FNM/FRE - The Fed has intervened and basically made it hard to stay short these things. While ultimately they will both be at zero, unless the Fed really gets socialistic on us and then they buy them out for a premium, now that would be cool! You'd see an awful lot of big shorts in the market bail a...
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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!
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Bond manager Bill Gross wants to spread the bailout wealth. Gross says in a commentary posted on the Pimco Web site Thursday that the government must “open up the balance sheet of the U.S. Treasury” to support Fannie Mae (FNM), Freddie Mac (FRE) and, in a new twist, “Mom and Pop on Main Street ...
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FNM - As my kids say - OOUCHIE! The Fed jumped in and said "hey, dudes, we're gonna save your butt!" and they still cracked FNM and FRE! I'll save the self congrats for another time and won't bore you with the "I told ya sos" but these stocks are going to ZERO, folks. It's time to wake up and smell...
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FNM/FRE - The Fed continues to bumble cluelessly along when it comes to the market and the economy. FNM and FRE are both worthless, so the notion that the Fed is going to buy stock, or try to save them as publicly traded entities is foolish, and won't work. These stocks need to get to 1 PENNY and le...
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After watching M&I's deep plunge of over 10% yesterday, I wonder how close they may be in the vacuum behind Fannie & Freddie, and IndyMac (with absolutely no chance of any kind of a bailout deal). I realize that M&I has some cash on hand, but it seems to be evaporating very quickly with all the alre...
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FNM I don't want to say I told ya so, but this thing goes to less than $1 longer term. ANY rally on this or FRE is SHORTABLE, 100%. When its 10 cents, let me know, then maybe I could consider not shorting it! Til then, stay short or stay out!
Michael "Waxie" Parness
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FNM is done. Think sub-$5 on this one. Chart and trading looks very similar to ABK and MBI. No reason to own this, or FRE or most banks here yet. Yes, we will get some nice bounces, but they should be faded with both fists. FNM sees sub-$5 before it ever sees $25 again more than likely. Irony i...
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Dudes and dudesses, when are people going to stop even thinking or dreaming that FNM is worth ANYTHING. Yes, I said it, its WORTHLESS. The stock should be trading at ZERO. The Fed says they need FNM and FRE, great. Wonderful. The Fed has proven they don't care about stock prices. FNM and FRE can ...
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About Fannie Mae
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