StockFetcher Forums · General Discussion · I have a thang...for "Fannie Mae" !!!<< >>Post Follow-up
alf44
2,025 posts
msg #68321
Ignore alf44
modified
10/12/2008 2:28:48 AM

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

Feedback Welcome !!!


alf44
2,025 posts
msg #68322
Ignore alf44
modified
10/12/2008 2:30:01 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

FuriousThug
256 posts
msg #68344
Ignore FuriousThug
10/12/2008 8:48:48 PM

How familiar are you with nationalized banking/finance systems?

rtucker
318 posts
msg #68345
Ignore rtucker
modified
10/12/2008 9:29:36 PM

j

TheRumpledOne
6,358 posts
msg #68349
Ignore TheRumpledOne
10/13/2008 12:56:03 AM

Just trade what you see.


alf44
2,025 posts
msg #68369
Ignore alf44
10/13/2008 10:57:40 AM

"How familiar are you with nationalized banking/finance systems?"

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

Not that familiar, actually !

However, I don't think that accurately describes this situation ! fwiw


Regards,

alf44


StockFetcher Forums · General Discussion · I have a thang...for "Fannie Mae" !!!<< >>Post Follow-up

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