the price is the price is the price
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yes, it's red panty night Big Z!
Losing money all day every day is getting old
My new stop loss is 2.92. If it hits that price I'm going to have to start dumping. Just going to have to take whatever price I can get and find a real 10 bagger. This aint workin.
Losing money all day every day is getting old
My new stop loss is 1.31. If it hits that price I'm going to have to start dumping. Just going to have to take whatever price I can get and find a real 10 bagger. This aint workin.
govt offered 2 let Berk drop the lawsuit & stop throwing away good money on high priced lawyers
Berk said he will take his fund to zero if necessary
Bruce specific that he only owns Preferred stock
maybe he sold the common to meet redemptions.
Whatever it is, he is depressed and so are investors.
Bruce says Nobody's Perfect, yes I bought Sears stock too high, yes retail has changed, either Sears stock goes to his estimate of intrinsic value or it continues falling
I guess same can be said for Fannie.
Looks like stock is unfrozen, but still less than $1 million has traded today.
Markets are so illiquid, impossible to trade fnma for profit anymore.
bruce sounds depressed
We must be prepared 4 stock opening below $1 on Monday after the wall street journal report
Let us all try to get atleast a few hours sleep this weekend and hope for the best on Monday
Long and strong, ktf
Ackman lost more money today on 10% fall in VRX than the entire value of his fnma/fmcc holdings
$500 million
He could care less about the GSEs
He may not be in business soon and could have to liquidate if he keeps this up
berkowitz fund has gone all in on Sears Holdings and soon to be liquidated
ackman is in the middle of a 40% drawdown and has written off his fannie mae investment
Im worried about novice retail investors that are getting tricked into thinking that they are going to make a fortune on something that is fool's gold.
the gse trade is a big scam
$262 million loss for common & Jr pfd stockholders in 2015
http://fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2015/q42015_release.pdf
I guess there is no money to pay dividends
$262 million loss for common stockholders
http://fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2015/q42015_release.pdf
Net (loss) attributable to common stockholders
-1 cent for full year 2015
http://www.freddiemac.com/investors/er/pdf/2015er-4q15_release.pdf
Read the entire income statement
Buyer Beware
Net (loss) attributable to common stockholders
-1 cent for full year 2015
http://www.freddiemac.com/investors/er/pdf/2015er-4q15_release.pdf
Read the entire income statement
Buyer Beware
u will lose all of it
3rd amendment was valid because the 10% perpetual dividend on the sr. pfd made sure that gse's would never become properly capitalized again.
unless u have a valid lawsuit to challenge the original conservatorship and sr pfd stock agreement, u are SOL.
sorry, but you can write this speculative "investment" off to zero.
Fanniegate Ruined Our Lives. We've Lost all our money, family, friends. Now we have nothing but eachother and Bob Corker and Along4ZRide.
This is a great opportunity to lose all your money and be completely miserable for 10 more years while everyone else is making tons of money in the markets.
We fanniegate freaks can have fun though if we just pretend the stock is trading at $30 and that we are all multi millionaires!
Let's create a dungeons and dragons fantasy land for fanniegate where we pretend that we exited conservatorship and where we all get thousands in divi's every quarter! All of us have red camaros and 18 year old babe girlfriends!
We are fanniegate and we rule the dungeon world!
down 21% in 2016 and 60% in past year!
great opportunity to buy more cheap shares!
yum, yum
this is the worst investment i've ever made
It's that time of the day when market break out to highs
and fnma breaks down and closes at daily lows
once again. Dow up over 500 points in last 2 trading day and fnma falls.
so depressed
where's catbird boasting of big play in commons and dumping pfd as dead money?
he should close out the year with a mea culpa. be good for him to get some reconciliation
poor fool closed off the Google Board to outside advice. Turned it into a fools only board just when shares were going to plummet and continue making new lows every single day as far as the trading days continue for eternity to zero
best chance investors have is to sue Ackman and Pagliara for misleading them about the value of FNMA shares
otherwise all hope is lost
what does it mean when QQQ is breaking out and FNMA goes down everything single day?
EVERY SINGLE DAY!!!!!!!!!!
WHAT'S GOING TO HAPPEN WHEN THE MARKET FALLS? HOW BAD WILL IT BE?
FAIRX Fairholme Fund Hitting 2002 Lowest Levels in a Decade
When will the fund liquidate just like Third Avenue? Berkowitz is in big trouble putting a mutual fund in illiquid distressed securities. Prison time is possible.
Pfds breaking October 2014 Lows, expect Commons to follow
I expect to see commons hitting the $1 and lower level soon. There really is no reason for commons to trade as high as they do other than the Ackman pump.
