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I have been hear years and have heard talk of using the shell for a reverse merger many times.
Looks like the website was only down temporarily leading up to this recent filing.
Reverse merger lplays can get real exciting when the word spreads!!
Could the Jack have pulled off a reverse merger into a clean shell??
Might explain the 15,000,000 share bid that was filled a few months ago and all the volume preceding it..
Doesn't take much to move this, load em up y'all!! Yeee haw!
Goes along with the pps...
Considering that I and many others have only been holding shares since the last run, I doubt we will see any mailings from PPMI this week as you have, so why not share what you know and what they have sent?
My impression is the "Ta-da" crowd you speak of are going to say the old "I told you common is worthless" refrain based on the info they sent. I hope not, but that's par for the course on these Q stocks.
I'm pretty sure if it was anything positive it would have been shared or even "stickied". Makes me assume it was either meaningless or negative.
What's a "ta-da" holder and a "real" holder?
Just wait til the MM are done selling and holding it up while they do!
I hope so, it looks to be the case....at the moment, lets hope it continues.
Goes up? We were at .28 and now trading around .08. Last week we were at .125, where do you see thatit's going up? By looking at a 5 minute ticker window? Yes I realize we're up from the .03s and holding that gain...for now but we haven't been "going up" since the run that followed the sector.
No selling? Have you looked at the buy vs sell volume the last several trading days? It is overwhelmingly sells over buys, the volume is lower yes, but of that volume it's more then 2 to 1 sells!
Yeah, housing sucked in 2011, how much was FNMA losing then and how much more they making now?
Really? You were to busy to post after pumping up today's hearing? How does a rolling my eyes emoticon work on this site?
Yeah watch out those 10,000 "chunks" are the big money players throwing around $700 like its Monopoly money, take it to da moon big boys!
That would have happened by now..another lackluster day with pumpers making excuses as the pps continues to drop...
That's actually not true, sells outnumber buys almost 3 to 1 today.
So the hearing tomorrow is wether the court accepts or rejects the POR right? Any ideas on what the best case scenario, worst case, or what the street is expecting?if the court accepts the POR are we hosed? If it rejects, will it continue to trade on speculation or will it dump on uncertainty?
Haven't followed this stock very long and there really isn't much out there, but in for the momentum.
Me to, sold some FNMA last week at $1.84 and got in here with 70K shares at .071, was hoping to get a good flip after this and fnma collapsed last week but it keeps trading the same percentage wise as FNMa! Frustrating, but I do think this is in for a good run yet. Stiill holding the initial 200% gain from last run which is a good sign.
That's retarded, none of the MM have any sort of instant messaging system? Let me go check the old telegraph stock ticker for the latest quote lol.
I've done plenty of research on FNMA and believe its fine with great prospects for the future of commons, this I'm having a little more trouble with. I agree with you on the momentum play from Tuesday, but where does that leave this now? What kind of speculation is out there on the fate of commons besides the POR? That actually ces from the company so it's hard to dismiss, although it hasn't been approved yet by the judge. Is there an equity committee here?
Why would this continue to run? The POR states no recovery for common, am I missing something? New here from the run, considering getting in tomorrow, what's the word on the POR?
Accounting for possibilities is good trading sense no doubt. Calling a correction down to $1.70 is pure fantasy on your part in my opinion. I plan on flipping shares to buy back a larger position, the last time I tried I chased and was unable to get filled at the lower end of the day, still gained more shares but it wasn't easy. Keeps me thinking twice about doing it again.
Hilarious....
Understand I do give Obama credit for taking in the fiasco of the last administration and helping turn it around, despite the kicking and screaming of the Rep and Tea baggers. My point is when it comes to this, the Republican mantra of "we must do all we can to insure a one term president" that failed, is actually on our side as shareholders of FNMA, they don't want a source of revenue to help kick the debt ceiling debate down the road as the last Fannie payment to the government did, they want Obama to fail, they want his legacy to be one of failure, that's what's most important to them.
In this case as a shareholder I don't want the government to raid the Fannie coffers as much as they don't. I think anyone one in office who isn't buying FNMA is high, but they aren't stupid and I would bet they are buying into their portfolios. Just my opinion.
That's a great description of stocks like GOFF recently, and about 90% of the "investments" touted on this forum. Unfortunately for you, this isn't one of them. I have been trading penny stocks for years, this isn't one of those scams. This is a real correction to the future value of FNMA, if you think the Republicans are going to allow the government to raid the FNMA coffers to make up for Obama's budget you are high! Those are the same guys buying FNMA stock because they know the future and the are allowed to legally trade on insider info, f'ed up system ain't it? Best to be smart and play along if you want to make money.
I considered flipping but remembered how impossible it was to buy at some points during the big swings the last time this ran, I remember the drop to .58 after the high of $1.47 as it ran back up had to put in orders several cents above the ask to get filled, we are talking bidding almost 10% above the ask!
"Let the free marker reign" lol! You do realize that if the Government didn't get involved and the "free market was free to reign" this wouldn't even be trading right now? It would have gone under and tanked our whole economy with it!
Unfettered Capitalism and the free market created "to big to fail" and the government had to resort to socialism to save Capitalism, ironic.
They keep the profits even after the fed is paid off. It's a "return" on the taxpayers investment/bailout since they would have gone tits up without the bailout.
Thank god Scottrade wouldn't let me short this, I called in to try and short in the low 5's Friday. Thank god they said no!
Just tried to short this scam, not often you get to with these pump and dumps, was told by scottrade no shares available to short. This game is rigged as we all know...
Looks that way for now, but us gotta ask yourself why someone would pay close to $60,000 for 15 million shares recently... maybe we will be the next APS alert! Loading up before the next promo...watch for breaking news about us getting back into those oil wells, natural gas wells, fracking opportunities, gold in Peru!!!???
Bailout was Sept 2008 while the reverse split was in June or July of '09
AIG did a reverse split, fell to $9 or so after, then climbed up to where it is today. I shorted after the reverse split, covered way to early and bought around 10 and sold way to early lol! Still made some good money though. All shares were still intact after the bailout, the split did hurt those who had pre-bail out shares.
No they are pumping another stock.
Lets see....40 views since the 3rd and 6 followers, give me a break....worthless.
Still don't get why one person spent $60,000 on this...has to be something brewing.
Having been in this stock a few years, I've seen some crazy stuff, but this is completely weird. A HUGE buy just sitting there nibbling at the ask??? WTF??
Obviously someone is buying, and buying big, but it would also seem as though they are getting help from someone (MM).
Are we setting up for another pump? Last time a pump took us up over 1000% in one day!! The shares here are held pretty tight and it doesn't take much to make it fly, maybe the next round of pumpers looking to take up 1000% are laying their ground work, but I doubt it. This feels like someone is actually buying and getting in. We know there is some work going on behind the scenes with shareholders that have been in this from the beginning, holders who involved friends and family. One thing about Texans.... You don't mess with family!
I believe there is a lot of work going on to "to right this ship" we have seen it before, hell we almost owned a bunch of oil wells not to long ago!! I wouldn't be surprised to see something worthwhile looking for this shell, a reverse merger? Who knows but something is definitely happening.