent news releases, except for the lawsuit one, have been negative. If one positive news release comes out about the future of FNMA, FMCC, it's off to the races again.
The BB is the Wild West so the shenanigans will continue.
Technically, the stock is in a very strong support area. A break of the 50ma (1.37) would likely send the stock back to a 1.00 imo.
GLTA
Load up on the cheapies, folks!!!
It will be many years until the fate of FNF are determined. There is still no support for their survival from anyone in power. The law suit will take years and years to wind it's way through the system.
As of now there is no way for Fannie to get it debt off the balance sheet.
ALL profits got to the Gov't as a dividend.
The wild swings will continue. If u have a weak stomach, u shouldn't be playing around with this.
If you think this is a long term investment, you're fooling yourself.
RISK remains very HIGH here.
Who are you quoting? No one else heard that
Picking up cheapies here!!
BMSN long and strong
Can a company in c-ship be traded on the NYSE? Not sure about that
Low volume, sideways consolidation is the best thing that can happen to FNMA right now. Look at the chart...just preparing for the next leg up. Might be a week, might be a month. Patience, gents
Oh... So you're a philosopher too...
Hope you're a better philosopher than stock picker!!
Hahahahahahahaha
Exactly!!
She's fighting with 2. Gotta punch thru!!
Market down 125 pts not helping matters.
Market down 125 pts not helping matters.
Money Runners really bashed FNMA today saying it's worthless!! They're trying to get all their followers in cash for their new pumper!!
Opinions do affect the price of the stock.
But there will be no resolution to FNF under the Obama admin. Which means the stock will continue to have wild swings for the next 3 years or more.
I still don't understand why they would want to dissolve such a profitable company. They might have to change some things but dissolving doesn't make any sense.
Volume too light today. Trying like hell to get over 2, but can't!!
How am I a defeatist? I'm down 80% with this POS!!!
Hahahahahahahaha
There's plenty u can do about. It's called "cutting your losses", preserving your capital", "staying in the game". Semper fi
Meters for motorcycle taxis!! Hahahahahahahaha
There is a bridge for sale downtown!!
The fact is the Hedgies are making a huge bet that FNF survive!!
This is just as funny as it was a year ago; meters for motorcycle taxis!!
Hahahahahahahaha
IDVC - long and strong
Very soon Weeeeeeeeee
Has anyone actually tried the ice cream?
Load up on the cheapies, folks!!
Reverse split is coming. Beware!!
GLTA