Fnma

[mrmarket]

Nice run up in the last couple of days on ridiculous volume. Who's buying?

[Phoenix7]

Fnma

Nice run up in the last couple of days on ridiculous volume. Who's buying?

Yes too bad I missed it ......but with such a parabolic rise , the inevitable collapse is sure to come!

[mrmarket]

Still riding it..wow.

[mrmarket]

Still riding it..wow.

Holy cow..that was a fast turn

[jiesen]

Yes too bad I missed it ......but with such a parabolic rise , the inevitable collapse is sure to come!

yup... truer words were never spoken, phoenix!

[mrmarket]

I am still riding this stock...sounds crazy. Isn't this a zombie stock? If yes, why do people keep buying it???


Opinions? Suggestions???

[antioch6]

Confused But

I don't know what the deal is with FNMA. I would sell at least half of my stock since I don't understand exactly what it is, and it looks like you have over a 100% profit in it. Here are two articles that talk over why it might be a good investment.

http://seekingalpha.com/article/1298301-fannie-mae-and-freddie-mac-short-term-trade-or-deep-value-investment

http://seekingalpha.com/article/1294751-interesting-developments-in-fannie-mae-and-freddie-mac

My Take: Investors are hopeful that Fannie and Freddie will be reorganized similar to Sallie Mae (SLM) from the 90s. This could mean that a new private company might be formed. The new company would be owned by FNMA, meaning it's shareholders and their shares. If that happened then buying shares today would make you some $$$. Looks like there is huge upside potential. I would treat the stock as a long term call option. Depending how much money you initially put in it, I would still sell some.

[antioch6]

Woah!

Up big today. 35%

[mrmarket]

Up big today. 35%

you sees???????????

[mrmarket]

I got out on Friday with a nice profit....but tempted to keep watching. Anyone else?

[mrmarket]

I have been day trading the crap out of this stock...it's fun.

[mrmarket]

I keep trying to day trade FNMA and all I ever do is buy high and sell low. Doh.

[billyjoe]

I thought it went out of business and became the new FNMA. I lost on it the first time it tanked a few years ago and am still gunshy.

----------------billy