Has there been any change in anything since you began your drum banging campaign?
The is a lot going on at FNMA, FMCC.
There have been many events effecting the share price, some of which are illegal.
You are no savior looking to help the poor ignorant investor. You are a rather transparent liar looking to shake shares.
There is plenty of value here. In fact the market has upgraded the value from under .30 to over and back to where we sit today. And why is that?
The answer is that just because the government does something does not make it right or legal or just. In fact due to things like; the profitability of the company, the discovery that has been made available from court proceedings, and the new and unfolding evidence produced in newly opened lawsuits the "value" in FNMA appears indeed to be growing.
Someone mentioned the Dow theory last night. The Dow theory in this case postulates that considering the book value of the company, the present c ship status, and the emerging news that challenges the legality of the c ship and the govt ownership of shares that the current price has these variables already baked in.
And while all of that is true there is also TA that provides historical market data to predict current pps fluctuations.
And while both of these are true there always remains the chance that new and unannounced information that can have a profound effect on pps can come forth at any moment especially in consideration of the current wave of enthusiasm over the two GSEs profitability.
So, to be clear, yes there is value in these shares. Not because I say so or because you don't but because the collective market says so.
I'm not sure how many folks you think you are dissuading but I can assure you that anyone that has reacted to your sentiment holds no significant position if they can be fleeced of their shares by your unsubstantiated claims.
$fnma.
