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1 point posted on 09/09/08

71%

newsmonkey:

-19.68%
risk: conservative

Closing out my Short on FNM and FRE

I am closing my short positions in Fannie Mae and Freddie Mac just because the easy money has been made but I still wouldn't not touch the equities in these stocks at any price! I absolutely believe they are both zeroes!

Related to:

FRE		Freddie Mac
FNM		Fannie Mae

Comments (3)

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newsmonkey

71%

1 point commented 444 days ago reply

To be very clear!!!! I am not now saying these stocks are a buy....but the easy money has been made.

traderdrew

51%

1 point commented 442 days ago reply

true true but going from 5 to 4 pays just as well as going from 1 dollar to 80 cents

Tom Allen

64%

-1 point commented 425 days ago reply

I jumped in too a few days ago, riding this for the bailout news. Monday open is going to be massive

Your Comment

Freddie Mac (FRE)

SocialPicks Sentiment:

This Quarter's Sentiment:

All:

33.5%

Top:

0.0%

Fannie Mae (FNM)

SocialPicks Sentiment:

This Quarter's Sentiment:

All:

38.0%

Top:

0.0%

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