Author Topic: FNMA and FMCC preferreds. In search of the elusive 10 bagger.  (Read 3707584 times)

orthopa

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13370 on: August 28, 2019, 06:25:25 AM »
ďIím expecting that Treasury and the administration will lay out their vision of what they think Congress should do, what they think I should do and what they think the Treasury and I should be able to do together in terms of amendments to the share agreements that allow an exit out of conservatorship,Ē Federal Housing Finance Agency Director Mark Calabria said in an exclusive sit down with HousingWire.

The report should discussion about amendment for NWS to end. Finally getting on paper it seems.


orthopa

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13371 on: August 28, 2019, 06:31:07 AM »
https://www.whitehouse.gov/wp-content/uploads/2018/06/Government-Reform-and-Reorg-Plan.pdf

Starting on page 76 maybe a large portion of what we see in the plan.

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13372 on: August 28, 2019, 06:32:21 AM »
A wise husband, a wise father, asks God for help. Don't be a prideful, self-reliant fool. "Father, lead me, 'cause I can't do this alone..." Lead Me by Sanctus Real: https://www.youtube.com/watch?v=yLr6G8Xy5uc

allnatural

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13373 on: August 28, 2019, 06:54:23 AM »
You can't margin OTC securities like the PFDs.

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13374 on: August 28, 2019, 08:25:50 AM »
You can't margin OTC securities like the PFDs.

beat me to it.  but 100% margin is god's way of telling you to chill

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13375 on: August 28, 2019, 08:40:16 AM »
You can't margin OTC securities like the PFDs.

beat me to it.  but 100% margin is god's way of telling you to chill

It's true. That's in the Bible.  ;)
A wise husband, a wise father, asks God for help. Don't be a prideful, self-reliant fool. "Father, lead me, 'cause I can't do this alone..." Lead Me by Sanctus Real: https://www.youtube.com/watch?v=yLr6G8Xy5uc

Ahab

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13376 on: August 28, 2019, 09:19:43 AM »
Though shalt not YOLO OTC Securities 
Though shalt not depend on the courts to protect property rights...
Long: FNMAT, FNMAN, FMCCL, FMCKO, BAC, JPM, GOOG, JD, MO/PM
Short: PCG, TSLA
Twitter: AhabValue

orthopa

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13377 on: August 28, 2019, 09:28:04 AM »
You can't margin OTC securities like the PFDs.

I've gone on margin buying Preferred against my other holdings before, in fact I am now.  :)

beaufort

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13378 on: August 28, 2019, 12:19:57 PM »
You can't margin OTC securities like the PFDs.

I've gone on margin buying Preferred against my other holdings before, in fact I am now.  :)

This is how I have understood Druckenmiller to have had the slugging percentage that he did.  When a trade is working, pile in.

Edit:  I will add that managing money professionally is different than one's own.  If you are in a daily liquidity product, obviously you cannot pile into Fannie and Freddie prefs.  If you are not, or you are managing your own money, I don't see why you cannot.  My understanding of Druckenmiller is that he was in liquid securities/currencies etc, presumably because he was managing money professionally. 

One more point.  I start with the assumption that everybody on this board is an adult and competent to make their own decisions.  Knock it out Orthopa.
« Last Edit: August 28, 2019, 01:52:34 PM by beaufort »

muscleman

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13379 on: August 28, 2019, 01:09:13 PM »
You can't margin OTC securities like the PFDs.

beat me to it.  but 100% margin is god's way of telling you to chill

true but no one currently has 100% in this. Letís say someone has 50% of his folio in BRK.B and 50% in this, then he can lend out his BRK shares to get the margin loan to buy more FNMAS.

But come on... why are people discussing this? Iíve seen countless times when inexperienced investors are myopia on only one scenario, the one that makes him money. They never bother to consider alternatives, and when people present a different view, they get pissed.
I am muslceman. I have more muscle than brain!