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Anyone here still holding FNMA stock?

DTB

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Jun 11, 2004
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Illinois
Big news today is Fannie will get to keep it's profits. $1B cash flow per month.
W/O payments to Treasury Fannie is estimated to be worth 280/share.

Finally the payoff is coming, junior and I are still holding a boatload from the .34 days.
 

Tom Woolford

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I was stupid and dumped the bunch I bought .17 - .50. Part of me said to keep it but the future looked bleak for it. Probably a bad decision in retrospect.
 

TJSum

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I dumped mine too around the $2.50 mark years ago.
 

Joe Flacco

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How does OTC work?
 

DTB

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Illinois
Same as anything else, at least for me. I can trade in and out on my Thinkorswim platform.:shrug:

(Oh, and you can't short it. No shares to borrow)

Huge volume came in around $3.40-3.45, that should be support.

After several doublings with profit taken along the way we decided to hold the rest for a big homerun.
 
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Joe Flacco

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$280 / $4 = 70 bagger. :)
$280 / $.34 = 824 bagger. :beer:
 
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TJSum

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Right after the crash i bought 5000 shares of Freddie and Fannie each for around 50 cents per share. A couple years later it jogged up to around $5.00 per share a couple times only to fall back quickly. It seemed to hover in the 1 to 2 dollar range for eons. Several years ago it made a move up to $2.50 so I bailed out at that time after watching it do next to nothing for eons. Should have played it like DTB but my selling goal was at $10 per share which it never reached.
 

Meandering

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Don't get too happy.

Munchin is saying the new structure will be similar to Ginnie Mae - which is bonds
and he specifically said;
“The money wouldn't go back to the investors, the money would stay in the companies and then obviously the legal process will go forward and obviously the Treasury has very significant claims for the money that we've outlaid,”
 
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