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I am long too!
Take care - gbit
Agreed. Could risk lawsuit if he dumped all his shares. Guaranteed he would not be that foolish.
Yay! Nice to see it bouncing back!!
I have no new information. Last I heard was that this Friday's meeting to testify was postponed.
Any updates on when Bernanke will testify on AIG?
Any updates on when Bernanke will testify on AIG?
That is awesome...Thanks Dr. M!!
Ouch...why the big drop in pps today?
Excellent Article!!
Not yet...I don't think
Agree with you, Z. KylieM, we have seen so much manipulation by the press trying to pretty much guarantee that FnF are going to be liquidated which is false. It is true that none of us (posters, pumpers, bashers, Congress, Prez, the Press, etc) know exactly what is going to be the final outcome. There are still too many variables at this point.
I highly recommend you personally review Obama's recent speeches and Q&A times and post his exact quotes where he states that FnF are done and will exist no more. You will not find it. Do not rely on the manipulative news at face value. As has been posted before, all the speeches, bills, and news articles are all smoke and mirrors and political posturing in order to begin the negotiation process to ensure that each group can get the most out of what ever deal is finally sealed. If there was a clear answer, they would not use intentionally ambiguous terms like 'winding down' and 'turn the page'.
Best to you.
Data from last run:
For those that missed this on Fri...
Last earnings release 5/9. Dip on first two days of earning release. Then following week things changed dramatically. We did not see the volume go over 100m until 5/15 (the following Wed). The $5+ peak was not seen until 5/29, 20 days after earnings release.
Date___Open___Close____Volume
5/9____0.99___0.87_____74m
5/10___0.89___0.88_____16m
5/13___0.89___0.95_____28m
5/14___0.96___1.20_____82m
5/15___1.25___1.42_____129m
Big surprise! Manipulative press doing what they do best...twist words, manipulate and sell the fear. Nothing really changed in that arena and they will continue to do so for the foreseeable future.
LOL! Did not know all that and I def have no where near that much money. Just playing along and being silly with J's opposite day...a day filled with fun and folly as pumpers bash and bashers pump.
If I ever reach the $1m+ in my account I will keep that in mind.
Just shorted 1m shares for 0.01 cent. I AM GOING TO BE RICH!!
Ahhh...the sky is falling...run...run...run away!
Data from last run...
Last earnings release 5/9. Dip on first two days of earning release. Then following week things changed dramatically. We did not see the volume go over 100m until 5/15 (the following Wed). The $5+ peak was not seen until 5/29, 20 days after earnings release.
Date___Open___Close____Volume
5/9____0.99___0.87_____74m
5/10___0.89___0.88_____16m
5/13___0.89___0.95_____28m
5/14___0.96___1.20_____82m
5/15___1.25___1.42_____129m
Doh...yes, you are correct. Not sure what I was thinking. Corrected. Thanks!!
Data from last run...
Last earnings release 5/9. Dip on first two days of earning release. Then following week things changed dramatically. We did not see the volume go over 100K until 5/15 (the following Wed). The $5+ peak was not seen until 5/29, 20 days after earnings release.
Date___Open___Close____Volume
5/9____0.99___0.87_____74m
5/10___0.89___0.88_____16m
5/13___0.89___0.95_____28m
5/14___0.96___1.20_____82m
5/15___1.25___1.42_____129m
Look familiar? Just saying...
Last earnings release 5/9
Date Open Close Volume
5/9 0.99 0.87 74k
5/10 0.89 0.88 16k
5/13 0.89 0.95 28k
5/14 0.96 1.20 82k
5/15 1.25 1.42 129k
Volume will likely start to dramatically rise next week IMO:
Agreed. And I too am long!
Best to you!
Sincerely, gbit
Yes...definitely a win. Settlements are an attempt to keep the negative news from the public and keep the $ numbers low (or quiet in some cases). Clearly the banks are guilty otherwise they would be using their highly paid lawyers to fight this.
Is any specific news anticipated?
On May 9, earnings release. On May 29, the Corker Bill propaganda came out.
When will we hit 100k+ Volume? Next week?
Keeping things in perspective...I know everyone is frustrated at the recent lack of PPS movement, Obama speech timing, etc; however, the last run's timing may help provide perspective.
If my dates are correct, the FNMA Q1 2013 earnings were reported on May 9 (Thursday). We did not see the volume go over 100K until May 15 (the following Wed). The $5+ peak was not seen until May 29. This may help shed some light on how long it takes for news to travel, people to free funds to invest, etc.
Although we were all hoping for a quicker pop with such great earnings, I am still hopeful that time and positive events are on our side.
Hang in there and enjoy the ride. We have had great positive news lately. Only a matter of time to let it percolate with Mr. Market into something great.
Sweet...all the uncertainty that existed over the past weeks is evaporating. Much clearer that FnF are here to stay and now public and politicians are starting to acknowledge that fact.
Freddie Mac Profits Climb 65% - Link
http://www.marketwatch.com/story/freddie-mac-second-quarter-profit-climbs-65-2013-08-07
Reader beware! This due diligence is only a portion of news available. Much of the news is manipulated by politicians and other money players. The current bills being pushed by politicians are nothing more than political posturing and negotiation tactics. The most recent Presidential speeches make it clear that FnF will be around for a long time. No one here really knows for sure what the final outcome may be many years from now. Time will be the true judge between reality and fiction.
What is current L2pps?
thanks for opinion. I am cash account. Best I could do is pull out of others tomorrow and buy tomorrow, but will have to hold for 3 days (not sure if that is business days...I assume so). So if I sold other stuff in AM, I could buy sometime tomorrow before earnings (both fnma and fmcc) and then hold them three days or longer depending on how earnings and run-timing works.
Yes, I am trying to decide on how much more to dip in (if any), but would require selling some of my other stocks that have been kind of flat.
You around?
Excellent...thanks!
Whew...I have to admit I was a tad worried after seeing the first articles out last night about Obama's speech today. Not worried so much now.
I think it is very clear that FnF will be around for a long while. He said he wants to keep FHA, keep 30 year mortgage, and privatize...all good news for us longs.
Any one familiar with how Fidelity works regarding selling of stock and buying new/diff stock? I am wanting to sell another stock first thing in the AM and then use that money to buy more FNMA. Are the funds available immediately for me once I sell the first stock?
Thanks, gbit
What time is Obama talk in Phoenix?