Im going long on FannieMae FNM

Quote from Port1385:

You fools love to panic and sell at the lows. Just last year you were saying to buy at the highs. I say scale in. Im scaling in at these levels and bought some more in the low 15s. FNM isnt going bankrupt.
More...



I have to agree that today you should be buying rather than selling, last year many were saying it was time to buy on anticipation of continuous 52 week highs, now that were seeing continuous 52 week lows everyone is saying sell.
 
i dont wait for the good news...

i just made so much money on AVCT and VVUS that I feel like
buying something cheap today ...




Quote from MrDODGE:

What is the positive news on housing to cause me to go long?

Oh yeah, NOTHING...
More...
 
Quote from bttweb:

i dont wait for the good news...

i just made so much money on AVCT and VVUS that I feel like
buying something cheap today ...
More...

you sound like you have great potential as a trader. keep it up and you are bound to make tens and tens of dollars if you are lucky.
 
Quote from Red_Ink_inc:

Lehman is out saying that due to FASB accounting rule changes FNM may be forced to raise 46B in capital and FRE may have to raise 29B in capital. Not a time to be looking for longs.
More...

oh i bet good ole jimmy rogers is laughing his ass off right now. :D
 
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...
More...

Then why do you keep averaging down in the UYG, without any stops?

Your entry at $29.00 from May 23rd is way far away . . . especially now with the UYG at $18.00 and down another 7%.

:eek:
 
Quote from Landis82:

Then why do you keep averaging down in the UYG, without any stops?

Your entry at $29.00 from May 23rd is way far away . . . especially now with the UYG at $18.00 and down another 7%.

:eek:
More...

went in and out today

in at 17.95 out at 18.20


buying back in below $17.90....

did you see DUG by the way, not to far off from avg cost, my second buy on DUG is now in the green, above $30.
 
There is no way housing/financial stocks recover with these 2 stocks on the ropes. Watch out for a Fed surprise.
 
You must log in or register to reply here.
Back
Top