My own personal FannieMae buyback program
- Thread starter Port1385
- Start date
Are we talking about the same financial company who loses trillions of dollars? I thought you were talking about maybe a high tech company with the same name (Fannie Mae) with lots of innovative products that will tripple in price. The only good thing about Fannie Mae is that goverment for his own sake will not let it belly up but it won't feed it enough to double or tripple.
Last friday, after declaring your remarkable trade of buying in the "4s" and selling in the "8s" that you valued FNM at 20.....I asked you to give us a break down as to how you arrived at that number and you never responded...
Your suggestion that it will double or triple ,which is one hell of a difference, is simply off the wall as ,although the govt will not let it fail, there is no reasonable possibility that equity holders will be protected. The equity in FNM is ,for all intent and purposes , valueless.....it will only be a matter of time....
He loaded up at $20, he is a major bag holder.....
The only bag he holds is a supermarket bag.
He is not a traders' left tit....
So... how's that trade working out for ya?
Hey, look on the bright side: At least you're not stuck long oil!
Oooops... Sorry. Actually, you are.
Couldn't happen to a nicer guy.
Quote from Rearden Metal:
So... how's that trade working out for ya?
Hey, look on the bright side: At least you're not stuck long oil!
Oooops... Sorry. Actually, you are.
Couldn't happen to a nicer guy.
LMFAO!
Portie the Clown doesn't have anymore clever quips? No more jokey jokes for us?