Shorties on FNMA are all holding their breath. Maybe they can just not trade, pop the price down a wee bit and no one will notice (today). Wait until the word gets around that the days-to-cover is about 50. LOL.
And it won't be in 2017
Fannie Mae posted the dividends that *would be* paid on the jr. pfd. *if* they were re-instated a few weeks ago. Our dear Carney - as in carnival act - posted something about Fed Res NOT allowing dividends to jr. or common. Hmmm. Nope. Nothing here, folks. Pay no attention.
"nobody wants a witch hunt"
I do. I vote for witch hunt. Henry Paulson first. Should be in jail, IMO.
At the very least, want to see him stammer. Unlike Congress grillings, he won't have a 5 minute clock to run out on questioning.
Yo-yo and yes, shorts love to get those emotional highs and lows. Esp. when they are contrived "lows". There is nothing happening which takes away from the duopoly and how they can obscond forever. At some point, with no other option, Fannie and Freddie will see the light of day. This will be great for shareholders and the American taxpayer and home-owners.
Daytraders and MM only give committed longs opportunities to add. Can't believe I got FMCC for 2.27 yesterday. TY.
Rrring-rrring-rrring. It's the alarm clock. Congress' snooze has gone off again and they have hit the sleep button too many times. Wade through the noise and you will see this is a big, big deal.
Where is this plan? Race will be on from Republicans to claim the victory vs. Democrats' desire to do so.
"We gawt the tahxpayer owff the hoook, aind we here gotcha a $200 billion gayin, too" Jeb Hensarling will appear to be a miracle worker.
I'll remind you later.
Chances are a lot better for $1 or $2 up than $1 or $2 down. Every cheap share a LT investor gets today is one a short-term shorter will have to buy back.
Haveagoodweekend all - get some fresh air, huh?
Don't think so. On 500k volume, maybe. LOL. Shorts have a very short leash. FHA meetings (2) and no FHFA meetings, as yet. I'm sure we all want to see under Hillary's laptop and want to get the Republicans to secede from the Union, but they will get back to work at some point... right?
2.64 FNMA, 2.53 FMCC - my best pickups in a while.
Shorts can't have much ammo and must be sitting on the edge of their seats, wondering when the curtain drops and the musical chair swapping ends.
I'm saying that you have (almost) always been able to get back in cheaper. But, on about 3 occasions, you could not. This may be one of those. Frankly, it looks like it is. There haven't been that many fake outs with large volume - esp. when the short count was so high.
Good luck getting back in at 2.47, 1.60, or whatever your goals may be.
Logic - poor name choice. First rule at the track. Never bet on something to happen that hasn't happened before. And, the straight up moves HAVE happened before.
Seriously. The markets closed tomorrow. Take some time off. Enjoy a hot choco or other warming libation.
The end is nigh for this saga, and those that have waited 6.5 years will be rewarded for their patience.
Conservatorship was never meant to be permanent, and with that, the end must come... at some point.
And, if you think the hate of Fannie and Freddie extends to leaving $200B on the table, then go ahead and plan that scenario for yourselves. Ackman, Berko and now the media are well aware that the government has drug their feet and delayed long enough. 2015? 2016? It will come.
No matter how many posts people make, the inevitable will come.
Happy President's Day and enjoy yourselves... a little.
Something finally happening. Oops.