I don't really have a target for FMD, too many unknowns at this point but I think that owning FMD and SLM here is a good play for the next 6 months, the combinded position should outperform the market significantly. Students will get the funding they need either on the Federal side or the private side or a combination of both, especially in an election year congress or the Dept of Ed will make sure of it which is why with FMD and SLM you have your bases covered and at current valuations both stocks should appreciate.
I'm in and actually up now because I averaged in. I'm not going to worry that much about this, when it's far from discretionary, and has a shored up cash position to support a lengthy burn rate (if it needs to).
I'm still in from the mid 3s. They reduced opex by 200m/y as expected. They should be quite a profitable business from hereon out.
Yeah, SLM was a MUCH better play with the gov't intervention and not PRIVATE sector trash like FMD. I have been tracking that one closely for the past month. Seems everyone is jumping on their bandwagon now as its getting attention publically so its time to dump. I guess wait for Cramer to mention it Take a close look at it as session high close almost every day for the past week. This one was telegraphed from the new CEO directly with inside purchases. Not the stock option crap but CASH. Matter of fact, Friday another mangemnt guy purchased at $21 and Tony at 17.75 2 weeks ago. I don't know, maybe a good long term hold as the bill will most benefit them. SLM has been the ace in the hole play in the whole financial sector very quietly. You have missed most of the boat if you are getting in now. If you like to buy high and sell higher and want to sweat it, go ahead. For a daytrade, it does have a nice range at .75-$1 swing. My theory is it will retrace and stop the daily high closing once the actual news by pres. signing hits. There is no way this stock can get away with session high closings too much longer before a sell off. Matter of fact, I haven't seen that happen in a stock so consistenly in a long time. Hell, flat, up, and down index days and SLM just says fuck you and charges like a bull on steroids. FMD did absolutely nothing in that time period. SLM surged as Congress, House and eventually official signing by Pres. Tack on inside purchases, Moody's AAA and it created a nice position trade on momentum. Sure, FMD got a bump today and is still on life support. Every 5% bounce is never followed up. I am holding like a fucking moron. Should of put my chips on SLM but I take the fucking long shot with FMD. Fuck even ABK was better than this turd.... For some stupid reason in my head, I think GS Capital partners is gonna cough up not the 200M but maybe 75-100M as part of their December contract but that can easily be denied. I am positive that they are trying to swindle their way out of it. I'm sure the 10 fucking different lawsuits is focusing on that to get a tender share offer. AND that my friends is the only realistic chance for this company to make a move soon. They are fucked in the private lending sector unless they can capitalize on the new bill that is FEDERAL loans and obviously more beneficial to the likes of SLM in the years to come. Their management seem to be content in their "quiet period" to sink the ship. So come Thursday this will be a wild ride. I cut my position to 2500 shares to lessen the exposure with an average price of around 4.71. If for some crazy reason and the sun shines on a dog's ass and there is a follow through tomoorw or Wed. for a run up pre-CC Thursday, I plan on unloading it. I have given this POS too much time.
Damnit... while I was already bringing up Sprint Nextel, I <b>definitely</b> should have also mentioned that I was loading up long below $6.50... you know, for the ego points and all. Petty narcissists like myself are totally into that sort of thing, after all. Did anyone happen to piggyback my vague non-recommendation?
Hey guys, You did quite a notable job of pumping this stock. This thread has received over 12000 views. However, all the pumping didnt do us much good. Its been a month and we have been stuck in the 3s for a while. I dunno what to say, but to wish everyone good luck. Somehow I dont believe this will receive that bounce you are looking for...
Ah, yes, what "lucky bastards" all the ET readers were to have lost a mere 60.0% of their capital had they bought FMD on 4/1 @ the 7.80 close. Any more brilliant picks? I'll be waiting with my notepad.
Fuck you asshole. Let me know when you guarantee 100% of the stocks you mention are going to run. Stupid motherfucker.