If the feds are watching, it just doesn't make sense for the ask to drop to a price below the last sale unless there is someone manipulating it or some collusion.
Here we go again. Someone sure is trying to drive it down. Good news is coming soon and some one is trying to profit from it.
Because only one market maker is required for an OTC stock, manipulation is rampant. We must pressure the Board to relist the stock to end this rampant theivery
Right wing rag, forgot that Bush, Paulson and company took em over to begin with. Good try, but no history rewrite here. Got to blame previous administrations for this mess
To begin with FMCC is not marginable. It is not listed on a major exchange and is technically a penny stock, so a margin account will not help you yet. If the shares are re-listed then maybe you could use the capability. Secondly most day trade accounts have to be approved as you are trading on unsettled funds. If you day trade in an unapproved account, you may have the account restricted from trading for a time.
Almost all of the $50 preferreds have moved down to the same approximate price on almost no volume and swap trades. I ask you again, where in the SEC. This is clear market maker manipulation. It should be easy to find put who is responsible, but where are the enforcement agencies
Some market makers are sure trying to shake some shares loose, but the number of swap trades indicate that they are just moving shares from one account to another to paint the tape and scare up some sellers. Where's the SEC today
How embarrassing it will be if the courts rule in the shareholders favor. The president and the treasury acted illegally in the taking of the GSEs
What happened to the 50,000 shares of FMCCT for sale @ 14.00. They just evaporated after 2600 shares traded. What a joke. Hold em until the courts rule, thats the only fair price you get in a manipulated market.
They are already directly connected to the taxpayer with an 80% stake but their shares are junior to the original preferreds. As it stands now, the common has no worth unless the preferreds are paid out.. For the government to control calling the ppreferreds is essential.
If I were in charge and wanted to take over the GSE's without a court battle,I would just call the preferreds at par and exercise the warrent. That gives you 80% controlling stake and the ability to do what you want without a court battle.
They will all be long gone and Fannie and Freddie will not. The only way to wind them down is to buy them out first. Anything else is going to violate the conservation requirement of the conservatorship. Oh, and we should not forget the compensation from potential legal losses for actions already taken, GSE investors will be made whole, its the law not politics. Change the future, possibly, change the past, not possible the republicans have already tried
When the smoke clears today the prices will be higher. HFT guys don't hold positions so they won't stay short over night. Watch the common climb back as they have to cover. All they are doing is creating a false demand parameter. There is still a great long position demand here for all issues. Once one of the courts weigh in, everything GSE will Skyrocket
OTCBB is considered an exchange and market makers and securities transactions on that exchange are subject to the same regulations as every other FINRA regulated entity. Maybe they are not watching, but it is their job to do so.
Where are thfrom investorse securities police when the MM is trying to steal