Replies to post #12668 on All Traders Supreme

[Bodach]

FNMA is great for long term imo. I don't think the conservatorship in it's current form can trump the 5th amendment. However, I think it's going much lower now since it didn't break the dollar. .60s - .70s even.

The "lull" period before these earnings was about a month and a half. It was semi-expected that the DTAs would be used. Now that they've been used, there is nothing more on the horizon except waiting for the government to change it's plans.

That expected waiting time will now, imo, drop this hard.

We'll see; but I don't expect this to pop now since it couldn't beat the dollar.

Could be wrong. But I've been following it a while.

Hate to say it.

[Cobra Kai]

FNMA- I think its getting ready to go back up soon likes a little support defending the 92's currently but Im not sure the ceiling is very high in the short-term its had lots of trouble breaking a dollar recently- it probably trades between 92-97 cents

[Cobra Kai]

FNMA- I think its getting ready to go back up soon likes a little support defending the 92's currently but Im not sure the ceiling is very high in the short-term its had lots of trouble breaking a dollar recently- it probably trades between 92-97 cents

[Bodach]

FNMA -- I'm not really optimistic for the very short term based on the earnings. I think this will become a focal point over the course of the day:

The applicable capital reserve amount will be $3.0 billion for 2013 and will be reduced by $600 million each year until it reaches zero on January 1, 2018. For each dividend period beginning in 2018, the dividend amount will be the entire amount of our net worth, if any, as of the end of the immediately preceding fiscal quarter. Based on the terms of the senior preferred stock purchase agreement with Treasury, we expect to pay Treasury a dividend for the second quarter of 2013 of $ 59.4 billion by June 30, 2013. Accordingly, our net worth, on a pro forma basis as of March 31, 2013, adjusted for the dividend to be paid by June 30, 2013, is $ 3.0 billion , the applicable capital reserve amount.

Still think it's a great long term play, and the conservatorship will eventually turn in the investors' favor. But today... I don't know. The horizon for now is just waiting again. The DTAs are out. Now... gotta wait on the government.