Author Topic: FNMA and FMCC preferreds. In search of the elusive 10 bagger.  (Read 4530064 times)

orthopa

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13690 on: September 10, 2019, 09:43:36 AM »
Taking the last couple of days unless you think preferred gets less then 50%ish in a conversion it makes sense to keep adding or even lever up if you have the balls.  8)


Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13691 on: September 10, 2019, 10:21:35 AM »
Taking the last couple of days unless you think preferred gets less then 50%ish in a conversion it makes sense to keep adding or even lever up if you have the balls.  8)

These things are still so insanely cheap.  Heck, some at 41% of par (FMCCL)!
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DRValue

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13692 on: September 10, 2019, 10:30:47 AM »
Taking the last couple of days unless you think preferred gets less then 50%ish in a conversion it makes sense to keep adding or even lever up if you have the balls.  8)

These things are still so insanely cheap.  Heck, some at 41% of par (FMCCL)!

Are they liquid enough to buy though? Is that the ask?
[E]xpedience does not license omnipotence.

Not Investment Advice. Do Your Own Research.

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13693 on: September 10, 2019, 10:41:08 AM »
Taking the last couple of days unless you think preferred gets less then 50%ish in a conversion it makes sense to keep adding or even lever up if you have the balls.  8)

These things are still so insanely cheap.  Heck, some at 41% of par (FMCCL)!

Are they liquid enough to buy though? Is that the ask?

20.50/21.00 - highly illiquid
The Atheist Delusion, watch here: https://www.youtube.com/watch?v=ChWiZ3iXWwM

DRValue

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13694 on: September 10, 2019, 10:48:19 AM »
Taking the last couple of days unless you think preferred gets less then 50%ish in a conversion it makes sense to keep adding or even lever up if you have the balls.  8)

These things are still so insanely cheap.  Heck, some at 41% of par (FMCCL)!

Are they liquid enough to buy though? Is that the ask?

20.50/21.00 - highly illiquid

Tight spread, will take a look. Cheers.
[E]xpedience does not license omnipotence.

Not Investment Advice. Do Your Own Research.

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13695 on: September 10, 2019, 10:52:24 AM »
Tight spread, will take a look. Cheers.

Never much inventory on the ask though.  Took me a long time to build up a good sized position.

Most likely priced so cheap due to illiquidity... can't get out of them if you need to.  If in for the long-haul then they are a great bet.
« Last Edit: September 10, 2019, 10:56:04 AM by Luke 5:32 »
The Atheist Delusion, watch here: https://www.youtube.com/watch?v=ChWiZ3iXWwM

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13696 on: September 10, 2019, 10:55:59 AM »
given the big collins APA win and Crapo's exhortation to mnuchin to start up administrative reform (and Kennedy's exhortation to calabria to "saddle up"), the last few days have been most excellent. 

muscleman

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13697 on: September 10, 2019, 11:16:48 AM »
given the big collins APA win and Crapo's exhortation to mnuchin to start up administrative reform (and Kennedy's exhortation to calabria to "saddle up"), the last few days have been most excellent.

Yeah I agree. However the news is not powerful enough to disrupt the TA patterns. I am turning bullish though and looking for an entry when TA sets up.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=5&cad=rja&uact=8&ved=2ahUKEwja1IOV7sbkAhWqIjQIHc6kCEsQFjAEegQIABAG&url=https%3A%2F%2Fwww.cbsnews.com%2Fnews%2Fmike-pompeo-steven-mnuchin-speak-news-conference-live-stream-today-2019-09-10%2F&usg=AOvVaw2Pp2jJq1PaUeveneFNLoJt
I wonder if the rumors about Mnuchin and Pompeo resignation last month is real. It seems to me that all these rumors are.
I am muslceman. I have more muscle than brain!

cherzeca

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13698 on: September 10, 2019, 11:33:50 AM »
we can expect the NWS to be stopped (and no 2Q dividend distribution) and a commitment fee for the treasury line sometime before end of month.  I wouldn't be surprised if nothing much happens and trading prices trend downward in the interim, though I think stopping the NWS should be taken as a formal kickoff for admin reform and should start an uptrend in prices thereafter.

Luke 5:32

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Re: FNMA and FMCC preferreds. In search of the elusive 10 bagger.
« Reply #13699 on: September 10, 2019, 11:45:27 AM »
we can expect the NWS to be stopped (and no 2Q dividend distribution) and a commitment fee for the treasury line sometime before end of month.

Music to my ears.
The Atheist Delusion, watch here: https://www.youtube.com/watch?v=ChWiZ3iXWwM