James48843 Account Talk

[James48843]

$4.28 this morning already.

Still hanging on.

I KNOW I should bail out now.

NOO stock goes up 25% a day for two days in a row.

But I can't get myself to part with it.

Arrrgg..... the agony.....

 

[James48843]

P&F chart for FRE just did a reversal, with a new price objective of $7.50.

View attachment 4540​

thank you Lord.

 

[luv2read]

nice bottom-picking, James!

 

[Show-me]

James,

Still holding it? Two up days in a bear market, sell, sell, sell. With the size of the moves it is making.

 

[James48843]

Two days up about 20% each day.

And still holding.

After hours is positive. It peaked today at $4.28, and then the profit taking kicked in. I was left holding as it dropped back into the $3.80's, but held.

I think tomorrow we're going to have another positive day.

See, at $4, freddie is still a bargain, because either:

1. the federal government HAS to step in, in which case the value plummets to nil, OR
2. the feds don't have to step in, in which case Freddie survives, and the shares come back big time.

The auction Monday went ok- they got $2 billion additional for sales, and that means they won't go under this week (or they shouldn't have to, anyway). So we get a couple more days to think about it.

And unless it drops under a buck, the federals won't interfere and buy it out. So I have at least a two buck cushion under me before I really have to worry about losing it all.

And 15% up days don't lend themselves to panic selling, now do they?

So I hang on- and hope for $5 in the next couple days, which IS very possible.

Lord willing.

 

[James48843]

Freddie up big in pre-market trading- another 15% before the market opens.

Thank you Lord.

 

[Guest2]

Up +13.10% (You Go Boy!)

When does it turn into a hog ?

 

[tsptalk]

You must be living right. I went into today short Fannie at an average price of 5.86 and covered at 6.05 for a loss of .21.

I went to short Fannie again over 6.30 and Scottrade did not have any available to short. So I shorted Lehman at 15.09 instead.

These are short-term trades that I probably won't keep over night, I'll keep a tight stop and take profits quickly.

I've also been picking up some SOL on dips and taking profits quickly. There are a few that I watch. I haven't traded the UNG or SLV that show-me has been playing, but I'm watching them for good entry points.

 

[Show-me]

Ride baby ride! Nice job!

 

[James48843]

Up +13.10% (You Go Boy!)

When does it turn into a hog ?

Three days in a row +15%.

that's about it for a while. I thnk we're goign to go horizontal for a while after today.

I think it will actually drift upwards to $5.60 to $6 before it turns down again. No more 15% days, but a steady drift up is more like it. There is no reason why Freddie isn't a six dollar stock right now.

Remember this- Herbert Hoover, and lazifare.

That's exactly what we have now in the Fed. No intervention unless it's AFTER an event. and Freddie is still viable today. So we won't get intervention any time soon.

Plus- and you think what you will on this one- The Lord is with me on this particular one. It's not me- it's Him. I'm holding on for now. There is a reason for that, and I understand that He is in charge.

 

[James48843]

I went into today short Fannie at an average price of 5.86 and covered at 6.05 for a loss of .21.

I don't think now is a good time to try and short these puppies. Too many others trying to do the same.

But best of luck.

 

[James48843]

Note new price objective on FRE- moved up to 9.

View attachment 4546​

I think 9 is too high- but- that's what http://stockcharts.com says.

They report- you decide.​

 

[Steadygain]

Peter Wallison's book of 7/01 "Serving Two Masters, Yet Out of Control: Fannie Mae and Freddie Mac" showed how these Government-Sponsored Enterprises (GSEs) had 2 ultimately irreconcilable roles as publicly owned corporations and government agencies; and proved it would fail.

With his 9/04 book "Privatizing Fannie Mae, Freddie Mac and the Federal Home Loan Banks: Why and How" he spelled out the details of why and how it would happen.

James - I am THRILLED for you !! You timed that very well. It was an excellent decision - as the sovereignty of these industries can in no way fail and thus have been a huge priority. Things had to happen to bring about the change - the loss to the previous share holders is of little consequence when it appears the whole economy was going down the drain. You're a smart man; (buy LOW and sell HIGH).

 

[Davehop21]

Steady, why didn't you just say tire tracks all across your back I can see you have had your fun.
Dave

 

[tsptalk]

Fannie is halted after hours, news pending.

They said just the preferred shares are halted, which might be good news.

Common shares closed at 6.48. Let's see what happens.

 

[James48843]

Fannie is halted after hours, news pending.

They said just the preferred shares are halted, which might be good news.

Common shares closed at 6.48. Let's see what happens.

Fannie May is having a Management shakeup. But it's not good news for Fannie. Most of it is just "Chinese Fire Engine" moves- i.e. one executive moving to another position within the company, not fresh blood from outside.

Fannie Mae said CFO Stephen Swad, who joined the company last year from Internet company AOL LLC, is leaving to "pursue other opportunities" in the private equity business. He is being replaced by David C. Hisey, formerly Fannie's senior vice president and controller.


Peter Niculescu, formerly head of the company's capital markets business, was named chief business officer, replacing the retiring Robert J. Levin.
Michael Shaw, formerly a senior vice president for credit risk oversight, is taking over as chief risk officer for Enrico Dallavecchia, who is also leaving the company "to pursue other opportunities in finance and risk management."


But banking industry consultant Bert Ely, a longtime Fannie and Freddie critic, was unimpressed by the changes, noting that the company promoted current executives, rather than hiring from outside.


"I don't see these changes making a dramatic difference in how the whole Fannie and Freddie fiasco plays out," Ely said.

Treasury today said "no news today on Freddie". So I think that means we're good through tomorrow, anyway.



I've got a stop set on part of it anyway- had to go on the road this afternoon, so I set a stop set just in case I get blindsides while not near a computer.....




Freddie, you been very, very good to me...:cheesy:


(Note: Wasn't Freddie in a movie once? Let's see- wasn't it something on Elm Street.... ? ? ? Now, dang- what was that movie title....???

 

[JTH]

Now, dang- what was that movie title....???

That Nightmare on Elm street was some scary stuff to watch when I was a kid.

 

[James48843]

Freddie opens at $5.25, and now has drifted back to $5.10.

Still holding.

I still think $5.20 today, then drifting higher over the next few days to $6. Then a pause for a while. I have no idea after that.

 

[FogSailing]

GL James...I don't want to believe they'll tank further...let's all hope there isn't another real estate slide...for the sake of the country..

FS

 

[Steadygain]

Freddie opens at $5.25, and now has drifted back to $5.10.

Still holding.

I still think $5.20 today, then drifting higher over the next few days to $6. Then a pause for a while. I have no idea after that.

The game plan is as follows: The Government will take full control but do it in various stages. The first stage is letting them fall under economic hardships beyond what they can handle and when that has played out well - they will desperately need "money" to survive. This stage has already transpired and the deal is done - already in place. The second stage (which is where we are now) is giving them a chance to raise "the required amount" to avoid "take over". This gives the current executives and power players the opportunity to show their unending efforts and life giving attempts to survive. The third stage is the "take over" - which is fundamental to the economy and in the end all of us will be way better off.