Once intelligent investors do their diligence and realize that there are $25 billion in preferred stock ahead of them in line, and that preferred trades at 15 cents on the dollar, the common looks terrible.
Given that government holds 80% of common, you have a current valuation of $15 billion on common shares? When preferred is pennies on the dollar? Only explanation is Ackman pump. Ackman could care less about Fannie and Freddie now. Given that he is in the middle of a 25% drawdown, his biggest problem is trying to figure out how to get Pershing out of the hole that it is in, and his $600 million in Frannie holdings has been sucked into the black hole, along with his HLF money. Expect a big liquidation and new strategy out of Pershing soon. It was one thing for Ackman to get involved in charity cases when he was making huge money on his other holdings. Now that he's in the poor house, expect all pro bone Robin Hood work to cease.
Frannie continues to be a good short till the 50 cent level.
Pfds breaking October 2014 Lows, expect Commons to follow
I expect to see commons hitting the $1 and lower level soon. There really is no reason for commons to trade as high as they do other than the Ackman pump.
Once intelligent investors do their diligence and realize that there are $25 billion in preferred stock ahead of them in line, and that preferred trades at 15 cents on the dollar, the common looks terrible.
Given that government holds 80% of common, you have a current valuation of $15 billion on common shares? When preferred is pennies on the dollar? Only explanation is Ackman pump. Ackman could care less about Fannie and Freddie now. Given that he is in the middle of a 25% drawdown, his biggest problem is trying to figure out how to get Pershing out of the hole that it is in, and his $600 million in Frannie holdings has been sucked into the black hole, along with his HLF money. Expect a big liquidation and new strategy out of Pershing soon. It was one thing for Ackman to get involved in charity cases when he was making huge money on his other holdings. Now that he's in the poor house, expect all pro bone Robin Hood work to cease.
Frannie continues to be a good short till the 50 cent level.
This Christmas I really worry about the mental health of Retail Investors that still own this stock
I sure hope they are not retired and are successful in their day jobs
They are going to need it
Annual dividend checks confiscated by Treasury
Mr. Lew is keeping all earnings to help pay to import more jihadi muslims into the country from the Middle East.
Merry Christmas,
Antonio Weiss, former Head of French Investment Bank, Lazard
Congrats to those who voted for Barry!
For GSE shareholders 9/30/2014 is our 9/11/2001
Never again will we hold investments in companies that have been nationalized by the government with all shareholder rights suspended!
now that we know ackman is dumping
he has sold 40 million shares and he has 400 million shares left to sell
that's 50 trading days of volume
the Atlanta Fed's prediction of 20 cent per share in value is looking like a good near term price target
Ackman didn't rollover Swaps with UBS
so they took off their hedge
20 million shares on each
bon apetit for shorty
Vegas Shareholder Party Cancelled?
Hemophiliatic FNMA bleeding to death
fast or slow, the next 2 years, there is no positive catalyst.
that's great, you're going to make $3 per share in both the best and worse case scenario.
Also, this trade will make for a great 2016 tax loss.
what's you're holding period?
fairholme liquidated half their capital last week
http://www.fairholmefundsinc.com/Bulletin/Distributions2015.pdf
Fairholme = 3rd Avenue = Put up the Gates
Get out while you can before the gates officially go up.
fairholme will be closing most likely. Probably have to put up gates. There is no market for the pfd's anymore, so they can't even sell.
Very irresponsible to run an open ended mutual fund that holds illiquid securities.
Depends on how many redemptions they get. Most likely the reason they sold their AIG stake. They knew they were going to need cash to meet redemptions.
This is going to get very ugly.
Fairholme = 3rd Avenue = Put up the Gates
Get out while you can before the gates officially go up.
fairholme will be closing most likely. Probably have to put up gates. There is no market for the pfd's anymore, so they can't even sell.
Very irresponsible to run an open ended mutual fund that holds illiquid securities.
Depends on how many redemptions they get. Most likely the reason they sold their AIG stake. They knew they were going to need cash to meet redemptions.
This is going to get very ugly.
Tim Howard 717 Declares The End
"critical update added to this post Jumpstart is done deal."
"This makes it so only Congress can resolve the issue which we know they will not, our best hope as the Liaison shared is that the time limit remains in the bill, that’s all we could squeeze out."
"Not quite, that’s very naive. The Republican’s drafted the first draft, the controlling party generally pushes it on the first draft. They are having trouble as we speak to get enough Democrats to back the bill as written to pass it. The hope was that we could get it removed but last night as you see I was informed that is not happening."
I'll be listening to the Doors, "The End" today. I have it on repeat.