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VVance
2486 Posts |
 Posted - 08/20/2008 : 07:11:38 AM
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FANNIE MAE(NYSE: FNM)
NEW Real-time: 4.92 1.09 (18.14%) 10:01AM EThelp
FREDDIE MAC(NYSE: FRE)
NEW Real-time: 3.29 0.88 (21.10%) 9:59am EThelp
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JJS6866
30 Posts |
Posted - 08/20/2008 : 07:22:07 AM
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I wonder where the bottom is...
Would it be a good idea to snatch up some of that stock at some point? I actually bought some BoA when it was down to 20 a share and turned a little profit(very small scale). |
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GianniD
213 Posts |
Posted - 08/20/2008 : 07:29:46 AM
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I do loans for a lot of pilots, and one casually mentioned to me, maybe in 04, that NO WAY would American Airlines be allowed to fold. Was crazy busy at the time, making $$ hand over fist, so I bought 500 shares for about $1000, or $2 per. Sold about 9 months later for about $14 per. Those were the days, made a quick $11K+ with maybe less than 3 hrs time invested.
NO WAY will Fannie and Freddie be allowed to fold, but, I dont think the bottom has hit yet. Great opportunity, at some point. |
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vburek
522 Posts |
Posted - 08/20/2008 : 07:34:23 AM
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| Just heard breaking news on Fannie. The president of Fannie, came out to say that they have never had the level of capitalization that they have now, and that the gov't has not called them to offer assistance and they havent call the gov't to ask for assistance. |
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