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That's why I'm here! Still trading a small portion on the pumps, and buying back when pps stabilizes. But never wanna be left chasing when the blast off occurs.
In the meantime, I'll just amuse myself with the short-minded folks who freak out everytime shorty pulls a move.
Was guilty of trying to daytrade FnF when I first hopped on board in 2013, but settled in, learned and have actually made decent $$ on these two... but nowhere near what we stand to make by thinking long-term.
*Uplisting, and the changes that allow for that to happen, will "re-legitimize" the twins for big investors and THAT'S the day I'll be ready to fly to Vegas for a party. Not saying I won't go sooner tho!*
GLTA (Except the anti-commons. They can suck it)
I'm bullish after this dump is over. "They" do this a lot when good news is expected. When the pump is on, enjoy it and sell again (rinse n repeat).
Examples: SOLO, NIO, Freddie Mac and Fannie Mae.
Dumped wkhs in the mid 4s and looking to get back in about another dollar from now. Not a recco.
Been keeping up with Gaby. I like the way she keeps us up with how ongoing changes affect the advantages of common vs jps.
Hope she's not right about the timeline mentioned for recession she made back in Dec. (6-18 months). Hope it's a little further away than that.
I second Yanks "thank you." Kept up with ya over the weekend (as well as the past coupla days) and found it interesting catching up with the latest by someone who understands the legal process. You've been very helpful and I appreciate that.
Calm down bro. I am pretty confident the commitment fee was brought up to keep the liberals cool. You and I both know there are a variety of lawsuits in the works that will eventually determine that the taxpayers have indeed been compensated (over $110B more what they "lent" the GSEs) and there would be no need for further compensation. I feel the same will go for a good percentage of the warrants as well.
Don't take everything he says as "word." He needs to play the political game to get what he wants. How many times has this administration thrown shit out there knowing they had something else up their sleeves? Relax and let it play itself out.
"..., but in return for that make sure that the taxpayers are compensated for the ongoing Treasury support,” Mnuchin told the Senate...
I believe he said that as a show that he's looking at this responsibly... knowing that a court action will eventually determine that the taxpayer has already been compensated to the tune of over $110B.
And Brown was just showboating. What a tool.
Well, they couldn't just end the nws themselves back then without creating a congressional shitstorm. Think about it... they've been using the money they've been stealing to fund all sortsa stuff including Obama care. What they needed was time to ween the government off the Frannie nipple. Remember when Watt started talking about FnF retaining earnings? Warner and Corknutz took him into a back room and let him have it. Ya never heard him mention it again. Warner was pretty well behaved at yesterday's hearing, all things considered.
As for appealing to the scotus? Just another example of not taking what he says at face value. Highly likely that the Treasury won't go that route.
Exactly. And this is why I hope folks don't take some of his interview and hearing answers at face value. Mnuchin has to straddle the line between not lying to the public and placating legislators... right up until the administration is ready to pull the trigger. He knows he doesn't need Congress, but also knows that they can make things difficult if he talks a buncha smack.
Fidelity limiting you to 7.50 for securities under $5 as well?
Just a heads-up. My three sell orders at 100 are in a regular account, and 2 Roth IRAs.
Could be the type of IRA or simply a broker issue for ya. glty
Man, that blows. TD doesn't hit us with those restrictions.
Have a chunk of shares from 3 accounts with sells set at 100.
Also have alerts set for 85 and 90. lol
I'm friggin loving this! Yes. I know this is from yesterday so it's considered old. But,
for me, it's not about what Mnuch says... it's about what he's asked! Reporters have ignored, or have been mandated to avoid the topic for far too long. Now? Now they're not only asking the right questions but also going on air with the facts! Listen to Diane in the clip AFTER she's done with him. This kinda thing has a way of catching on... I hope.
https://www.cnbc.com/2019/09/10/fannie-mae-freddie-mac-win-could-be-appealed-to-supreme-court-mnuchin.html
LOL. I Didn't expect him to answer because that would set off Lefties in Congress. BUT, it was sweet seeing Maria put those questions out there on national cable tv. It'll be even that much sweeter the day we see those questions (illegal NWS and no transparency on where the money is being spent, government fighting to not release 11K docs, etc) discussed on network news and morning shows.
