Discussion in 'Stocks' started by newguy05, Sep 23, 2008.
i dont see any news, both went up 50% today. what the hell?
maybe hope that they will be able to fight against the warrants like aig?
Thats what I have been hearing. I own this around .60 and thinking of taking profit, but might as well just forget about it and come back to it hopefully someday above $5.00.
Bailouts, plus it looks good with regard to technical analysis. (ie. the double top and tripple top breakouts if you're using P&F charts)
well, what i see it as is a combination of:
-> normal short covering / lottery playing of eventual worthless stock...short covering (at 30c) from those who were short from much higher and figure why hold on any longre?
-> unable to short exc. through puts; (which i got a bunch of today) or through FNA. normally, smarter people are able to short the common, unable with recent 'no shorting!' rules.
check out the action between 10:15 and 10:45 ; on these cheapies, that's textbook high % top setup.
normally, any cheapies that are long-since-known to be 'worthless' have double/triples from their lows. that's nothing new...
so u guys think fnm and fre wont be trading at 15 to 30 dollars a share in 6months to a year?
maybe the government sponsored bailout will be funded by profits from the AIG/FNM/FRE trades hehe
in all honesty i know its shit for the credit markets that this is not getting passed quick but i am glad lawmakers are at least taking some time to think this over...
I think the gov't should just back stop the mortgages instead of buying them up.
At this point they are being investigated by FBI?
No, they're going to zero...
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