Followers | 11 |
Posts | 1146 |
Boards Moderated | 0 |
Alias Born | 05/19/2014 |
Sunday, June 28, 2015 7:20:37 PM
1. Sell shares for whatever you can get
2. Get on knees in prayer position
3. Thank God that you got more than $0.00 and that you live to see another day
Many forget that these companies have 30 year contingent liabilities on their trillions in MBS. Right now US Treasury is saying, okay, no need to hold capital, we'll cover that. Given this outstanding guarantee it is very difficult for shareholders to argue that they have any residual claim. Especially common s/h given that there is still $180 billion in Sr. Pref along w/ those pesky Jr. Pref's that trade at only 15 cents on the dollar.
I have the spread trade on Long FNMAS / short FNMA
It's a race to zero for both securities, but they are so far away from parity right now that there is a ton of money to be made on the spread.
FEATURED Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • Jun 14, 2024 2:07 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM