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FRE tends to up-tick more steadily than FNM, even with lighter volume?
Enormus volume, lots of selling; I still think 1.50 a possibility by eod?
Bid 1.19 - Ask 1.20 at 9:23, could be a blast off this morning. Fanny me anytime!
$1.12 hod, could possible see 1.25 by cob?
Back in fanny, looking good..
Holding and steadily moving up; That's the way I like it.
Want to take a good look at what pre-market look like..
looking for a new entry point?
Lets watch and see what up?
May be a good oppertunity to re-arm for the next assault!
I am standing by to re arm?
Thanks; Overall holdings look stable?
Good volume today, but seems to be lower than previous days?
IF TPG GETS PAID, ABIGHAMMER GETS PAID ALSO BIGWILL GET PAID!!!
When it hits 2$, there are going to be some profit taking I would imagine? I am waiting for 3$....
Nice shake and bake, gap fill hammer time...
I think the initial offer of aid was up 2B$ if needed. So far only a few B$ used.
$ has sproung, after hours is going to be interested?
I am seeing greeeeen today, won't let this get away again.
Could be a $ day today baby. Whoooh your fanny!
How high a jump today?
It's a total disgrace, and some will have to pay!
Holding nice in the 8,s after a little shake and bake?
WASHINGTON (Reuters) - U.S. officials are considering a plan to isolate failing assets held by Fannie Mae and Freddie Mac , The Washington Post reported on Wednesday, while an administration official said such an idea was in the early stages of development.
Such a move would help alleviate one of the Obama administration's biggest burdens created by the rescue of Fannie Mae and Freddie Mac: the hundreds of billions of dollars in money-losing home loans owned by the government-sponsored enterprises (GSEs), the article said.
While acknowledging that the idea is on the table, a White House official said the administration's thinking has already been aired out publicly and no final decision has been made.
"It should come as no surprise that the administration is thinking through GSE reform, a commitment we made to Congress in the regulatory reform white paper, but we are in the preliminary stage of the process, the systematic development of options has not taken place and no decisions have been made," said White House spokeswoman Jen Psaki.
Last month, the administration said it was mulling a variety of plans for the future of Fannie Mae and Freddie Mac, including a "gradual wind-down of their operations and liquidation of their assets" as well as "incorporating the GSEs' functions into a federal agency."
The companies' regulator, James Lockhart, director of the Federal Housing Finance Agency, confirmed that the administration is discussing the "good bank bad bank" model and that the discussion was in an early stage, the Post reported.
The proposal has appeared in several internal papers on the topic and appeared as part of an agenda for a meeting on Thursday hosted by the White House's National Economic Council, the newspaper said.
President Barack Obama's budget proposal for 2010 tallies up the federal aid granted to Fannie Mae and Freddie Mac but does not bring those mortgage-finance companies' obligations fully onto federal books.
In September, Fannie Mae and Freddie Mac were effectively nationalized when the government promised to buy up to $100 billion preferred shares in each company and created warrants to severely dilute existing shareholders.
(Additional reporting by Patrick Rucker, Matt Spetalnick; Editing by Dhara Ranasinghe)
© 2009 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters.
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http://news.moneycentral.msn.com/ticker/article.aspx?symbol=US:FRE&feed=OBR&date=20090805&id=10232817
Lot of action today, anyone know what's going on?
True; But a Judge work is not only in the court room. Thier is a lot of behind the scene work that is required also!
I just love what is going on here?
GM: Big news, let the distribution begin = $$$$
It was my understanding the the 1.9B went to the FDIC as administrative fees for giving away WAMU?
4/1 chance; JMPC Support of Motion for Reconsideration of Opinion and Order Granting Debtors' Motion for Rule 2004 Discovery is very week and lacking of substance?
Any word/news from the SEC litigation hearing that was to be on the 22nd Jun 09?
Good start this morning, could be the rebounce to higher high?
Yeah, Yeah, but JPM have something to do with the run on WAMU, hence the discovery. They will be charged with "Ading and Abbetting" the Crook?
That would be nice to see, I would start my planned vacation on thw 8th in living colors (Style and Fashion) Go WAMUQ...
They can come to court and stake any claims/objections they want to make. Denied, denied, denied, WAMUQ on top!!!
I am going to have a cold one and go to bed with a big Grinnnn???
Could possibly see big gap in the morning; (.15) GGGGGGGGGgggggggoooooooo WAMUQqqq
I think so too. Also shorters could be trying to cover, should in case WMI get a favorale ruling on the 24th and WAMUQ take off? GoooWAMUUUUUUUUUUQQQQQQQQ!!
Grey: Here is an article that may give a better illustration than I can. I am no pro. But this is a reverse of what WAMUQ is doing now!!!
There's a school of investors that believes everything you need to know about a stock is "in the chart." That is, all the hopes, dreams, pessimism, expectations of investors . . everything you can possibly want to know about a stock is already reflected in the stock's price movements, and those price movements are shown in the stock's chart.
This school of investment theory, called "technical analysis," also applies to looking at charts of the market.
An important part of technical analysis is putting familiar chart patterns into some context. One of these familiar chart patterns occurs when stocks "fill the gap."
What does it mean to "fill the gap?" Let's go back to trading when the market reopened following the September 11 terrorist attacks. If you look at a chart of the Dow Jones Industrial Average, what you'll see is a gap in the chart after the market resumed trading. The gap was created because stocks opened up much lower when trading resumed from where they closed the previous trading day.
The Dow subsequently declined further, bottomed, and rallied. On the ensuing rally, the Dow "filled the gap" by rallying up to the pre-gap price.
Now that the Dow has "filled the gap" -- that is, the Dow has now rallied back to pre-September 11 levels -- what does technical analysis say? Actually, with the gap being filled, a technician would likely expect the market to resume its downward course.
How low could the Dow go? Actually, here technical analysis provides further assistance. You would like to see the Dow retest - but hold - its previous low of 8235. Should the Dow hold that level, technicians would expect another rally to unfold.
Now I wouldn't necessarily call myself a technician, I do like to look at charts of stocks and the markets. I believe getting a sense for how a stock or a market index has traded can help you put fundamental factors (earnings, revenue, finances, etc.) in a better perspective. And it seems that certain chart formations - such as filling the gap - do tend to work out more often than not.
Thus, I would not be surprised to see the Dow Industrials drift lower in the near term and perhaps retest the 8300 level. However, should that level hold, it could be setting up the best buying opportunity in the last two years.
Charles B. Carlson, CFA
Contributing Editor, Dow Theory Forecasts
Buy and sell are close 13/11m, with alot of small sells going through. Gaps also have to be filled. May pick up and close at HD.mo
13 back up. Giddyup WAMUQ..