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I know contractors and employees (for both FnF) that've been working on this initiative for years. Was concerned at one point because they froze the funding on several related projects some time ago, but then saw they were moving forward again.
Very nice to see this program move into reality, with this first release, because it's taken sooo long that we thought the program was nothing more than a ruse. Go FnF!!!
Still here, brotha! Long, strong and with my bags still packed. (Although, I may need to repack due to styles changing after all this time. LOL)
I think it would be better mojo to wait till it hits $10 to break out the list. It's gone past $5 before only to get battered back down. But $10? That would be a real sign that we're on our way to the promised land! :)
"FNMA was told wrong information"... Rrrreally. You were so sure of yourself that I was convinced to sell ALL of my shares! LMAO
We'll all be sure to read all your future posts with the utmost diligence.
They heard nobodyfromnowhere whining about his Christmas money and his wife.
Seriously though, keep an eye out for a buying opportunity as we approach December 19th. The market may use the electoral college as an excuse for a brief sell-off. But who really knows?
I don't doubt it for a minute. As I've mentioned, once or twice before, I don't believe my friends at both FnF would have been offered employee stock purchase windows if the government ever intended to wipe out the shares. In fact, I can almost guarantee a mass release of documents within a month of Trump being sworn in. Kinda like the hostages were released within minutes of Reagan's inauguration, but not as grave. It's just a matter of time.
Have I ever thanked you for all your informative posts? I may not post that much, but I do read just about everything of any relevance that's posted on this board. Anyway, thanks Navy. Hope you had an excellent Veteran's Day Weekend.
Btw, I proudly hosted a handful of Vets for the first time at our little ranch this past weekend. They enjoyed 2 days of target practice and some hunting. Two of them even got lucky and bagged an 8 point, and a doe. :)
Don't let a nobody from nowhere get under your skin. He/She is probably sitting next to along4zride biting their nails in fear that the shares will keep rising (unless they're one in the same). Either way, shorties create buying opportunities for longs that have a bit more to $$ to speculate with. Think about it... remember earlier this year when they drove pps down close to a dollar from the 1.60's? They did me a YUGE favor.
Btw, even though I'm long I have to admit that I trade a small percentage of shares in order to take advantage of stock price fluctuations caused by these greedy f#@ks.
You can always count on Shorty's greed to create buying opportunities. Been a great 4 trading days... so long as today ends in green. :)
Meh, whatever about HRC. It does me no good to see efforts, and funds, that could be used to put those responsible for the 2012 Sweep behind bars wasted on pursuing Clinton.
Unless, or course, somebody finds out that she was the mastermind behind it... then, by all means!
~Blue~!!!
Opportunity is not seen by those with weak stomachs. Anybody remember that FNMA was close to $1 not that long ago? There's always money to be made... if you know how to make it.
Tim Howard on Aug. 19, 2016 https://howardonmortgagefinance.com/
Bill Maloni on Aug. 22, 2016 http://malonigse.blogspot.com/
*Don't let shorties get in your head. Especially when they behave like non-internet-savvy politicos who don't think you have the mind power to do a simple Google query.
I speculated (wouldn't use the term "invested" on these stocks) on FnF with my eyes wide open that this may take a while. BUT, they are far from worthless. The truth eventually comes to light and all they have to do is try to nullify the existing shares of preferred and commons to see what kind of litigation hell will be rained down on all those who stole investor's capital in the networth sweep. You see, there's a reason they haven't wiped the shares outstanding... because they can't without adequate compensation.
Also keep in mind that shares of FnF are tied to their own employees' vested retirement accounts. Yes, the same shares that they are still allowing FnF employees to purchase during enrollment windows annually. How do I know this? Because I know folks who work for both Fannie and Freddie, speak to them on a regular basis... and simply know how to GTS (Google That Shiz)
Do you have a link? Are you referring to the same Bill Maloni who wrote this on his blog on Monday, Aug. 22nd?
http://malonigse.blogspot.com/
And the same Tim Howard who wrote this on his blog on Aug. 19th?
https://howardonmortgagefinance.com/
Wouldn't THAT be a game changer!
