The insiders won't stop selling. CFO just sold some at 8ish last week. What does it tell you ? Too bad I'm sitting at a loss. Should have bought more FMCC and FNMA instead.
Buy all you can. I'm thinking of liquidating my GRPN position. This POS is going nowhere. FNMA and FMCC will be given a new life if government starts unwinding. They were trading in the 40s prior to the housing boom. Why would they be worth $5 ? I started buying at $1.5.
good for you. I saw it when I got out of a meeting but the laptop was being fixed so I missed the flash crash. It was chance of a life time.
I'm invested in FNMA and FMCC. If the government unwind their position, will the common shareholders be given new shares ? and how is the value being calculated ?
I've never bought shares of chapter 11 companies like American Airlines or United so no sure how this comes out. If I get new shares, that would be better to hold long term.
Will they get a lawsuite from Fairholme and other big holders ? The government just can't unwind and leave the common shareholders in a bag. They will get many lawsuits.
does that mean that both ticker symbols will ceased to exist ? where is the exit ? or are they going to buy it back from us ? I'm still a confused on the resolution. Is Fairholme taking profits now ?
I want to buy more. My first position was $1.5 and have been adding until til $2.99 last month. Was waiting for shift some money around but then the last few days these 2 stock just rocked starting with the news of the Fed court ruling. I thought the news of Fairholme 10% holdings were disclosed before end of the year. Why is it resurfacing again ?
Even my PBPB has rebounded $2 from the low after earnings. GRPN has been weak after a dead cat bounce yesterday. We'll need to watch volume but it will be a while until it returns to $10. Dead money for me but thank goodness I own FNMA and FMCC.
whether it is restaurants, clothing etc. The economy will have an explosive growth in 2 weeks. Get ready as we'll be heading back to $26.
Now the hedge funds are covering and scooping up more to kill the retail shorts. Most retail shorts would have shorted just before earnings so I would say that their profits are almost gone.
Will buy more. These are bargain prices. I think smart money will come in on Monday. It was a day to pound it hard given that it is a Friday.
The explanation is really lame. The journalists are saying that the first quarter forecast of net loss due to consolidation of recent acquisitions is a 'surprise' as they have forecast a profit. When do the analysts think the company will recognize the costs ? 5 years down the road ? that is crazy. Better to recognize now and get it over with.
how do analysts' know when the company is booking the consolidation cost ? once the CC starts, management can explain and I can bet that they are watching the stock prices now and be ready to explain the so called 'forecast surprise'.
you think Amazon knows how to control costs ? why are they booking losses for many quarters ?