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2 pts

Opinion on  Fannie Mae (FNM)     Sector: Financial  >  Industry: Consumer Financial Services
The Fed will BAIL BONDS, NOT COMMONS ... GSEs in TROUBLE

Mar 03, 2007 02:11 AM GMT
Godathiscomputer
Return Risk
-2.27% HIGH
Sr. Analyst

Fannie Mae & Freddie Mac common shares are "HERE" VERY VERY risky and would AVOID at all cost EXCEPT in the very speculative derivitive markets


Update 11/21:

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


FNM:  This call was made on 03/03/07 @ $54.0
Rating:   Negative   $54.0 (03/03/07)
Gain/Loss:   n/a in 1912 days
Target:   $17.30 (-67.96%) in Six months


Comments (3)

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Godathiscomputer
Andrew Jewell   83%     1 point   commented 1359 days ago reply

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
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plainjoe7   N/A     1 point   commented 1359 days ago reply

what made you believe so strongly that you invested 64k that fnm was going down. I shorted at 25 but covered at 23. lol. I need big moves like you. lol.
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Godathiscomputer
Andrew Jewell   83%     1 point   commented 1357 days ago reply

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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