And the clowns at W S J seem to think that these types of profits are irrelevant?
What a bunch of jokers IMO.
No wonder nobody reads their crap anymore they don't even make the top 20.
http://www.news.nettop20.com
Minium over a Billy per quarter fricken outstanding. $$FNMA$$
That's what i'm thinking. Who knows how many shares he has now. it's been 4+ months since he bought those shares from Berkowitz.
That's what it seems like. Who is the next whale? one we know of or one we don't.
BIG BOYS NOT MESSING AROUND...FNMA FMCC $$$
FY 2013 - The leaner, meaner, stronger than ever FNMA continues to thrive and expand tactfully.
Read what CEO Timothy Mayopoulos has to say;
http://www.fanniemae.com/progress/2013-Year-i...index.html
Over 3 trillion to the mortgage market since 2009 is huge!!! Go FNMA!!!! Free us soon!!! FNMA $$$$$$
And since 2009 FNMA has provided over 3 Trillion in liquidity to the mortgage market. Fact.
http://www.fanniemae.com/progress/index.html
if this company's profits were to fall over 50 percent (which they won't) they would STILL make over a billion in profits. They'd still be one of America's most profitable companies... these articles are hysterical, and those crying the sky is falling have other motives. It's easy to sway stupid
U been around a while aint ya?
CARL SHAKING THE TREE HARD...FNMA FMCC
Oh, I dont even know how much I paid for my shares anymore. You could probably say they are all free, but I am sure somebody paid me to buy them now, lol. Dunno anymore as I have traded her in and out so many times. I have even shorted against my owned shares before to help my trading ADD while on pullbacks. This baby is a slot machine for tech traders. Supports and resistances well defined. 3.76 isnt really a stop loss in the fact that I will become negative or anything. I keep it in mind because I am pretty sure if we close under that support, we will see 3 again. I hope that doesnt happen because it breaks our trend on the daily and possibly starts setting up a descender. I stand firm in my belief this decline is a combination of broad market pessimism and some heavy handed traders or investors accumulating and taking advantage of the stagnant volume. MFI is close to oversold. RSI is close to oversold. MACD does not really look too hot, but TRIX is getting negative. Looks like a bounce ready to happen when this goes lower. (3.76).
So true! We are still way undervalued here! Go FNMA!!!! $$$$$$$$$ free us now!!!
Whatever. The mm's use the info to manipulated the stock price for their benefit in the short run.
I don't know that there is panic but they try with these poorly written articles full of half truths.
What is the source of this so called panic?
Crap, this is a co-ordinated effort to scare off investors and induce panic selling.
You know the truth just like I do. Even without any extraordinary income they are still making enough to where fair value is 10 to 20 times what it is today, minimum!
Right but the facts are worrisome, the profits are becoming smaller even with a few legal settlements, as the fhfa is shrinking the foot print, soon the legal settlements will end and the profits will be even smaller. It's reasonable to think that shareholders would be interested in a company that makes billions of dollars but would lose interest quickly if it can't make billions anymore.