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FNMA - Fannie Mae - Page 61

post #1201 of 1357

Does anybody else need one? LOL.. *Newbie about to drown over here*

 

post #1202 of 1357

Lol I'm a noob, but thank goodness that my wimpy side took over my greed.

post #1203 of 1357

I'm starting to not regret my sell at $3.68. $5 would have been better, but I wouldn't have been able to stomach the swing down to $2.

post #1204 of 1357

hating life

post #1205 of 1357
Quote:
Originally Posted by jpz112 View Post

I'm starting to not regret my sell at $3.68. $5 would have been better, but I wouldn't have been able to stomach the swing down to $2.

 

lol.....thats ok dude, just make sure to learn your lesson.

 

5 years ago when I first learned about stocks and traded/invested in FNM, I bought at 1, it went down to 0.30, 3 weeks later, it popped to 2.60, I didn't know about selling to lock down my profits at that time. I became greedier and deposited more funds and bought more at 2.60. After a while, it tanked back to 1.70.

 

Learned my lesson about penny stocks since then.

 

Another memorable stock was TMA, Thornburg Mortgage, another penny where I made a killing in that year. LOL!!!

post #1206 of 1357

You guys remember a cpl months back when it went to $1.50 or so and then back down to around .55 in the same day??  Shit happens...then it went back up.  Stock definitely hit a bunch of stop losses etc...but in the beginning there was a lot of buys...people still want this to go up...id hang in there.

post #1207 of 1357
Quote:
Originally Posted by dragonxbreath View Post

You guys remember a cpl months back when it went to $1.50 or so and then back down to around .55 in the same day??  Shit happens...then it went back up.  Stock definitely hit a bunch of stop losses etc...but in the beginning there was a lot of buys...people still want this to go up...id hang in there.

 

speak from a guy who bought at 0.32, lol

 

Nah, I mean, you got point booyah.gif

post #1208 of 1357

CCTC was my last penny stock I played and made out well.

 

Lesson learned. No such thing as a bad profit. Better to leave some on the table than to be eating off the floor.

post #1209 of 1357

Still some hope today haha :D come on you SOB

post #1210 of 1357

And SO much money poured into this thing today...well and taken out haha

post #1211 of 1357
Quote:
Originally Posted by Michaelmoe73 View Post

Bouncing crazy, but any idea why? any news?

 

so there is news after all on CNBC.

 

http://www.cnbc.com/id/100773814

post #1212 of 1357

The government and Fannie Mae basically worked together on this one. Talk about sneaky and dirty but they certainly knew what was up. Basically they issued another 470 million plus shares of which the government took a 80% stake in of the total 5.6 billion common shares of which were available for purchase. Most importantly they bought the at a strike price of $0.00001 per share!!!!
Anyone realize how much money they made when that price was driven up to $5.44 today before tanking??!!!

Normal people go to jail for insider deals but when the government issues its self shares at $.00001 per share we will call it part of a bail out package lol.. This is only what they hold in common shares. Have a look at the article as to what they hold in senior preferred shares as well. I wonder how much they got those at.

http://www.thestreet.com/story/11936...cm_ven=GOOGLEN


If they bought 470,000,000 shares at $.00001 that means they invested  $4,700 in Fannie Mae. If they own 470,000,000 shares today at $3+ a share then their worth is 1,410,000,000. Nice profit huh? Does the government have to pay taxes on its own profits? Or are they exempt from taxes just like State cars are exempt from registration?

I wish someone back then offered to let me buy 470,000,000 shares at $.0001 lol.. Heck I would have paid $.00002 double what the government paid lol.. $9,400 would have been a nice investment :)
 

post #1213 of 1357
Lol
Quote:
Originally Posted by jpz112 View Post

I'm starting to not regret my sell at $3.68. $5 would have been better, but I wouldn't have been able to stomach the swing down to $2.

