StockFetcher Forums · Filter Exchange · today is the capitulation bottom of the stock market<< 1 2 >>Post Follow-up
MARY4MONEY
806 posts
msg #68259
Ignore MARY4MONEY
10/10/2008 9:45:22 AM

best buys are cheap financials like fnm fre aig abk and so

Sqwii
160 posts
msg #68261
Ignore Sqwii
10/10/2008 9:51:53 AM

M4M why cant you just give me your mail ?

And WHY do you think its the bottom !?

Which filter do YOU use ??

Sqwii
160 posts
msg #68263
Ignore Sqwii
10/10/2008 10:02:05 AM

Hmm last time you were right at FRE so I will try again.. I am buying a lot FRE today at 0.87

cello13
88 posts
msg #68264
Ignore cello13
10/10/2008 10:03:47 AM

try this Alife4love@aol.com

Sqwii
160 posts
msg #68267
Ignore Sqwii
10/10/2008 10:34:55 AM

Oki this is his mail ??



alf44
2,025 posts
msg #68317
Ignore alf44
modified
10/12/2008 12:44:17 AM

ya know...I can't believe I'm saying this...but...

...the MORE I read... and study...and think...about FNM (ie. "Fannie Mae") ...the more I'm tempted !!!

REALLY tempted !!!


Make no mistake...it is a highly speculative play...and COULD result in a loss of your entire wager !!!


But...as a LONG TERM..."buy a pile of Fannie for under a buck and forget about it for the next 10 years play"...it could ALSO...pay off HUGE !!! imo


PLEASE...someone tell me why that's a bad idea ! (well...aside from the possibility of "losing your entire wager")

------------------------------------------------------------

I almost view it as a "cheap" Call Option...with NO expiration (a sorta LEAP if you will) !

The Treasury / Fed could ...uhhh... could be your ally in this trade...think about it !!!

Then again, the Treasury / Fed could ...uhhh ... could step in at any moment...and change the rules...and therefore...well "screw" you !!!

But, aside from that...I could actually make a pretty convincing BULLISH case for buying a buttload of "Fannie" and socking it away for 10 years (or less) !!!


Please...someone...try to talk me out of this !!!

TIA


Regards,

alf44


-disclosure- I bought a 1000 FNM @ ~ $1 on Friday...looking to scale in...and maybe building a much larger position....BUT...still studying this situation ! fwiw


alf44
2,025 posts
msg #68320
Ignore alf44
modified
10/12/2008 2:21:52 AM

...creating a new thread for this topic...over in the Discussion Room...where it should be !!!

maxreturn
745 posts
msg #68323
Ignore maxreturn
10/12/2008 8:47:30 AM

Well, looks like it's time to buy more puts. LOL!

Wowzers
35 posts
msg #68393
Ignore Wowzers
10/13/2008 10:21:05 PM

your call was dead on M4M!

alf44
2,025 posts
msg #68394
Ignore alf44
modified
10/13/2008 10:55:14 PM

..."dead on"...YA THINK ???

The Market was ALREADY down OVER 700 points that morning...when that ...ah hem..."call" was made !!!

Gimme a freakin' break !!!


StockFetcher Forums · Filter Exchange · today is the capitulation bottom of the stock market<< 1 2 >>Post Follow-up

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