I guess FnF is his big bet for come back, without his 10% buy FNMA would be still at $1.50ish. Now, you just need more big buyers and good news from the Gov't - NOT news from investing firm who's suiting the US.
" Bill Ackman. The hedge-fund titan potentially lost nearly $500 million on his failed effort to turn around J.C. Penney (JCP). His public battle to drive down the shares of Herbalife (HLF) in order to profit from his short position has cost him possibly $500 million more. Ackman is considered a brilliant investor, but losing a cool billion and underperforming a basic index fund obviously won’t enhance his reputation. "
There are no value in OTCBB stocks. It will slowly drop until Ackman cannot take it, BIG DROP, or he will sell at end of the year for tax write-off - BIG DROP.
Right now, THIS STOCK IS VERY RISKY!!
ie. BAC is on surge after breaking $15. JPM WFC
It wont be long before FNMA, FMCC make another run. Why? Because housing price is NOT coming down. People are greedy, PERIOD.
More like "We now have hand on the cash cow, so we are not giving it back"
That is why we have a lawsuit on Gov't unlawfully seize two of the most profitable company in the world. Check out 3rd Amendment.
instead of $40 as it should be. Even after housing markets are almost back to 90% of 2008. That is.... He is the boss. gov't still controls FnF. Nothing had changed.
Only things different from 6 months ago are: Ackman bought 10% of common shares. Which isn't a bad news.
Going lower this PM, why? because too many amateur bought Fannie and Freddie hoping for big gain. MM will run this stock to under $2 and destroy them all.
Other PRO investor had already sold and waiting for lower, MUCH LOWER from today re-entry point.
You could have bought more share by selling yesterday. Most drop to come. The gain dont hold in OTCBB stock. TIME TO SELL!!
Time to sell is now. More drop to come. Ackman failed buying JCP and looking to make quick bucks in Fannie. He is just doing gambler bet on conservatorship.
There's no such thing as rebound in OTCBB stock, YOU have been dumped. Wait for another year or two before you can ever see a gain!