GolfHos
 
*
March 28, 2020, 01:13:10 AM
Username: Password: Duration:

Did anybody buy Fannie Mae yesterday?

 
Pages: [1]   Go Down
  Print  
Author Topic: Did anybody buy Fannie Mae yesterday?  (Read 1355 times)
0 Members and 1 Lurker/Spider are viewing this topic.
gleek
Flak Jacket

Karma: 107
Posts: 9484
Offline Offline

E chu ta!

View ProfileIgnore this user
Did anybody buy Fannie Mae yesterday?
« on: November 25, 2008, 10:48:03 AM »

Link
Logged Return to Top

Woman, open the door, don't let it sting. I wanna breathe that fire again.
Fuzzy
Full Metal Jacket
From: Island of Misfit Toys

Karma: 61
Posts: 4836
Offline Offline


View ProfileIgnore this user
Re: Did anybody buy Fannie Mae yesterday?
« Reply #1 on: November 25, 2008, 12:32:26 PM »

Citigroup was up almost 60% yesterday.

Not comfortable gambling in the financial sector these days however.
Logged Return to Top

"You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose."
From Oh the Places You'll Go, by Dr. Seuss (Theodor Geisel)
Aske
Lederhosen

Karma: 120
Posts: 31318
Offline Offline


View ProfileIgnore this user
Re: Did anybody buy Fannie Mae yesterday?
« Reply #2 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.


Logged Return to Top

Quote
Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
Fuzzy
Full Metal Jacket
From: Island of Misfit Toys

Karma: 61
Posts: 4836
Offline Offline


View ProfileIgnore this user
Re: Did anybody buy Fannie Mae yesterday?
« Reply #3 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.
Logged Return to Top

"You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose."
From Oh the Places You'll Go, by Dr. Seuss (Theodor Geisel)
stroh
Sleeveless Hoodie
From: Impact Crater Springs, CA

Karma: 155
Posts: 16135
Offline Offline

We're doomed!

View ProfileIgnore this user
Re: Did anybody buy Fannie Mae yesterday?
« Reply #4 on: November 25, 2008, 01:04:28 PM »

Aske, don't expect FLT to be trading that low anytime soon.
Logged Return to Top
Pages: [1]   Return to Top
  Print  
 
Jump to:  

Related Posts
extra big ass recession: now with more bank failures [Politics/Religion]
I don't know if we are one of the larger ones, but Blader Industries, Inc.,
by Blader

[Politics/Religion] Fannie Mae and Freddie Mac Bailout
[b]U.S. to take control of Fannie and Freddie: reports[/b]http://news.yahoo.com/
by dystopia

[Politics/Econ] Fannie-Freddie, worse than initially thought! Holy *feces*
The wingnuts have seized on this as another example that Gubment can't do a
by MFAWG

extra big ass recession: now with more bank failures [Politics/Religion]
[quote]The U.S. housing slump has triggered more than $500 billion of credit mar
by Clive

 


 
  Powered by SMF | SMF © 2001-2009, Lewis Media

Dilber MC Theme by HarzeM