Talk of the devil, and he is bound to appear....0,10 $ is possible...
WASHINGTON, Nov. 18 /PRNewswire-FirstCall/ -- Fannie Mae (NYSE: FNM) today reported in a filing with the Securities and Exchange Commission (SEC) that the company has been notified by the New York Stock Exchange (NYSE) that it has failed to satisfy one of the NYSE's standards for continued listing of its common stock.
The NYSE advised the company that it was below the exchange's price criteria for common stock because the average closing price of Fannie Mae's common stock for the 30 consecuti...
Fannie Mae... a good situation for an super penny-trade...up to 0,97$ + 100%....http://de.advfn.com/p.php?pid=qkchart&cb=1223193029&symbol=NY^FNM........Y M
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.
Based on market un-certainty, US Govt is giving out impression they are going to save the property market by making sure Fannie Mae and Freddie Mac both gets bailed out.
it may take a while to benefit from anything that is supposed to save us in this crunch but, the fannie mae charter per se would remain in some form or other and they would continue to be pivotal for the overall market structure.
Freddie Mac (NYSE: FRE) said today that it received a notice from the New York Stock Exchange (NYSE), warning that the mortgage firm could be delisted due to its rock-bottom share price. FRE has been trading below $1 for more than 30 days now, and must notify the exchange by December 2 whether it intends to rectify the problem.
If Freddie does decide to meet the NYSE's listing requirements, it will have until mid-May to address the share-price issue; if not, its common stock and preferred stock are subject to suspension
Citigroup Inc. (NYSE: C) shares jumped over 12.5% in pre-market trade (7:34 am) after the The Wall Street Journal reported that the second-largest U.S. bank by assets may be weighing a sale of all or part of the company, including the Smith Barney brokerage, the credit card unit and the transaction services unit. Citi shares have lost over 25% of their value Thursday and have actually lost 50% this week as investors becam...
How many days, months, quarters, etc. will this ugly bear market continue? It is just as bad as buying dips on Internet stocks in 2000. The FOMC minutes gave a lowered economic expectation for 2009, like we didn't know that was coming. Housing starts were the worst on record, and now inflation is coming down so hard that deflation is the new damnation of...
General Motors (NYSE: GM), Ford (NYSE: F) and Chrysler executive will return to Congress on Wednesday. After facing less than a receptive Senate Tuesday, they will appear before a House committee today to plead for a "bridge loan" to give them a massive infusion of cash they need to stay afloat in their race against the clock. GM...
I WOULD NOT BE SHORT THESE TWO
- THEY ARE OPENING FED WINDOW AND THAT IS ONLY IF THEY NEED IT. I THINK THEY HAVE ENOUGH CASH FOR NOW
BE VERY CAREFULL FOLKS ON THIS
FNM/FRE - I am 100% not short these stocks.
- 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 rea...
Closing out my Short on FNM and FRE
- 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
More bad news for the financial sector
- 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 â...
FNM going to ZERO, folks.
- 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...
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About Fannie Mae
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How many days, months, quarters, etc. will this ugly bear market continue? It is just as bad as buying dips on Internet stocks in 2000. The FOMC minutes gave a lowered economic expectation for 2009, like we didn't know that was coming. Housing starts were the worst on record, and now inflation is coming down so hard that deflation is the new damnation of...