Would love for you to put me and my wife down as a possible on the room. If my friends from FnF decide to come, we'll definitely need to stay at the Bell. I told them the weekend would be on me since they took such a bath when the Fed devalued their vested shares so badly. All this assuming FnF will finally break free.
Blogga please! Blogging for WSJ doesn't necessarily mean there's credible content in the body of the text... especially when they fail to mention how much capital the GSEs would have had in their piggy banks had there been no NSW. A $350M loss is nothing if one has $40-50B+ sitting around.
FnF employee stock purchase programs are still in place. I live in NoVa and know over a dozen workers in their Tysons and DC headquarters that were still offered a purchase period in 2015. If the stock was going to be worthless (meaning eliminated) FnF would not have maintained their employee purchase plans.
That said, the MMs are the only reason this stock is in the crapper. Yes lemmingitis is also the cause, but "shorting greed" is what keeps pushing this stock downward. There will be $$ to be made... current longs and white knuckle speculators just need to either step away from their computer or take advantage of this fire sale.
FnF shares will not be eliminated and they will regain their value. How much value? Who knows? But it will not be in this hole too much longer.
Btw, I don't feel silly in saying that I pulled another "Buffet" (buy shares over a span of time instead of all at once) and just added to my stake today.
Good point. I know long-term (10+ years) employees at both Freddie and Fannie who've had vested shares tied into their retirement accounts. Employees who owned stock when it was worth over $70/share. They were also among the shareholders screwed in this fleecing of FnF by our government. But I do have a bit of optimism for us and them. Why?
Because Freddie and Fannie still offer stock purchase windows every year to their employees. What kind of trouble do you think this would lead to if there was never any intent for the value of FnF stock to ever rise again? How could anyone justify letting the employees purchase stock, then wipe the stock out?
wong. lol
Wow,Bruce. Sorry to here that you are going through this.
We obviously don't know each other, but I'm hoping the following will give you some comfort, hope and optimism.
My wife has had to go through two non-cancerous brain tumor surgeries. The first was supposed to get rid of the tumor, but the surgeon didn't feel comfortable in removing a portion that was in a "delicate area" of the brain. But he got most of it.
Once the surgery was over, he said that it was such a slow-growing tumor that she may not have any issues with it in her lifetime. It came back in full force 3 years later.
Here's where it gets good. Due to some technological breakthroughs, they were able to remove the tumor in its entirety the second time around. There were no any adverse effects to her brain. No problems with motor skills, memory or speech. She simply woke up in the recovery room and told me she loved me more than ever... which only means she was just as crazy as she was before the operation. :)
It's been 8 years since the second operation and all is well.
Wishing you success, and we'll be keeping a look out for when you come back.
Godspeed,
Cam
I think it would be the top story on CNBC if it was for pre-split shares.
He/She is just trying to get attention. Grade school hypotheses on what FNMA and FMCC will do from someone who knows nothing about current real estate trends, and is probably regurgitating a novice bloggers' rants, means nothing at all. When an $800K home sells in less than a week in the DC. SUBURBS... that's where it's at!
Builders are going to town putting up million dollar homes right now. What's more, insiders at Freddie and Fannie (ei. employees and contractors alike) know for a fact that consolidation project efforts have all but come to a complete halt. Meaning, the push to join those two together has been put on the back burner.
In grade school talk: Little guy, don't worry. No one is going to smoosh mommy and daddy together and flush them down the toilet.
He/She is kinda quiet this week. Please tell me they shorted the hell out of this stock. Speaking of grade school...
Haven't logged in to my Ameritrade account in almost a month. Wow! What a POS!!! I guess I should still be grateful that there's still 20% left on this sorry purchase.