I was kind of hating myself for not selling at 3.15 cuz it dropped back to 2.50 for awhile and I could take advantage of that. But then again how would I know it would gain as much as it did. I tell myself be content with what I get and not to let the greed take the lead.
post #1214 of 1357
Quote:
Originally Posted by Internationalstocks View Post

The government and Fannie Mae basically worked together on this one. Talk about sneaky and dirty but they certainly knew what was up. Basically they issued another 470 million plus shares of which the government took a 80% stake in of the total 5.6 billion common shares of which were available for purchase. Most importantly they bought the at a strike price of $0.00001 per share!!!!
Anyone realize how much money they made when that price was driven up to $5.44 today before tanking??!!!

Normal people go to jail for insider deals but when the government issues its self shares at $.00001 per share we will call it part of a bail out package lol.. This is only what they hold in common shares. Have a look at the article as to what they hold in senior preferred shares as well. I wonder how much they got those at.

http://www.thestreet.com/story/11936...cm_ven=GOOGLEN


If they bought 470,000,000 shares at $.00001 that means they invested  $4,700 in Fannie Mae. If they own 470,000,000 shares today at $3+ a share then their worth is 1,410,000,000. Nice profit huh? Does the government have to pay taxes on its own profits? Or are they exempt from taxes just like State cars are exempt from registration?

I wish someone back then offered to let me buy 470,000,000 shares at $.0001 lol.. Heck I would have paid $.00002 double what the government paid lol.. $9,400 would have been a nice investment :)
 



WOW. Disgusting and somehow Americans will defend the actions of the government. 8/

post #1215 of 1357

I would sell and buy FNMAS if you want to be in this, it actually has a reason to go up right now.

 

Good luck!

post #1216 of 1357
Thread Starter 
Quote:
Originally Posted by Internationalstocks View Post


If they bought 470,000,000 shares at $.00001 that means they invested  $4,700 in Fannie Mae. If they own 470,000,000 shares today at $3+ a share then their worth is 1,410,000,000. Nice profit huh? Does the government have to pay taxes on its own profits? Or are they exempt from taxes just like State cars are exempt from registration?

I wish someone back then offered to let me buy 470,000,000 shares at $.0001 lol.. Heck I would have paid $.00002 double what the government paid lol.. $9,400 would have been a nice investment :)
 

 

Did you just accuse the US Govt of a pump n dump?

 

If you hear the buzzing of a drone engine outside, START RUNNING! laughing.gif

post #1217 of 1357
Quote:
Originally Posted by Gil Oren View Post

Did you just accuse the US Govt of a pump n dump?

If you hear the buzzing of a drone engine outside, START RUNNING! laughing.gif

No Drones out here in Hong Kong, Bangkok and Taiwan smile.gif

They literally controlled 80% themselves and 10% of which Fannie controlled. So the outside 10% could be taken to the cleaners at any time they wanted.

I learned something out here in Asia from a local. Never buy a stock that has the majority of its shares controlled by one outsider.
post #1218 of 1357
Quote:
Originally Posted by MC View Post



WOW. Disgusting and somehow Americans will defend the actions of the government. 8/

When they do it then it is fine but if you do it then you will end up in jail for insider trading. We call it a bailout package. Bailout aside it is manipulation of pump and dump making millions or billions tax free for the government. They did not give them money at 0.25% for nothing in return. They in fact got a lot more than what credit cards charge you for cash advances lol..
post #1219 of 1357
Quote:
Originally Posted by MC View Post



WOW. Disgusting and somehow Americans will defend the actions of the government. 8/

Wow, they made enough to cover the governments bills for a week laughing.gif

post #1220 of 1357
Isn't it reimbursement on tax-payers money? I thought this was the same vein as the bank bailout where the government is getting paid (and divesting the $$$ to the public indirectly) by bailing out FNMA. I like a conspiracy as much as the next guy, but I don't think that we can point the finger and call this 'insider' trading any more than GM, BAC, etc
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