Author Topic: FNMA and FMCC preferreds. In search of the elusive 10 bagger.  (Read 3435049 times)

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12960 on: July 15, 2019, 12:32:31 PM »
FNMAS has traded more shares today than FNMA.  Not sure I've seen that before, although I haven't compared historical volume.  I post this as nothing more than an interesting observation.
Take 4 minutes and listen to it. "Stars" by Skillet: https://www.youtube.com/watch?v=TbLJyjfyACM


Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12961 on: July 15, 2019, 12:43:23 PM »
https://twitter.com/CGasparino/status/1150849333383835648
SCOOP: @USTreasury unlikely to advocate privatization as a viable option in @FannieMae @FreddieMac reform-sources; Treasury complaining lack of personnel w GSE skills slowing reform, timetable uncertain-sources more 345pm @FoxBusiness @LizClaman $FNMA $FMCC
Take 4 minutes and listen to it. "Stars" by Skillet: https://www.youtube.com/watch?v=TbLJyjfyACM

muscleman

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12962 on: July 15, 2019, 12:43:39 PM »
What makes you think that, muscleman?


I have more time now so Iíll elaborate. One of the members said a few times that we were all fine because the price has never breached the 5 month MA. It was breached last Friday. Did he sell? I am 100% sure he didnít because the way he was talking about the MA was clearly a rationalization to come up with reasons for holding. The other member privately messaged me that he didnít believe the top was in because he didnít see high volume down days, which we saw last Friday. Did he sell? Did he sell? I am 70% sure he didnít either. Please let me know if my guesses are correct.

I feel confident about my guesses because Iíve gone through all of these myself.
I am muslceman. I have more muscle than brain!

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12963 on: July 15, 2019, 01:05:24 PM »
https://twitter.com/PaulMuolo/status/1150855958060576769
The Treasury plan to reform FanFred is at the White House, has been for weeks. Will it see the light of day? Yes. but who gets to see it first? And will it be set in motion?
Take 4 minutes and listen to it. "Stars" by Skillet: https://www.youtube.com/watch?v=TbLJyjfyACM

Midas79

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12964 on: July 15, 2019, 01:16:28 PM »
FNMAS has traded more shares today than FNMA.  Not sure I've seen that before, although I haven't compared historical volume.  I post this as nothing more than an interesting observation.

By my data, today is the 41st time this has happened out of the 888 trading days since the start of 2016.

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12965 on: July 15, 2019, 01:17:47 PM »
FNMAS has traded more shares today than FNMA.  Not sure I've seen that before, although I haven't compared historical volume.  I post this as nothing more than an interesting observation.

By my data, today is the 41st time this has happened out of the 888 trading days since the start of 2016.

Thanks for the info, so not rare as it happens ~5% of the time.  I admittedly don't watch volume and price action each day.
Take 4 minutes and listen to it. "Stars" by Skillet: https://www.youtube.com/watch?v=TbLJyjfyACM

allnatural

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12966 on: July 15, 2019, 01:32:14 PM »
Seems like this isn't such a big deal. If you listen to his Fox Interview, it sounded like government doesn't want to "TOTALLY" privatize the GSEs, as in there will always be some sort of government backing of some kind. Which has always been the assumption here. I don't believe many people thought they would be fully privatized with ZERO government backing. The Trump memo even asked for ways for the government to be compensated for their support whether implicit or explicit. Non-story.

He also mentioned plan still coming but timing unknown.

https://twitter.com/CGasparino/status/1150849333383835648
SCOOP: @USTreasury unlikely to advocate privatization as a viable option in @FannieMae @FreddieMac reform-sources; Treasury complaining lack of personnel w GSE skills slowing reform, timetable uncertain-sources more 345pm @FoxBusiness @LizClaman $FNMA $FMCC

DRValue

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12967 on: July 15, 2019, 01:36:03 PM »
Seems like this isn't such a big deal. If you listen to his Fox Interview, it sounded like government doesn't want to "TOTALLY" privatize the GSEs, as in there will always be some sort of government backing of some kind. Which has always been the assumption here. I don't believe many people thought they would be fully privatized with ZERO government backing. The Trump memo even asked for ways for the government to be compensated for their support whether implicit or explicit. Non-story.

He also mentioned plan still coming but timing unknown.

https://twitter.com/CGasparino/status/1150849333383835648
SCOOP: @USTreasury unlikely to advocate privatization as a viable option in @FannieMae @FreddieMac reform-sources; Treasury complaining lack of personnel w GSE skills slowing reform, timetable uncertain-sources more 345pm @FoxBusiness @LizClaman $FNMA $FMCC

Ah so it's a clickbait tweet. Recap and release is still on, but it'll still be govt subsidised and not a fully private system.
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Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12968 on: July 15, 2019, 02:05:55 PM »
Seems like this isn't such a big deal. If you listen to his Fox Interview, it sounded like government doesn't want to "TOTALLY" privatize the GSEs, as in there will always be some sort of government backing of some kind. Which has always been the assumption here. I don't believe many people thought they would be fully privatized with ZERO government backing. The Trump memo even asked for ways for the government to be compensated for their support whether implicit or explicit. Non-story.

He also mentioned plan still coming but timing unknown.

https://twitter.com/CGasparino/status/1150849333383835648
SCOOP: @USTreasury unlikely to advocate privatization as a viable option in @FannieMae @FreddieMac reform-sources; Treasury complaining lack of personnel w GSE skills slowing reform, timetable uncertain-sources more 345pm @FoxBusiness @LizClaman $FNMA $FMCC

Thanks.  Here's the clip: https://video.foxbusiness.com/v/6059461043001/#sp=show-clips
Take 4 minutes and listen to it. "Stars" by Skillet: https://www.youtube.com/watch?v=TbLJyjfyACM

Midas79

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #12969 on: July 15, 2019, 02:12:35 PM »
Thanks for the info, so not rare as it happens ~5% of the time.  I admittedly don't watch volume and price action each day.

I watch the price action more closely than most here, mainly in order to trade small amount of prefs around when opportunities present themselves. For example, I was able to sell some FNMAM for $19.99 and immediately turn around and buy the same amount of FNMAK for $19.55. It's picking up pennies, but the steamroller doesn't have a chance to move in between.

According to my database, FNMAS's dollar volume (approximated by closing price times volume) has actually exceeded that of FNMA 603 times over those 888 days, and FMCKJ's has exceeded FMCC's 480 times.