Volume is always relative they were HUGE (the biggest) buys based on 9:30-11:30 AM chart today! This is only the beginning they were TINY compared to what is coming!
Unilateral Government Action to End the Conservator-ships
If you have already built up your core positions in Fannie, you don't need to do a thing. However, if you are currently sitting on the sidelines waiting for more favorable court developments, you might want to consider getting back in leading up to earnings release (at least, a small position). An upcoming positive announcement could easily see Fannie and Freddie back above $10.
Fannie Mae reports Q2 Earnings on August 4. Due to the sharp decline in Treasury yields because of BREXIT, another draw will be required.
Due to the complications that another Treasury draw would bring about, the Treasury is expected to allow the GSEs to be recapitalized before Q2 earnings are announced.
FNMA short term target: $6.50
It should run up here just about $1 per week until the fourth of August Q2 earnings release. Then to $20+ through the middle of August. Common share valuations by Richard X. Bove and Bill Ackman, are in the neighborhood of $20.
Bill Ackman is a billionaire investor and hedge fund manager worth $1.6 Billion. As well as: Founder, CEO, Pershing Square Capital Management, L.P.
There will be major resistance at the $6.50 level.
Of course first we have to get through the $2.50, and $3.50 resistance levels respectively.
IT IS STRICTLY BACKED UP BY PRICE ACTION THEORY WATCH THE MOVES, LOOK AT THE 6 MONTH CHART FOR FMNA, IT IS BUILDING UP.
THE MOMENTUM IS GAINING!
Reply Brief for Class Plaintiffs 07/20/16
Per Curiam
FOR THE COURT
Should be around $6 for Q2 earnings, it may go up a dollar this week or two next week, but by the fourth of August for earnings it should be around $6
NICE OVERALL UPTREND ON THE 6 MONTH CHART
EXCELLENT OPPORTUNITY TO ADD SHARES ON THE CHEAP HERE!
This truly is the investment of a lifetime. Investing in Fannie Mae and Freddie Mac before court decisions are rendered could easily be a 100-400% gain in the short term and much longer in the long term.
$6.50 by August still cheap!
This is going to be crazy. This could be a 100-bagger from here in my lifetime. I do not know how I missed this. The truth is that if this went the other way, the stock would be worth $20-$50. This way is so much better for the commons!
Ackman's valuation with the warrants in play is $20-$50. If you back out the 80% dilution, you quickly get to $100-$250. Odds are that they will be recapitalized by way of some sort of dilutive offering on their way out of the gate instead of through earnings, but the monster upside is inescapable.
We may be just one inch away from going into bullish breakout mode in this security. The voices of the bulls are louder now and the bears are in retreat.
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