No sense in having any anxiety over a stock that's barely worth 4 one-thousandths of a cent. Guess I'll just leave it and see what happens over the next few months. :)
btw - Keep an eye on Freddie, Fannie and Abattis folks.
Sorry JB, iHub wants me to join at the premium level for private replies. Look into the team-up of ENRT and LXRP. Both not doing so hot in the American oil market, but quickly changing their business plans to capitalize on the new Canadian pot licensing laws that have been enacted on 4/1/14. I wouldn't be surprised if PEII eventually follows their lead. (Not saying they will, but "monkey see, monkey do")
Thanks JB. I mentioned before that I'm usually loading up in the .0015 range, but I need to correct myself on that one. I just checked my numbers and it was more like .001617.
I bought into the overly diluted ERBB (pot stock)at close to these numbers and have been somewhat amazed at what the pumpers have done with it. Wouldn't recommend getting into ERBB now because it's due for a pullback.
BUT, there are a couple of light oil outfits that have teamed up to make a move into the Canadian pot market that you might be interested in. Private reply me if you're interested in researching them (Don't need any Debbie Downers benefiting on tips).
I agree.
Oh, I'm with you on that. I was just trying to chill ArkDave out cause Debbie Downer was gettin in his head. I load up when I see the PPS get around the .0015 range. Otherwise, I spend more time keeping my eye on my pot stocks (American and Canadian), Freddie & Fannie, and my more valuable holdings that are not on the OTC.
As you can see, I don't post much. But, I had a little time today to mess around. JohnnyBlaze is correct... keep your eye on the prize. The losers don't want you to feel good about your winnings.
Btw - I've already come in and out of Petron enough times to only have my gains tied up in this company... no initial capital. This stock has plenty of potential, ya just gotta know how to work it.
You're still expending way more time on sad individuals than it's worth. There's no agenda regarding 570 negative posts in a 6 month period... it's straight OCD driving that "Debbie Downer" train. Don't hop on board.
I know you worked very hard to come up with that conclusion. Man, I sure hope you sold all your shares before the close of market today!
Funny, and well put Phatlander. Debbie Downer's "show me production" thing on Petron is getting old.
Anyone in penny (and sub-penny) land knows that pps performance is more about the illusion of potential success, as well as speculator's excitement, than actual company performance.
Just look at 90% of the pot stocks. There you will find companies that are essentially worthless on paper, but have valuations in the tens and hundreds of millions. There's good money to be made nonetheless.
As much as it hurts to see the profits dissipate, I'm still holding long. If FnF employees are holding theirs because they don't have much of a choice, then so can I.
Another way I look at it, right or wrong, is that FnF lost half their value when shares met resistance at $5. This time, it met resistance at $6-ish and I prepared to see it lose half it's value again. Still though, it takes a strong stomach to see that much $$ disappear in a week.
Where's the smart guy that indicated this would be a sell-off day? Listen to their advice and you'll go broke.
As far as folks saying this was a week closing day? I'd prefer to look at it as a healthy day. A 25-30% jump would probably have been followed by greedy dumping. I'll take a string of 8-15% days over fat jumps and drops anytime.
Thanks. Just added alittle more at 3.35. Fingers crossed. But knowing people who work at both FnF, and the fact that they have their retirements tied to what happens with their stock options, makes me humbled by comparison.
What many folks don't realize is that what is a speculative investment for us, is decades of work for FnF employees. The gov would be wise to recognize that.
Me too... and added alittle more to my FnF positions. Holding some $$ back incase it drops back into the high 3's or even 2's.
The sky wasn't falling... unless you're a daytrader. Patience Grasshopper... in the end, you'll make a hell of alot more money finding long positions and slowly adding to them than playing cut and run with stocks that are out of your hands to manipulate (the way the MMs do).
I use Ameritrade, and have yet to put in a market order. That's not to say they won't let you, but why risk it? The way these MMs bounce the stock prices, I wouldn't leave an open "bet" out there only to find out I paid way more than I intended, or sold for way less than I wanted. Just sayin...