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A large part of the compensation package for most big time CEO's is a substantial stock option plan that rewards the CEO for higher stock prices.......Bueller.....Bueller....
Yep. pretty sure AlongForZRide posted that he shorted at 1.50. Down a dime not really a big deal. "Rally" looks to be fizzling out based on charts. IMHO.
Price is probably down today because the FMCC kick ass earnings were already cooked into the price.......hahahahahahahaha.
This whole thing is beyond pathetic. Weasel Trump isn't helping a damn thing.
The next sell signal comes when FNMA/FMCC are above $3 a share and there are over 500 IHUB posts in a day, many of which tout $50 per share & buying Hawaiian retirement homes.
The next sell signal comes when FNMA/FMCC are back around $1 a share and there are over 500 IHUB posts in a day, many of which claim the end of the world is near.
On a day like today.....maybe play some golf.
Good grief. Another chance for that lame ass Henserling to talk about the "evils" of FNMA/FMCC and how he wants them shut down.
While I'm very happy with the uptick the last 2 days, I continue to be skeptical that this is anything other than regular MM manipulation that we've all seen many times before.
However, I will say that the uptrend around 2:00pm that took us back to near HOD is a little bit encouraging. If we can get back over $3.00 with volume over 10MM shares we might actually have something good cookin'
GLTA.
Agreed.....that's why I think this is just MM's manipulating the price. They've been buying a lot of very low priced shares and now it's time for them to sell those for a profit. Lather, rinse, repeat.
Agreed.....that's why I think this is just MM's manipulating the price. They've been buying a lot of very low priced shares and now it's time for them to sell those for a profit. Lather, rinse, repeat.
Still think this is just another round of MM's manipulating the price....however, since I'm long the stock... woohoo, let her rip!
Eeyore....Just the MM's selling some shares they bought yesterday for a profit. The need a little Faberge Easter Egg $$...it'll close red.
I'm with you. Sitting on dry powder.
The drop over the last several months is definitely a groin punch. As far as the history of the stock.....pull up a chart. There are numerous websites to find a 5 year chart. The twins can be a helluva roller coaster ride as you will see.
Hopefully the whales are closing out some short positions. Then the crooked MM's can let it run up to $3-4 again on more speculation. Play the game....make some $$$.
Maybe closing out a short position and made some serious bank???
Email the White House.....https://www.whitehouse.gov/contact/
Sad to say......but I think you are correct.
The info presented by Investors Unite & Tim Pagliara is all well & good. But as long as 30 year fixed rate mortgages are readily available to the general home buying public, there is zero interest in "fixing" FNMA/FMCC. So no pressure to act.
And we all know, once government gets their sticky fingers in a money-honey pot they will never let go. Frankly, it's probably a good thing we have semi-crooked MM's who manipulate the stock price every so often. If you happen to guess right, you can make some decent bank.
That sound you hear is....the can getting kicked down the road.
Got some dry powder for the big $1 sale coming next week, IMHO. Pitiful that it's happening but that's the sound of the cookie crumbling.
Nobody posted that Bill Ackman sold Nike for a profit today........so he could buy more FNMA/FMCC commons????
Administrative solution is very possible. Although certainly doesn't appear to be on the horizon. Mnuchin seems to be busy with consideration of an "about face" on the Trans Pac trade agreement and the impact of tariffs.
The Donald is up to his eye"balls" in porn star scandal and a high school fight with Joe Biden.
And sandwiched in there somewhere is a $1.3 trillion spending bill.
FNMA/FMCC is waaaaay on the back burner for now.
Like fans of so many sports teams.......maybe next year. Haha.
Correct. Nothing. The FNMA/FMCC "can" will continue to be quietly kicked down the road. Mnuchin will talk taxes & tariffs & economic growth but when it comes to FNMA/FMCC and the continued multi-billion dollar heist.....silence is golden.
Damn....I sure miss that monster .10 run up the other day that signaled the massive turnaround the lemmings were going to miss......haha.
Glad to see green. But a 4% bounce off the YTD low isn't worth getting overly excited for.
