For all the long, let start with fnma and fmcc is not going anywhere. History showed every companies the government step in and saved eventually recover. Some example includes AIG it went as low as about 1.50 but in about 1 years it as high as 60 dollars.. Gm is about 2.92 a share back in 2008, its currently price about 34. Ford is also about $1 in 2008 but in less than 2 years it was at about $17. I believe fnma and fmcc is about to rebound big. Be patient. Today is just a pull back people got scared. since housing market are recovering and both companies post record profit it will eventually go up. These companies should be value at $30. hold strong. don't listen to the noise. There not too many opportunity like this left anymore. This may be the last two play left of the companies the government bail out. Don't miss out. Going up in the morning.
Thank you so much for the confirmation, kazzariti. I am strongly believe the same too. Our goverment is not comunist to just take the common's $$. Go all the way FMNA and FMCC!!!!!!!
Sentiment: Strong Buy
All the companies you mention were not placed into conservatorship. Both Fannie/Freddie have a vacuum attached that syphoning all the available cash back to the treasury. This is why most people believe it's a value trap! This was all play-outed today by the fear spreading media - starting with Faber and Cramer in the a.m.. What's interesting, though, is that non of them spoke out as Fannie/Freddie were on the rise. It almost seems surreal that now that both companies have rallied 2,000%, that now all the media storm begins. This tells me that (a) they missed the boat and are jealous or (b) they want in on the action and the only way to buy cheap is to spread bad news.
Think about that, the news that's coming out is not something new or something that was just discovered today. That news that's being spread has been out for weeks while both companies were enjoying the rally. Why come out with the news now? It's old news my friends. It's the only piece of news they can use to pound the stock down! What about next quarter when Fannie/Freddie post another record profit?
I rarely post anything on this board but I can't believe all the bashers out there. For anymore who think I am making all the numbers and events up in my history lesson please look at the charts and do your research you will see all my claims are based on facts. People who post negative have hidden Agenda. Pay no attent to the noise. Hold strong I promise it will pay off handsomely in the end.
Ford never got government help. And GM went to zero and was re-listed as a different stock before climbing to the $30 range.
Teach me some more history professor.... Christ, some of the people on here are #$%$ morons!