95k shares of fnm @ 0.67

K

krazykarl

I heard new that FNM is going to pay off it's bailout. Anyone else have a price target?

Also that price is my mean. Bought in several blocks.
 
Quote from krazykarl:
.....a price target?
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1) $1,000/share AND a 20-for-1 split.
2) Substitute "GOOG" for "FNM" when you discuss the position with family and friends. :cool:
 
Quote from krazykarl:

I heard new that FNM is going to pay off it's bailout. Anyone else have a price target?

Also that price is my mean. Bought in several blocks.
More...

I believe they just needed another $10B from the gov. after their last earnings. The hedge funds are running these low priced stocks, and someone will not have a chair when the music stops.

Also, everyone really believes you bought at 0.67. :eek:
 
Quote from CET:

I believe they just needed another $10B from the gov. after their last earnings. The hedge funds are running these low priced stocks, and someone will not have a chair when the music stops.

Also, everyone really believes you bought at 0.67. :eek:
More...

This was a total gamble, but I figured that the govt. would backstop the GSEs. Seriously I thought I would have more enjoyment flushing the money down the toilet when I placed the orders.

I'm going to sell 20% of the position tomorrow at the open.
 
This is a scary one. bought 10k @1.16 Friday and sold it @1.76 today….I was very happy to sell it…be careful !
 
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