Replies to post #8558 on Value Microcaps Zip Code Changers

[littlefish]

researcher, FNMA- I got up and saw it in the $4.7s thinking maybe I should sell a little more but only have a little left so went along for the ride. Crazy even just having a little bit.

Thank goodness I don't have a bunch, my wife probably would've seen it in the AM when I did and then seen the plunge not thinking of how far it has climbed but only how far it dropped intraday and closed LOL. She woulda been in shock and 'woe is me' I'm guessing.

Did U ever play the preferred (FNMAS) I was mentioning? They've been very strong, even up today as the common got hammered, and just saw some hedgfund apparently bet about $500 mill on those preferreds (and Freddie's). Didn't see anyone respond so guessing maybe no one got into them. I didn't either (ah well).

[littlefish]

Researcher, SFD yay! FNMA tanked today but SFD finally woke up. :-)

Did U grab any last year?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78333171

Geez just think if went big on those FNMA, FMCC, and SFD. Only have 200 SFD left and those positions were smallish but I'll take it. Helped offset the FNMA whack today.

Probably sell half SFD tomorrow to take the buyout pricing it had baked in today.

I gotta start looking for and concentrating on stuff again. No good ideas right now.

[littlefish]

Researcher, FNMA- this must be why they got spanked today I'm guessing...

http://www.reuters.com/article/2013/05/29/usa-fannie-freddie-idUSL2N0EA1TB20130529?feedType=RSS&feedName=marketsNews&rpc=43


"The Senate group, which is being led by Corker, is expected to propose a newly chartered institution that guarantees principal and interest payments on mortgage-backed securities. Lawmakers would likely create an explicit federal guarantee or employ a government insurance structure."

Oy... Off top of head IMO looks like the big bank lobbying peeps have been busy after having to pay some of the fines for their... Whatchamcallit lending deeds. Now they get an explicit guarantee on interest payments? Nice... Wurkit yuh...