Im going long on FannieMae FNM

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.....
 
Dont panic. Just rumors. Im buying into this weakness and scaling in. If Im wrong then at least I'll make it back on AAPL. Go now and buy some AAPL shares.


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.....
More...
 
Quote from Port1385:

Dont panic. Just rumors. Im buying into this weakness and scaling in. If Im wrong then at least I'll make it back on AAPL. Go now and buy some AAPL shares.
More...

The problem is all the rumors are not only true but tend to understand the problems in the financials. The recapitalized FNM and FRE might be worth buying some of, but the current versions are going to 0. (The US gov't guarantees the debt, not the equity.)
 
Quote from Port1385:

Dont panic. Just rumors. Im buying into this weakness and scaling in. If Im wrong then at least I'll make it back on AAPL. Go now and buy some AAPL shares.
More...

great call on fannie! it was almost as good as your citi call.
 
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