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Opinion on  Fannie Mae (FNM)     Sector: Financial  >  Industry: Consumer Financial Services
GOV'T GUARANTEES

Oct 30, 2008 12:21 PM GMT
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Return Risk
+112.11% LOW
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Last week the government came out and boldly pronounced that FNM & FRE were 100% backed by the government.  That all there efforts positive or negative from this point forward would be shouldered by the government.  FNM was selling at around $60.00 a share a year ago, and around $40.00 a share just after Christmas.  I believe that it is reasonable to believe this stock rise above $10. within six months.

FNM:  This call was made on 10/30/08 @ $1.0
Rating:   Positive   $1.0 (10/30/08)
Closed:   10/30/2008 @ $1.0 (+0.00% in 23 minutes)
Target:   $10.00 (+900.00%) in Six months


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vega2262   N/A     1 point   commented 377 days ago reply

I agree. I think that there are to many people in government who NEED FNM & FRE to be successful and want it to be successful. These are two organizations set up to help middle class americans get home loans. I think the new administration is all about helping the middle class. (truly or not) It benefits them to help FNM & FRE anyway they can. This is just my opinion. But I have some spend, so I am buying FNM, that will stay at a buck or lower as long as Bush as in office. When Obama takes over... We will see the sock resurrected. "it will be a miracle."

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Thomas Dillon previously rated FNM
Positive -1.00% Bullish on FNM ...
10/30/2008
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