Im going long on FannieMae FNM

NY_HOOD · Jul 11, 2008

i feel bad for the poor bastard. another example of an amateur trying to bottom fish.

Grandeur · Jul 11, 2008

Quote from NY_HOOD:

i feel bad for the poor bastard. another example of an amateur trying to bottom fish.

I don't think he lost anything, one has to enter a trade in order to loose.

Now is Now · Jul 11, 2008

Quote from Grandeur:

I don't think he lost anything, one has to enter a trade in order to loose.

Funny , that has been my suspicion all along....

palenimbus · Jul 11, 2008

at least he lost some dignity and ET cred lol

Port1385 · Jul 11, 2008

Hahaha. This place is pure comedy. Losing "ET cred"? Losing dignity behind an alias on a message board? Is there any such thing? What will I do now, oh know? My life is now over. My credibility is ruined in front of all these billionaire fund managers.

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

jd7419 · Jul 11, 2008

Quote from Port1385:

Hahaha. This place is pure comedy. Losing "ET cred"? Losing dignity behind an alias on a message board? Is there any such thing? What will I do now, oh know? My life is now over. My credibility is ruined in front of all these billionaire fund managers.

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

You wont't have a problem considering all of wall street will be selling to your ass.

Grandeur · Jul 11, 2008

Quote from jd7419:

You wont't have a problem considering all of wall street will be selling to your ass.

Including Jim, but it doesn't matter, he got 5000-1 buying power from Echo.

Now is Now · Jul 11, 2008

Quote from Port1385:

Hahaha. This place is pure comedy. Losing "ET cred"? Losing dignity behind an alias on a message board? Is there any such thing? What will I do now, oh know? My life is now over. My credibility is ruined in front of all these billionaire fund managers.

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

Tip of the day....

It isn't what you say, it is the way you say it.....

Therefore , I wish you luck when you by your first lot....

Raptor Deus · Jul 11, 2008

Quote from Cutten:

Going long in a bear market tends to work only when you buy at a capitulation point with panic selling.

As in March this could be a significant bottom.

zzt · Jul 11, 2008

true, but this isn't panic selling. SPX implied vol and realised vol are nowhere near march levels.
This is pretty orderly considering the FNM & FRE picture.