FNM & FRE are again downgraded to "Agressive Sell" with the (9) nine month price target of $1.74/share, based on solvency issues, for both the aforementioned companies
Looks like indeed its time to unload my $50/$40 puts on FRE FNM .... Just wanted HERE to take a moment to thank all the "Long Analysts" for so aideing me in turning a $64,430 options position into $8,460,590
BooYah BabyCakes, this will be establish a false floor in housing before the next "Mega-Leg" DownDownDown .... Another 20-30% down for housing IMHO .... The DUMBASSES in Washington D.C. KNOW ABSOLUTELY NOTHING ABOUT RISK ..... Ron Paul 2012
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$61.65 (03/03/07)
