FMCC - Freddie Mac - Page 98

Moving today.

Nice movement today. Could we see $2.00 soon?

I sure hope so, and more after that. The news is reporting that business execs are saying the recession has hit bottom and starting to turn around. That can only help push the market upward.

hi i bought this stock at $1.37 but i want to invest longer term is this a good time to stock up?

Wait for some profit taking to take place and load up when it drops.

ahhh good advice thanks

Yeah i entered 2 days ago at 1.22, got out yesterday at 1.38 lol right before the big climb today :/

Very good opening :-)


FRE 1.75 +0.15 9.37%

Just in about 11:11am August 19th.

"Fed buys record $5.605 bln of agency debt Friday"

FNM, FRE are both part of the deal. This should make them fly for a while before some profit taking. Got in at 1.77

Housing data is positive as well. What do you think of the potential rally?

Wow...the pps is higher than CTIC now!
Options are definitely in play IMO with FRE....

Housing Sales Best in 10 Years

From the AP (first paragraph only):

July home sales surge more than 7 percent
Home resales soar 7.2 percent in July; largest monthly increase in 10 years

WASHINGTON (AP) -- The U.S. housing market is rebounding faster than expected. The question is, can it last? Home resales in July posted the largest monthly increase in at least 10 years as first-time buyers rushed to take advantage of a tax credit that expires Nov. 30. Sales jumped 7.2 percent and beat expectations, the National Association of Realtors said Friday.

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This should help FRE and FNM.

YAAA BABYYY>>>After exact one year and taking huge loses at AIG, CITI and GM in 3 Weeks FRE recovered all my losses...

So Pumped up....

Freddie (FRE) You Rock

Does anybody have any thoughts on going long on FRE and/or FNM? I bought both today because I think I can make a quick short term profit next week (hopefully...) but how about long term?

Summary for Short: You buy at $ XXX and sell at $ XXX for small profit but than it goes more higher and you start cursing yourself for selling earlier and buy again at new higher price and than boom the stock drops and you are now stuck.

Summary for long: You buy at $ XXX and tell yourself that I trust this company and will keep these stocks for long time and am not scared if the price drops temporarily.

Currently FRE is more safer than FNM but in long term FNM will give more profit.

P.S# I recovered all my losses doing short with FRE in past 3 weeks and my best bet is everyone is doing the same and taking profits. But at the end, FRE will become a long term stock.

weeeee....after 9 months of waiting this is finally moving.....I think FRE & FNM will recover sooner than we think...I hang on to both of them since last year December...patiently waiting that the time will come...hope that this is the bounce..

It was the invisible hand that sparked this rally.

http://www.marketwatch.com/story/fed...-08-21-1215500

Aug 21, 2009, 12:15 p.m. EST
Fed buys record $5.6 billion in agency debt
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FNM FRE
NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York bought $5.605 billion in housing-agency debt on Friday, the biggest purchase since it began buying debt in the sector in December in the hopes of capping mortgage rates. It bought about half of the $11.209 billion offered to it by bond dealers, which analysts noted was rather high. The large purchase is a big switch from recent operations, which have slowly gotten smaller. Analysts hypothesized the central bank may have been trying to stretch out its purchases over a longer timeframe to improve the effect. "The size of today's purchase will lead many to pay greater attention to the next pass to see if the Fed is increasing the speed at which it purchases Agencies," said Dan Greenhaus, chief economic strategist at Miller Tabak. The Fed has bought $116.6 billion of the originally-stated $200 billion in debt issued by home-finance agencies Fannie Mae (FNM 1.20, +0.10, +9.09%) , Freddie Mac (FRE 1.73, +0.13, +8.13%) and the Federal Home Loan Banks, according to Morgan Stanley. The central bank has also bought hundreds of billions of dollars in mortgage-backed securities and Treasurys.

in at .45 and .55 out at 1.68 and riding free shares. And looking to see how low it will go.

you might have got out too soon... doubt this one will fall today seeing as how the markets are pre gapping up a strong amount

You may be right but how much higher do you think it will go? if it goes back to $60. I have my couple of hundred free shares. But do you really think it is heading back up.

Pre-Market: $ 1.88 0.15(+8.67%) Volume: 1.96 m