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What makes you think kudlow is on board??
Volume is abnormally low. 200k
Thanks Crypto. What is your timeline for this?
Does this new budget deal include any changes for FNMA and FMCC?
https://www.cnbc.com/2019/07/22/us-debt-ceiling-and-budget-deal-near-final-suspends-ceiling-for-2-years-source.html
I thought I read a rumor somewhere that it does...
Interesting that the article was released during market hours yesterday and the stock price didnt react much to the news. Official word of that (which I suppose is what was lacking) should have a nice impact on the share price.
Forgot about dominator lol
Crypto, if you think that En Banc will change everything, why sell preferred now? In fact, why sell at all? Just a couple days ago you were calling for the En Banc ruling to be released on 7/17, but it didn't happen. Are you thinking that it could now for some reason be months before en banc ruling is released? If so, why the sudden increase to the timeline?
I agree. If that is what is in the plan, this should be up, not down.
The entire article sounds really positive to me. Especially if you are a common shareholder. The long time horizon tells me that dilution should be minimal if they stop dragging their feet on terminating the NWS and allow the companies to build capital naturally.
I am approximately 70/30 common vs. preferred, which I am fine with at this point. Super bummed out that Crypto's prediction didn't pan out today. Hopefully by the end of the week. GLTA
He mentioned today, 7/17 specifically. We won't have to wait long to find out.
Great post Crypto! Thanks.
Hi pka. How many shares do you have?
I hope you are right Crypto. I have been waiting here for so many years I lost count at this point. At least 6 years but probably more like 8.
What is your firm's target sell price range? Having held this for so long, I'm really struggling with determining the price I should sell.
Wow. If you really are in the know, sounds like I should take out a loan... or at least move money from other locations here.
I wonder if that was the big news that Cryptonator was predicting/referring to.
Hell yes. I hope you are right Crypto!
Wow. What is the average number of days until a decision made? Does anyone recall?
Always better to be diversified. If that happed, I would break even.
It is a fair question. Answer better be 100%. Thanks Doc.
Yep. I was thinking the exact same thing. This stock is manipulated. If a positive ruling comes out, I expect a flash crash for stops to be taken out and then a massive run. If a negative ruling comes out, I just expect the crash.
Volume sucks today. Hoping it picks up.
Send her tweets and blast her with emails haha
Arnold, I noticed that your English and grammar is far better than your cousin's. I must say, I do enjoy your cousin's posts though. When will he be back from North Korea?
Originally I was pissed after reading the Bloomberg article, but now I am viewing it differently. They are actually doing many of us a favor by releasing a hit piece like that and causing the stock prices to drop across the board. I was wanting to buy more, but I felt like buying over my average was a bad move. This drop just convinced me that I should buy more. Great buying opportunity. Thanks Bloomberg.
Now keep it here for 3 months when I get my bonus!
Doubtful, but I can dream at least.
Yep. This seems like a planned hit piece to allow for accumulation before the en banc ruling comes out.
Markets will definitely react to that Bloomberg article. Current FNMA bid/ask is $3.13 /$3.14.
Agreed. Its bullshit to say that they need capital, and then they allow the sweep.
True. But at least lamberth made a decision one way of the other at one point. Sweeney has done absolutely nothing at all.
And what is Sweeney's excuse for waiting to rule for all of these years? I hope the letter was nasty.
Good imo. Stop the sweep. Release them. Realist them. Do the first small offering. Meanwhile, the full backstop and credit line remain for a small fee. They build capital through retained earnings. Additional offerings not needed
Does anyone recall the average en banc ruling time and the number of days that we have been waiting at this point?
Same here. I'm about 1/3 preferred 2/3 common. I see preferred as a hedge as well. Why not diversify a bit?
Exactly. I thought shorty was going to scream today? Doesnt look like that is happening at the moment...
Cryptonator is really putting his reputation on the line making a call like that. Dont have to wait long... we shall see tomorrow.
Wondered the same thing. Everything in the past has been a loss. Probably some margin of error built in, but no doubt favoring loss
What report? What am I missing?
If that were true they wouldnt be talking about a massive secondary offering. Right?
what is the point of all of the back and forth bickering about Preferred shares vs. common? If preferred do well, it is good for common and vice versa. One will definitely do better than the other, but who cares? We are all share holders. Buy what you think will make you the most money and stop worrying about what others are buying. I bought both so I will win either way. The entire argument that has been going on here for years is so ridiculous.
I was wondering the same thing. Why can't they just sell some of their holdings? Can anyone answer that question?
Which earlier post Yank?