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2 pts

Opinion on  Fannie Mae (FNM)     Sector: Financial  >  Industry: Consumer Financial Services
You're going to get your Fannie handed to you

Aug 21, 2008 01:18 PM GMT
Gekko
Return Risk
+6.40% HIGH
Sr. Associate

Get out of this stock.  You will be burned by the bailout.  The stock won't go straight to zero, but it's going to get there soon enough.  Don't be a hero and try to play the inevitable dead cat bounce(s). 

Update 08/26:

Since the Treasury can't get it's act together, the stock is rallying.  Eventually, I shall be proven right on this.


FNM:  This call was made on 08/21/08 @ $3.99
Rating:   Negative   $3.99 (08/21/08)
Closed:   08/28/2008 @ $7.26 (-81.95% in 7 days)
Target:   $1.00 (-74.94%) in Three months


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