Just to think, had we bought FRE/FNM at .25/.35 ....
- Thread starter Adobian
- Start date
i picked up one at 38c and one of the other at 58c, can't recall which was which i immediately started thinking of it as 96c for the pair.
dm
dm
Congratulations to everyone who bought this at much lower levels. For what it's worth, I covered my short position in FRE below 40 cents.
Apart from the ban on shorting, the related difficulty in borrowing the stock (i.e., existing short positions being bought in), and just 'momentum', is there a fundamental reason why these (nationalised) companies are trading above $1.80?
The $3 puts still look cheap to me, given that these stocks were below $1 yesterday, and could be trading below $1 later this week.
Apart from the ban on shorting, the related difficulty in borrowing the stock (i.e., existing short positions being bought in), and just 'momentum', is there a fundamental reason why these (nationalised) companies are trading above $1.80?
The $3 puts still look cheap to me, given that these stocks were below $1 yesterday, and could be trading below $1 later this week.
As the Japanese proverb say, âIf your aunt had balls, she'd be your uncle
