Author Topic: FNMA and FMCC preferreds. In search of the elusive 10 bagger.  (Read 4918144 times)

allnatural

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #16270 on: November 27, 2020, 01:23:26 PM »
Re: Collins you have it backwards. There are 2 scenarios here:

1) Collins case is dropped (as a result of PSPA amendment and/or settlement). Calabria's job would be safe until this issue is re-litigated by Biden back to SCOTUS (probably sometime in 2022 as it would have to make its way through the DC circuit first).
2) Collins case isn't dropped (no PSPA/settlement). Calabria will be removable by Biden as soon as the Collins ruling is released (May-June).

As you can see the Admin and Calabria have a large incentive to get rid of the Collins case during the lame duck. Regardless, the earliest Calabria gets removed is May/June, and potentially into 2022 if the Collins case goes away shortly (by giving shareholders the remedy they desire via a PSPA amendment).


They waited until the last possible day for the letter agreement.  January is likely the decision point on whether a 4th amendment occurs.

From commentary on this board it appears the Collins case probably needs to go ahead on Dec 9 to avoid a quick firing of Calabria at will soon after Biden's inauguration.


COBFInfinity

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #16271 on: November 30, 2020, 06:37:49 AM »
Interesting action in $50 preferreds to start the morning. Someone has bid exactly $17.50 for exactly 4,285 shares each (comes to just under $75,000 each) on FREJO, FMCKK, FREJP, FMCCO, FMCKP, FREJN, FMCCH. I've been watching these tickers a long time and have never seen such coordination across issues. Someone wants to get in.

typicalvalue

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #16272 on: November 30, 2020, 06:51:07 AM »
Interesting action in $50 preferreds to start the morning. Someone has bid exactly $17.50 for exactly 4,285 shares each (comes to just under $75,000 each) on FREJO, FMCKK, FREJP, FMCCO, FMCKP, FREJN, FMCCH. I've been watching these tickers a long time and have never seen such coordination across issues. Someone wants to get in.

Could be this by Ackman (it's recommending commons but as a side effect on the pfds)?

https://www.youtube.com/watch?v=_UAprkduLoo

Btw don't know how he arrives at his target given the insurmountable amount of capital needed
« Last Edit: November 30, 2020, 06:54:10 AM by typicalvalue »

COBFInfinity

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #16273 on: November 30, 2020, 07:02:41 AM »
Interesting action in $50 preferreds to start the morning. Someone has bid exactly $17.50 for exactly 4,285 shares each (comes to just under $75,000 each) on FREJO, FMCKK, FREJP, FMCCO, FMCKP, FREJN, FMCCH. I've been watching these tickers a long time and have never seen such coordination across issues. Someone wants to get in.

Someone is hitting most of these bids. Someone else wants to get out. That's what makes a market, I guess.

typicalvalue

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #16274 on: November 30, 2020, 07:12:58 AM »
Interesting action in $50 preferreds to start the morning. Someone has bid exactly $17.50 for exactly 4,285 shares each (comes to just under $75,000 each) on FREJO, FMCKK, FREJP, FMCCO, FMCKP, FREJN, FMCCH. I've been watching these tickers a long time and have never seen such coordination across issues. Someone wants to get in.

Someone is hitting most of these bids. Someone else wants to get out. That's what makes a market, I guess.

There are a lot of trapped longs on this trade, its not a surprising  behaviour that are exiting once they reach BE or at small loss.
« Last Edit: November 30, 2020, 07:15:48 AM by typicalvalue »

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #16275 on: November 30, 2020, 07:25:21 AM »
Interesting action in $50 preferreds to start the morning. Someone has bid exactly $17.50 for exactly 4,285 shares each (comes to just under $75,000 each) on FREJO, FMCKK, FREJP, FMCCO, FMCKP, FREJN, FMCCH. I've been watching these tickers a long time and have never seen such coordination across issues. Someone wants to get in.

That's only about $500,000.  Irrelevant, IMO.
« Last Edit: November 30, 2020, 07:36:08 AM by Luke 5:32 »
"Way maker, miracle worker, promise keeper..."  God is a promise keeper. You can rest in the hope and assurance that He is true to His word.  But it is also a warning that He will keep His promises to those that choose a life of unrepentant sin. https://www.youtube.com/watch?v=XCpbeVFgs4E

typicalvalue

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #16276 on: November 30, 2020, 07:26:51 AM »
Interesting action in $50 preferreds to start the morning. Someone has bid exactly $17.50 for exactly 4,285 shares each (comes to just under $75,000 each) on FREJO, FMCKK, FREJP, FMCCO, FMCKP, FREJN, FMCCH. I've been watching these tickers a long time and have never seen such coordination across issues. Someone wants to get in.

That's only about $500,000.  Irrelevant, IMO.

Any news on the PSPA timing? Have you spoken with your source? Thx Luke

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #16277 on: November 30, 2020, 07:28:41 AM »
Any news on the PSPA timing? Have you spoken with your source? Thx Luke

Haven't received an update, so previous stance of highly confident PSPA by Inauguration is probably still my source's view.
"Way maker, miracle worker, promise keeper..."  God is a promise keeper. You can rest in the hope and assurance that He is true to His word.  But it is also a warning that He will keep His promises to those that choose a life of unrepentant sin. https://www.youtube.com/watch?v=XCpbeVFgs4E

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #16278 on: November 30, 2020, 07:29:52 AM »
https://twitter.com/SalehaMohsin/status/1333425021700730883
Mnuchin testifies twice this week:
- Tomorrow, 10am before Senate banking
- Wednesday 10am before House financial services
Per @USTreasury public engagements calendar
"Way maker, miracle worker, promise keeper..."  God is a promise keeper. You can rest in the hope and assurance that He is true to His word.  But it is also a warning that He will keep His promises to those that choose a life of unrepentant sin. https://www.youtube.com/watch?v=XCpbeVFgs4E

orthopa

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #16279 on: November 30, 2020, 09:28:11 AM »
https://twitter.com/SalehaMohsin/status/1333425021700730883
Mnuchin testifies twice this week:
- Tomorrow, 10am before Senate banking
- Wednesday 10am before House financial services
Per @USTreasury public engagements calendar


It looks like this is regarding CARES with Powell. I would not be surprised to see someone on the committee (warner) ask about the GSEs with his letter out there needing a response. Expections for anything in the near term before wed should be low.