Nevermind. Here it is. https://video.foxbusiness.com/v/6084640350001/#sp=show-clips
She didn't hold back at all. I love that she asked the questions that we've known the answers to for years. Btw, did you see if anyone's posted a link to the interview? I unfortunately missed it.
Alrighty then! Hearing is over so let's get back to it.
I take it that you're salivating at the prospect of FnF seeing $2 again?
No. He was referring to giving the good parts of FnF to private investors. At least that's the part I was referencing in my previous comment.
Yo, Brown! Talking about "skimming," why didn't ya mention how the government skimmed over $100B from FnF?
Someone please put a bucket on Brown's head. What a rude POS.
Just surround sounded myself as well, and recording for the wife... who's been a FnF contractor for years.
It came! Congrats. You been an excellent FnF cheerleader. :)
I said the same about Tesla when I was day trading it in the 20's and 30's. I'm pretty sure there were folks like you on the Google and Amazon boards as well... and they probably didn't have any shares! LOL
Excellent point on the divies... especially for shares sitting in Roths.
Still here! But will wait for recap, release, uplisting and at least a solid $15 before hopping on any flights. GLTA!!!
(Well, except for Commons Cancelled and all the other anti-commons over the years)
I feel ya. I agree that the corruption in the orbit of this GSE drama reaches well beyond our esteemed government. But, I remain only partially vested so my disappointment, and pleasure, keeps me at "center Bolli." If that makes any sense.
Take a break and come on back. I like reading your stuff.
From your keyboard to God's ears... would be sweet not to pay taxes on a windfall.
I have most of my shares in a Roth, so there won't be any taxes to pay on those gains.
Does Tesla ring a bell?
I day traded shares from $24 to $36 not long after they went public. Made some easy money. Cashed out completely the day before going on vacation only to see it pop to $68. I couldn't come close to repurchasing the number of shares I had played with originally... but I still bought enough to put a smile back on my face as I rode them past $300. But I still missed out on tens of thousands for not holding at least some shares before heading out on holiday.
Vowed to hold a base ever since.
All that said, in the case of FNMA, the actual 60% I'm currently holding is all gain from just over 5 years of trading this hopefull/hopeless stock.
Most personal injury awards aren't subject to tax, but still generate a 1099.
An award for damages in the case of FnF (which is highly unlikely) would most likely be subject to taxes. Then again, maybe a seedy accounting lawyer could argue that personal injury was sustained from all the needless anxiety speculators subjected themselves to since 2008. :D
Humm. We're all speculators here. Anybody pushing FnF as "investments" has no credibility with me to begin with.
Holding long (60%) and trading the sh#t out of the remaining 40%... but by no means calling these two wildly volatile stocks an investment.
I'm a bit more optimistic about the en banc ruling. What's actually done with that ruling is another story.
One thing I'm betting on is a swift and deliberate sell off prior to the release of the ruling if insiders deem it to be good, then a major (albeit synthetic) pump up once the MMs have been able to load up. I can always count on their trader's greed, and am ready to buy and sell accordingly. ;)
lol. Ya definitely live up to your moniker.
I don't see it going that far, but definitely have my buy order in place if it does.
Just playing the FnF game. Buy orders set for 2.50, 2.25 and 2. Hope it doesn't drop that far, but it's nice to be ready if it does. :)
Man, this stock is getting slaughtered today!
(Hoping it's just a tree shake)
In internet years, this qualifies as ancient news.
I'm with ya on the mm manipulation before good news. Question is, what's bottom? MMs brought SOLO down to a buck before it got pumped to $6.50... then taking it back to the lower 2's.
Considering yesterday's beatdown? I'll gladly take today's close and have a beer knowing it can't be manipulated tomorrow. Same goes for NIO. TGIF!
I hear ya!
I agree, but it still stings a bit to feel the biggest single day hit I've taken in years. Hoping political motivation helps this company move to the next level. Even a portion of the USPS contract will do wonders for WKHS.