I was thinking of shorting them when they popped after the initial report after the bell. Kicking myself in the butt now!!!! I've been argueing with so many people the past few weeks who think they should put everything in FRE & FNM cause they have an unlimited line of credit from the FED. They have no idea whats going on. Almost less of a clue than Cramer. I have NO IDEA why he is allowed on TV still?????
The common stock is ABSOLUTELY going to zero IMO!!!
1 comment:
That would have been the short play of the month!
Common stock will be a big fat zero...preferred the same or very close to it.
Anyone going long this is nuts. This 'save' is not for the stockholders (not to mention, it's not going to work long term anyways).
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