I bought @ $0.30 in fall of 2012. Bought and sold 3X since and increased my average number of shares. I am up over 6X now. Not sure what to do. Seems to be in a significant uptrend.
Watt will never win confirmation. Loan forgiveness is NOT in the cards. FNMA will be healthy again and released from conservatorship within 2 years.
The size of bids and asks are 100 share lots. NOTHING is happening now. Fireworks usually start 15 minutes before the open. I will keep you posted.
within 2 years they will have $100b in reserves. Loan delinq. rates falling much lower than average interest rates now. Next year (2014) interest rates expected to climb to 4% for 30 yr mortgage further boosting FNMA/FMCC profits.
confident in this. No solution but to release FNMA and FMCC back to private entities. Goodbye US Government, take your profits and leave.
FNMA price will push higher and I expect a good $0.15 boost from covering soon.
Both are a big plus for continued gains in FNMA earnings.
If you had millions of dollars, you would not be buying a 20 cent stock. Buy dividend paying blue chips and throw maybe $10k-$20k at lottery stocks like FNMA was at 20 cents.
Long ago I bought AFCI (advanced fiber communications) for $2 a share. Sold it 4 months or so later at $8 and felt good with the quad gain. 12 months later they were trading at $55 and CSCO bought them for a premium and they shot up to $80 a share. I turned $5,000 into $20,000 but could have had $200,000 worth of CSCO or cash. I doubt FNMA will be purchased by anyone, but I can imagine $30 per share in a few years time.
In a couple years time, when people are buying 100 and 200 share lots, you can come back and post you have 2500 shares that you bought below $1 and they will worship you and an investment genious.
Fed has to make consumer spending increase. What better way then to boost the cost of gasoline and food.