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Federal National Mortgage Association Message Board

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  • tvmetguy tvmetguy Mar 9, 2009 6:29 PM Flag

    Why is this stock up

    Any seriously good news for FNM/FRE would send it up 4x from here. I'm not saying it would stay there, but FNM/FRE have popped hugely before, one time 1000% in 6 days in late September, and 300% in late November over about 4 days. A 400% pop now is certainly within reason.

    If the uptick rule is reinstated, thats another 400% pop from wherever the stock price is at that point.

    Put it this way, this is a housing stock in the worst housing bubble burst ever and our shares have not been zeroed. There is much more upside potential here than downside from .39cents.

 
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