Thoughts, Ideas or Random Prattle: FRE and FNM - Business, Finances and Investing Forum

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Thoughts, Ideas or Random Prattle: FRE and FNM

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08-20-2008 , 01:42 PM

Watchmaker

banned

Join Date: Feb 2008 Posts: 1,856

Title says it all. We all know what they've done on the year.

On the day:

FRE

3.21
-0.96 (-23.02%)
Real-time: 1:41PM EDT

FNM

4.88
-1.13 (-18.80%)
Real-time: 1:41PM EDT

Been a falling knife so far- think it goes all the way down?
Some kind of nationalization scheme? Outright failure?

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08-20-2008 , 01:44 PM

Jimbo

Carpal \'Tunnel

Join Date: Sep 2002 Posts: 8,940

Buy now or forever hold your dollars.

Jimbo

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08-20-2008 , 01:46 PM

bills217

Carpal \'Tunnel

Join Date: Jul 2005 Posts: 7,462

Most people whose opinion I respect seem to think the gov't is going to recapitalize them and wipe out the equity.

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08-20-2008 , 01:56 PM

CrushinFelt

Pooh-Bah

Join Date: Aug 2006 Posts: 4,650

Quote:

Originally Posted by bills217

Most people whose opinion I respect seem to think the gov't is going to recapitalize them and wipe out the equity.

Clearly the maarket, except for gus, thinks so as well.

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08-20-2008 , 02:00 PM

Answer Anderstood

adept

Join Date: Jun 2008 Posts: 847

Every time I look at their chart my head explodes

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08-20-2008 , 02:24 PM

Steve Giufre

old hand

Join Date: Mar 2004 Posts: 1,532

Any thoughts on how the rest of the market would react to a bail out in the short term?

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08-20-2008 , 02:29 PM

gushansen

grinder

Join Date: Sep 2003 Posts: 473

i think the same way but just wanted a bounce, i have learned my lesson once again no more knives!

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08-20-2008 , 02:43 PM

Watchmaker

banned

Join Date: Feb 2008 Posts: 1,856

Quote:

Originally Posted by gushansen

i think the same way but just wanted a bounce, i have learned my lesson once again no more knives!

I stopped out for a loss too.
Thankfully didn't ride them all the day down from their initial bounce, but I'm definitely crying uncle with both of them.

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