port1385 wins.

[KINGOFSHORTS]

Looks like port1385 wins on his big baller gamble going long friday.

Elitetrader winner of the month for his big friday->monday 30+ Gain.

 

[palenimbus]

yeh dumb luck

he pulled a homer

http://www.urbandictionary.com/define.php?term=Pulling+a+Homer

 

[KINGOFSHORTS]

Looks like I made a wrong call

 

[Port1385]

The government would never:

- nationalize Fanny and Freddie simply because thats unAmerican and this country is not run by Hugo Chavez

OR

- let Fanny and Freddie go bankrupt because that will cause drastic economic consequences that will last many years.


Thats simple math and I suggest you get some shares while they are trading at these discounted levels.

 

[KINGOFSHORTS]

how many shares make up your current position? And costbasis?

 

[Now is Now]

0

 

[eusdaiki]

Quote from Port1385:

The government would never:

- nationalize Fanny and Freddie simply because thats unAmerican and this country is not run by Hugo Chavez

OR

- let Fanny and Freddie go bankrupt because that will cause drastic economic consequences that will last many years.


Thats simple math and I suggest you get some shares while they are trading at these discounted levels.

Don't forget option C....

Fanny and Freddie become a black hole and start sucking more and more of the gov's resources... creating larger and larger deficits until they make the Iraq bill look like a picnic...
Don't worry, your grand children will pay for it...