Hurry up is right. If I recall correctly, this time last year Mnuchin was on Maria B & other morning shows telling everyone that FNMA/FMCC reform/release was something to be done by the Trump administration quickly.
Then the can got kicked down the road to 2018. Won't surprise me a bit if they kick the can farther down the road to 2019 under the guise that with a new FHFA director they can get more done administratively.
In the meantime....the sucking sound you hear is more FNMA/FMCC profits going directly to UST.
Thanks for posting. Naturally it would have been great if the interviewer had asked Mnuchin about FNMA/FMCC. I suppose it just goes to show how far off the radar screen the reform/release of FNMA/FMCC is to the wider audience.
Perhaps something positive about FNMA/FMCC reform can be inferred from the comments towards the bottom about not wanting just 8 large banks in the country to control everything. But that's a fair amount of "dot connecting" & certainly not enough to move the stock price today.
GLTA.
An agreed upon settlement would be great. But at this point, the government has zero incentive to change/settle anything. There are no court decisions that would compel them to get their hands out of the cookie jar. There is no media pressure on the government to do anything. There certainly is no real political pressure to do anything. Token pressure maybe, 60 second talking points perhaps, but nothing substantial.
Meanwhile, homeowners continue to have access to 30 year fixed rate mortgages at historically low rates. The FNMA/FMCC delinquency rates are also very low. Now that the FNMA/FMCC tax deferred asset "crisis" has passed, the GSE's will probably begin sending profit back to the UST next quarter.
So.....aside from the most massive financial fraud in the history of the universe, everything is great. Nothing to settle.....
I tend to agree skeptic7. In spite of high priced attorneys representing various FNMA litigants in several courts there have been no discernible legal victories that have translated into higher stock prices.
In other words......more billable hours is all that's been generated by all the litigation.
Presidential election was November 8th 2016. FNMA closed at $1.65 that day. Right back to where we started. Useless Trump administration.
Trump looking to sell a few things and raise some $$$......anyone know where he can conjure up a quick $100 Billion???
Anyone....Bueller.....Bueller....
https://www.cnbc.com/2018/02/12/washington-dc-airports-could-be-for-sale-in-trump-infrastructure-plan.html
https://www.knoxnews.com/story/news/2018/02/12/trump-eyes-sale-tennessee-valley-authority/329682002/
Good article from Forbes. MSM finally waking up??
https://www.forbes.com/sites/theapothecary/2017/07/31/president-trump-now-fully-justified-in-cutting-off-illegal-cost-sharing-reduction-payments/#44bf57a8789e
Thank you for posting the link. That was, without a doubt, the single best interview I've heard on the subject of the GSE's. Awesome tag team effort!!! And as much as I hate CNBC have to give them small props for showing the courage to have the 2 on again.
LMAO. Fair enough Lumpina. Thanks. Have a good weekend.
It took less than 4 years from the day the Japanese bombed Pearl Harbor to VJ Day & their unconditional surrender. Yet 9 years is still not enough time for the current crop of "leaders" to complete housing reform. Clearly demonstrates how far Washington has sunk in their abilities to accomplish anything. I weep for the present. GLTA.
Nice run...but in the words of old Dandy Don Meredith....turn out the lights the parties over.....for now. IMHO. GLTA.
What the heck does that mean??? Clueless CNBC mouthpiece.
Exactly. Lather, rinse, repeat. Courts have been a huge disappointment.
Small article that's pro ending the NWS. Always nice to see.
http://thehill.com/blogs/pundits-blog/economy-budget/336829-as-capital-dwindles-trouble-looms-for-fannie-and-freddie
Director Watt and the FHFA have our full support to take the steps necessary to allow the GSEs to build a capital buffer, to protect taxpayers and avoid gambling with the health of the mortgage market.
3 things you can count on......death, taxes & Sweeney grants the Gov't additional time.
Hearing is Wednesday I believe. But based on our judical system the decision is probably 6-12 months away. Especially with 11 judges on the panel. Never in a rush to do anything.