Im going long on FannieMae FNM

stereo70 · Jul 11, 2008

Quote from Port1385:

What will I do now, oh know?

You mean, "oh no?"

Hey, Im buying again today and I'll keep buying all the way

You should go deposit the money you have left at an Indymac branch.

Port1385 · Jul 11, 2008

Haha. Im sorry for the mispelling. Im clicking away on a mobile device and it completes the word for me so I get all these mispellingz at times. Oh well.

Quote from stereo70:

Landis82 · Jul 11, 2008

Quote from S2007S:

FNM and FRE looking at single digits very soon. Does anyone think the federal reserve will bail these 2 out as well, I know they are trying but will they do what they did to BSC...

this news keeps getting worse and worse.....rallies arent even holding...

The DOW is coming ever so close to a 1000-2000 point single day drop.....

And you're LONG the UYG from $29.00
Good Luck.

dchong5342 · Jul 11, 2008

He says no, but how long can he let this go. Yes to Bear Stears , but no Fannie?

Port1385 · Jul 11, 2008

At least he is long with real money versus papertrading like you do.

Quote from Landis82:

And you're LONG the UYG from $29.00
Good Luck.

Now is Now · Jul 11, 2008

Quote from Port1385:

At least he is long with real money versus papertrading like you do.

And look who is calling the kettle black?

Bowgett · Jul 11, 2008

Quote from Port1385:

FNM is well capitalized. I do some short term day-trading everyday, but I do scoop up some shares in another account for long-term holding. Im certain this selling is just a panic based on rumors caused by that analyst last week.

I got some more today in the 6s and will continue to scoop up more as it goes down ala Bill Miller. ahahahahahaha.

I have a loss in the meantime, but my timeframe is much longer then some of you who daytrade. In fact, my loss on these shares is probably less then some of you who daytrade. Interesting....

There is nothing wrong with winning in a lottery. Most people lose though.

hajimow · Jul 11, 2008

Very soon (in two weeks ) FNM will be in $2 range. $5 trillion loss? holly shit !

hajimow · Jul 11, 2008

Just a few months ago I was considering WB a great buy at $38 !!!!. Duh...

Now at $13 range.
Just have patience and FNM will die miserably in front of you.
No mercy for a company that loses over $5 trillion and is quiet and does not say anything till others find it out.

Now is Now · Jul 11, 2008

Discount window open to FNM ...should help their solvency for near future.