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Title: Did anybody buy Fannie Mae yesterday? Post by: gleek on November 25, 2008, 10:48:03 AM Link (http://finance.yahoo.com/q?s=fnm)
Title: Re: Did anybody buy Fannie Mae yesterday? Post by: Fuzzy on November 25, 2008, 12:32:26 PM Citigroup was up almost 60% yesterday.
Not comfortable gambling in the financial sector these days however. Title: Re: Did anybody buy Fannie Mae yesterday? Post by: Aske on November 25, 2008, 12:39:57 PM Citigroup was up almost 60% yesterday. Not comfortable gambling in the financial sector these days however. It's really not a bad thing IMHO ($0.02) to dump a few hundred (or thousand, depending on the size of your portfolio) $ into long term call options on some of these turds that are "too big to fail" and trading at $0.50-$1.00 or so right now. 18-24 months out, if they're really at 0, then the system has totally collapsed, and you've got bigger problems than being out a few grand. If they go back to even $10 a share you're up big. If they go back to 1/2 their value from Jan 2008 you're up WAY big. Title: Re: Did anybody buy Fannie Mae yesterday? Post by: Fuzzy on November 25, 2008, 01:03:03 PM Citigroup was up almost 60% yesterday. Not comfortable gambling in the financial sector these days however. It's really not a bad thing IMHO ($0.02) to dump a few hundred (or thousand, depending on the size of your portfolio) $ into long term call options on some of these turds that are "too big to fail" and trading at $0.50-$1.00 or so right now. 18-24 months out, if they're really at 0, then the system has totally collapsed, and you've got bigger problems than being out a few grand. If they go back to even $10 a share you're up big. If they go back to 1/2 their value from Jan 2008 you're up WAY big. True. I've kind of done that with a few companies in the tech sector. I'm more comfortable understanding their business and prospects. Not always $1.00 stocks but good buys right now. Title: Re: Did anybody buy Fannie Mae yesterday? Post by: stroh on November 25, 2008, 01:04:28 PM Aske, don't expect FLT to be trading that low anytime soon.
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