I heard new that FNM is going to pay off it's bailout. Anyone else have a price target? Also that price is my mean. Bought in several blocks.
1) $1,000/share AND a 20-for-1 split. 2) Substitute "GOOG" for "FNM" when you discuss the position with family and friends.
I believe they just needed another $10B from the gov. after their last earnings. The hedge funds are running these low priced stocks, and someone will not have a chair when the music stops. Also, everyone really believes you bought at 0.67. :eek:
This was a total gamble, but I figured that the govt. would backstop the GSEs. Seriously I thought I would have more enjoyment flushing the money down the toilet when I placed the orders. I'm going to sell 20% of the position tomorrow at the open.
This is a scary one. bought 10k @1.16 Friday and sold it @1.76 todayâ¦.I was very happy to sell itâ¦be careful !