So first it was a value investment, now it's a "gamble". And since when has a guess that a government official makes a statement been the basis for a sound investment? It is never too late to sell. Even if you are down 75% on your investment, that's 25% left in real cash that you can realize right now. Save your money, sell out, and move on. If you for some masochistic reason want to gamble money on a possible $0 per share stock, at the very least do yourself a favour and buy no more shares. If you are going to be a bagholder, at least keep it a manageable position.
Im still here I got some more in the 3s today. This is a bluff. FannieMae aint closing up shop, the government isnt going to take action and you guys are going to sit here posting while there is money to be made.
Port1385 Registered: Apr 2008 Posts: 493 New Post 08-21-08 03:44 PM Im still here I got some more in the 3s today. This is a bluff. FannieMae aint closing up shop, the government isnt going to take action and you guys are going to sit here posting while there is money to be made. stock_trad3r is that you?
I just shorted some FNM Sep 5 Calls at $1.35. It seems like a low risk trade trade with the downtrend in FNM.
A low risk trade? to short a stock/call that has dropped by more than 50% in a few days, in the sub $5 dollar range, and with a gigantic short interest? wtf are you smoking exactly, and can i get some.